The infographic below, released by VesselsValue, shows the change in ship ordering, selling and scrapping activities in the first half of this year, when compared to the same period in 2015. The findings showed that there was a 52 percent reduction in spending on second hand vessels. In 2015, a tota
CarVal Investors, LLC, an investment arm of Cargill, has sold its newbuilding Capesize bulk carrier for a total consideration of USD 32.5 million, according to data released by VesselsValue. The 180,000 dwt ship, named Mustang, was purchased by Greece-based shipowner Chartworld Shipping Corporation.
Norwegian ship owner Ocean Yield ASA has taken delivery of a 115,000 dwt LR2 product tanker Navig8 Supreme from South Korea’s Sungdong shipyard. After being delivered from the shipyard today, the vessel commenced a 13-year “hell and high water” bareboat charter to Navig8 Product Tankers Inc. This is
Dutch shipbuilders Amels and Damen have sold the first Damen SeaExplorer 65, a purpose-built, Polar Code compliant expedition yacht with full capability for remote destinations. The 65, 90 and 100-meter yacht range debuted in September 2015 at Monaco Yacht Show. The expedition yacht offers 40 days o
The containership orderbook, measured as a percentage of the existing fleet, has fallen to its lowest level since 1999, and is expected to slide further in the near term, according to Alphaliner. Namely, the current orderbook-to-fleet ratio plunged to 17.1% from the peak of 64% recorded at the end o
Norwegian company Kongsberg Maritime has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract with German shipbuilder Flensburger Schiffbau-Gesselschaft that includes engineering and maritime technology deliveries to a RoPax ferry for Irish Continental Group (ICG).
Dry bulk shipping company Safe Bulkers has secured USD 16.9 million of financing for the construction of a new Kamsarmax class vessel, scheduled for delivery in the first half of 2018. An unaffiliated investor would provide the funds in exchange for a 2.95% cumulative redeemable perpetual preferred
Greece-based tanker owner and operator Top Ships has secured financing for the company’s sixth and final newbuilding vessel, the 50,000 dwt fuel efficient “ECO” MR product tanker, M/T Nord Valiant. Namely, the company said that it entered into a senior secured facility with an undisclosed northern E
Greek owner and operator of dry bulk and container ships Euroseas Ltd. has terminated the order for the first of its Ultramax vessels, Hull Number DY 160, under construction at Sinopacific Shipbuilding’s Dayang yard in China. The company said that the vessel was cancelled due to excessive constructi
Greek shipping company Samos Steamship Co. has extended its cooperation with Qatar’s shipyard Nakilat-Keppel Offshore Marine (N-KOM) as the parties entered into a fleet agreement. Under the fleet agreement, N-KOM will be the preferred shipyard in the Middle East for repairs of all vessels owned by t
Norwegian company Kongsberg Maritime will undertake Engineering, Procurement, Construction & Installation (EPCI) contracts for two 100-meter ferries, which will be built for UK’s ferry owner Caledonian Maritime Assets Ltd (CMAL). Under the contracts, worth some USD 18.9 million, Kongsberg Maritime w
The Italian cruise line Costa Crociere, part of Carnival Corporation, has decided to buy a 33% share in Chantier Naval de Marseille shipyard, as the company signed an agreement for the development of a ship repair and conversion center with Genoese San Giorgio del Porto company. The agreement betwee
A sail-away ceremony for the Floating Storage Unit (FSU) Armada LNG Mediterrana, which will be dispatched in the coming days to Malta, was held at Keppel Shipyard’s facilities in Singapore on August 1. Owned by Malaysia-based offshore oil & gas services provider Bumi Armada, the 125,582 cbm Armada L
Antwerp-based tanker owner and operator Euronav NV has decided to further expand its fleet as it purchased two newbuilding resale vessels from the Greek ship operator Product Shipping and Trading SA on July 27, data provided by VesselsValue shows. The two vessels in question are Very Large Crude Car
