Search results for: sales

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  • 7 December 2015
    Business & Finance

    Brazilian mining giant Vale SA plans to dispose of its remaining 11 Valemaxes though a lease-back deal estimated to be worth around USD 1.1 billion, the company announced on Friday at an investors conference in London. The move comes as Vale pushes to cut transportation costs between Brazil and Asia in an already challenging market […]

  • 17 March 2016
    Business & Finance

    Navig8 Product Tankers, a joint venture between the Navig8 Group and DVB Bank, has entered into sale and leaseback agreements with CMB Financial Leasing for two 74,000 dwt LR1 product tankers being built at Korean shipbuilder SPP Shipbuilding. The two vessels from SPP have contractual delivery dates of end May and end June 2016. Under the sale […]

  • 11 October 2016
    Business & Finance

    Commodity trading company Trafigura Group has entered into sale and leaseback agreements for five medium-range, eco-type newbuild tankers with China’s Bank of Communications Financial Leasing. Ordered by Trafigura in 2013 from Guangzhou shipyard in China, the tankers can each carry close to 50,000 million tons of dirty and clean petroleum products. The new vessels were delivered to Bank of Communications […]

  • 21 June 2017
    Business & Finance

    Orient Overseas International Ltd (OOIL) has refuted media reports which inform that the company is involved in talks to sell its subsidiary Orient Overseas Container Line (OOCL). OOIL stated that it “is not aware of, nor is it involved in any bid relating to the company or OOCL” with other shipping firms. The announcement was made following reports […]

  • 19 June 2007

    Superyacht Times brings my attention to another fabulous yacht up for sale. The 241-foot Salem yacht began in 1963 as the Dutch weather ship, Cumulus. The yacht went through a major refit in 1998 at the Devonport shipyard in the United Kingdom and was turned into a luxury cruising yacht.

  • 3 May 2017
    Business & Finance, Technology

    Ocean Power Technologies (OPT) has raised over $7 million through its underwritten public share sale.

  • 16 June 2016
    Business & Finance

    Hong Kong’s Seaspan Corporation today closed the sale of its series G preferred shares for gross proceeds of USD 115 million. The company said that it intends to use the net proceeds of the offering for general corporate purposes, which may include funding acquisitions, funding capital expenditures on existing newbuild vessels and debt repayments. Seaspan sold a total of 4.6 million […]

  • 16 March 2016

    The U.S. Department of Interior has backed away from the proposed sale of offshore exploration acreage on the Mid and South Atlantic area as part of the 2017-2022 lease sale, citing local opposition and conflicts with competing commercial and military ocean uses. According to the statement by the DOI, many factors were considered in the […]

  • 22 July 2016
    Business & Finance

    Ocean Power Technologies (OPT) plans to raise $4 million through the best efforts public offering of common stock and warrants.

  • 29 May 2017
    Business & Finance

    German shipping trust Marenave Schiffahrts AG has sold three of its tankers to undisclosed buyers for a total of USD 24.2 million, data provided by VesselsValue shows. Disposed of through a bank sale, the ships in question are LR1 tankers Mare Atlantic and Mare Pacific, which fetched a price of USD 6.8 million a piece. The third vessel from […]

  • 5 February 2016
    Business & Finance

    FSL Trust Management Pte, the trusteemanager of First Ship Lease Trust, has sold two containerships for USD 10.8 million as it failed to find further employment for the boxships in an already oversupplied market. Ever Radiant and Ever Respect are Japanese-built, 4,229 TEU containerships built in 1994 and 1995 respectively. The two vessels have been on bareboat charter to […]

  • 16 March 2017
    Business & Finance

    Five bulk carriers, owned by the former South Korean shipping giant Hanjin Shipping, have been sold to multiple shipowners for a total of around USD 125 million, according to data provided by VesselsValue. Namely, Hanjin’s Panamax bulk carrier duo, Hanjin Port Kamsar and Hanjin Hadong, were purchased by South Korean shipping firm Pan Ocean. Featuring […]

  • 27 November 2005

    The management of Gdynia Shipyard has submitted an offer to sell Gda

  • 27 April 2017

    French gas and oil giant Total reported a 56 percent jump in its adjusted net income during the first three months of 2017.

  • 13 March 2019

    The U.S. Bureau of Ocean Energy Management has proposed to offer 78 million acres for a Gulf of Mexico lease sale scheduled for August 2019.

  • 10 September 2015
    Business & Finance

    Owner of drybulk carriers DryShips Inc. has entered into firm sales agreements with entities controlled by the Company’s Chairman and Chief Executive Officer, George Economou, to sell 17 vessels. The 17 vessels, comprised of 13 Capesize and 4 Panamax bulk carriers, are being sold for an aggregate price of USD 377 million, DryShips said. The […]

  • 5 October 2017
    Business & Finance

    Greek boxship owner Diana Containerships has entered into an agreement to sell up to seven of its containership vessels for an aggregate purchase price of up to USD 104 million to an unaffiliated third party. The company said that separate Memoranda of Agreement will be signed for each vessel, adding that the deals are subject […]

  • 5 January 2016
    Business & Finance

    Dry bulk shipping company Star Bulk Carriers Corp. has entered into agreements to sell four newbuilding Capesize vessels under construction in China to unaffiliated third parties, for an aggregate gross price of USD 148 million. The vessels are expected to be delivered to the buyers during the first and second quarter of 2016. The company said it would use […]

  • 22 February 2006

    Christensen Shipyards, the foremost builder of high quality certified composite motor yachts, is proud to announce the sale of Hull 029. On February 17, 2006, during the Miami Yacht & Brokerage Show, Christensen Shipyards completed the sale of the forth of the 157

  • 24 March 2016

    The latest U.S. Gulf of Mexico lease sale has attracted $156 million in high bids for 128 tracts covering 693,962 acres in the Central Planning Area of the Outer Continental Shelf offshore Louisiana, Mississippi and Alabama. This, combined with no bids for the Eastern Gulf Sale, translates into one of the lowest industry interest in the history […]

  • 28 December 2015
    Business & Finance

    Danish shipping company Dampskibsselskabet NORDEN A/S (Norden) has decided to sell the Capesize dry cargo vessel Nord Power built in 2005. Norden said that the sale would entail an accounting loss of USD 12 million, which will be included in the annual results for 2015. The 176,000 tdw vessel will be delivered to the new owners […]

  • 10 September 2015
    Business & Finance

    Owner of drybulk carriers DryShips Inc. has entered into firm sales agreements with entities controlled by the Company’s Chairman and Chief Executive Officer, George Economou, to sell 17 vessels. The 17 vessels, comprised of 13 Capesize and 4 Panamax bulk carriers, are being sold for an aggregate price of USD 377 million, DryShips said. The […]