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Marshall Islands-based tanker company Tanker Investments Ltd. (TIL) expects to report a net loss in the range of USD 0.01 to USD 0.03 per share for the third quarter of 2014, the company said in its earnings guidance for the three months ended September 30, 2014. TIL’s board of directors has authorized a share repurchase program to […]
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Germany-based shipowner and operator Oldendorff Carriers confirmed that it purchased a total of eight vessels since August 2016. Namely, the company said that it bought 3 Babycapes and 5 Post Panamax bulk carriers to supplement its owned fleet. The company’s latest purchase includes the 2011-built Post Panamax bulk carriers UBC Onsan and UBC Ohio. Bought from Oldendorff’s compatriot shipping […]
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Frontline Ltd. has entered into a contract with Zhoushan Jinhaiwan Shipyard Co.,Ltd. in China for delivery of four 320,000 dwt VLCC newbuildings. The vessels will be delivered from June 2011 until December 2011. Frontline has also secured options for further two similar VLCC newbuildings at a fixed price.
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Frontline 2012 Ltd. announce that it has completed a private placement of 56,000,000 new ordinary shares of USD 2.00 par value at a subscription price of USD 3.75, raising USD 210 million in gross proceeds to the Company (the “Private Placement”). Frontline 2012 has concluded an agreement to acquire a total of 16 firm […]
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Australian marine transporter Sea Swift has abandoned its pursuit of the Northern Territory and far north Queensland marine freight business Toll Marine, a division of Toll Holdings Limited. On 9 July 2015, the Australian Competition and Consumer Commission (ACCC) announced its decision to oppose Sea Swift’s proposed acquisition of the Toll Marine NT and FNQ business, saying that it […]
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Scorpio Bulkers Inc. announced recently that it has entered into various agreements for the purchase of eleven Ultramax dry bulk vessels of 60,000 DWT to 64,000 DWT and four Kamsarmax dry bulk vessels of 81,000 DWT to 84,000 DWT from yards in Japan and China, as listed below: The total purchase price for the announced […]
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Greek dry bulk ship owner Diana Shipping has obtained a term loan of up to USD 25.7 million to finance the acquisition cost of two out of three Panamax vessels bought earlier this year, the MV Infinity 9 and MV Sunshine. The term sheet has been signed with ABN AMRO Bank N.V. In February, the company […]
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John Fredriksen-controlled tanker owner and operator Frontline has reached an agreement to buy two very large crude carrier (VLCC) resales from South Korean Daewoo Shipbuilding & Marine Engineering (DSME). Purchased at a price of USD 77.5 million a piece, the new 300,000 dwt VLCCs are scheduled for delivery in September and October 2017. The company […]
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PTT of Thailand could cut on buying LNG in the second half of 2015 as gas consumption is expected to be lower.
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The duration of the PPA will be from 1 October 2020 to 30 June 2036.
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Greek owner of drybulk carriers DryShips Inc. has acquired a very large gas carrier (VLGC) for a price of USD 83.5 million, the first vessel under a “zero cost” option agreement signed earlier in January. Currently under construction at Hyundai Heavy Industries (HHI), the VLGC will be employed on a fixed rate time charter with five […]
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Greek shipowners seem to be continuing with their shopping spree of second hand bulk carriers . Two vessels, CURIA and MAHA AVANTI, became property of Greek shippers last week, Lion Shipbrokers said in their latest Weekly Report. Namely, 51,029 dwt modern supramax CURIA has been sold for USD 13.9 million. The vessel was built in […]
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If you are lucky enough to be considering purchasing a superyacht, hopefully today’s article will help choose the best one for your needs. The guide will walk you through the yachting world, starting from this and last year’s purchases to useful tips when buying a yacht. World Maritime News Staff; Infographic: East Fremantle Yacht Club
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A former secretary of the U.S. Navy, John Lehman, is negotiating to buy one of Mobile’s two largest shipyards, Atlantic Marine officials confirmed Wednesday. Lehman’s New York-based firm, J.F. Lehman & Co., is expected to complete the purchase of Atlantic Marine Holding Co. within a few weeks, according to a spokesman for Atlantic Marine. Since […]
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The Maldives Transport and Contracting Company (MTCC) plans to purchase a $36 million dredging vessel, according to Minivan News. MTCC CEO Ibrahim Abdul Razzaq stated that this piece of equipment will be a hopper suction dredger, which will be capable of reclaiming one hectare of new land in just two days. “This is an investment to […]
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Euroseas Ltd., an owner and operator of drybulk carriers and containerships and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that it sold for scrap one of the oldest container vessels in its fleet, the M/V Anking, a 950 teu multipurpose vessel built in 1990 for approximately $3.7 million. The vessel […]
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Based on the successful private placement of new shares and the financing agreements done, Havila Shipping has decided to exercise the purchase options for the AHTS vessels Havila Mars and Havila Mercury. Based on a renegotiated agreement the vessels will be purchased with effect from 1stOctober 2012 and the ownership will be consolidated into the […]
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SeaBird Exploration Plc announced that it has notified the owner of Hawk Explorer that it will exercise its option under the current charter agreement to purchase the vessel and related equipment for USD 6.5 million. The vessel and equipment will be delivered at the end of the lease term 31 August 2014 against settlement of […]
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Statkraft has signed a long-term power purchase agreement (PPA) to purchase 50% of the output from the 1,075 MW Seagreen offshore wind project in Scotland. Statkraft said that the deal is the largest in its UK PPA portfolio, which now stands at 10TWhs. “As part of our project financing we required an off-taker with a […]
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Aker Philadelphia Shipyard ASA has announced that certain wholly owned subsidiaries of AKPS and Crowley Petroleum Services, Inc. (CPS) have entered into binding agreements which will result in the sale of two product tankers by Aker Philadelphia Shipyard, Inc. (APSI) to Crowley Tankers, LLC (CT). These vessels are designated as APSI Hulls 017 and 018. […]
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Authorities & Government, Operations & Maintenance, Research & Development, Technology
Nova Scotia’s Utility and Review Board has approved a power purchase agreement for tidal array projects slated for construction in 2015. The power purchase agreement and the developmental feed-in tariffs (FIT) will be granted for the period of 15 years. The feed-in tariffs span from 37.5 cents per kW/h to 57.5 cents kW/h for tidal […]
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In the first nine months of 2014, recorded investment in sale and purchase transactions in secondhand market has almost exceeded last year’s total already, with a reported USD 19 billion having changed hands, according to Clarksons. “Due to a growing sense of optimism that market conditions would eventually improve, some USD 20 billion was invested in […]
