Knightsbridge Tankers Limited sells its VLCC 'Kengsington' to an unrelated 3rd party for delivery this month.The Company expects to record a gain of approximately $0.1 million in the fourth quarter having recorded an impairment loss of $13…
Maersk Tankers exits its Handygas segment by selling all 11 vessels to Navigator Gas. The divestment allows Maersk Tankers to focus on fewer segments and releases capital for future investments.Hanne B. Sørensen, CEO Maersk Tankers, said…
Douglas-Westwood forecast that between 2013 and 2017, $91bn will be spent on floating production systems (FPS) – an increase of 100% over the preceding five-year period. A total of 121 floating production units are forecast to be installed – a 37% increase…
Sentinel sell new-build Anchor Handling Towing & Supply vessels AHTS 5150; order two more AHTS from Nam Cheong Dockyard.Buyers of the AHTS 5150, Hull SK 67, have requested the details of the sale to remain private.The newly ordered AHTS vessels will be built in Fujian South East Shipyard…
A subsidiary of Seadrill to buy the ultra-deepwater semi-submersible rig 'Songa Eclipse' for a price of US$ 590-million.The rig was delivered from the Jurong Shipyard in Singapore in 2011, and is currently operating for Total offshore Angola on a fixed contract ending in December 2013…
Ince & Co partner Jamila Khan has moved to the firm’s Piraeus office.Jamila has a broad practice covering all aspects of shipping and international trade and commodities disputes and commercial transactions. She has close links with…
Ship Finance International Limited (SFL) acquire two car carriers & both have been chartered out.The Japan-built vessels have a capacity of approximately 6,500 car equivalent units (CEU) and were built in 2005 and 2006, respectively.The…
Port of Tallinn signs the purchasing agreement for icebreaker 'MSV Botnica'.The 50 million euro agreement is with the Finnish shipping company Arctia for the outright purchase of the icebreaking vessel. MSV Botnica is a multipurpose icebreaker built in 1998 by Aker Finnyards in Rauma…
Belgian owners, Euronav NV, of the VLCC 'Algarve' announce its delivery to the new owner for conversion.The 298,969 dwt VLCC Algarve, built in 1999, was sold for USD 35,875,000 yielding Euronav a capital gain of USD 7.3 million which will be recorded…
International Shipholding Corporation purchases a 1999-built Pure Car Truck Carrier (PCTC) to fly the US flag.International Shipholding Corporation announce the purchase of a 1999-built Pure Car Truck Carrier (PCTC). The vessel acquisition was funded by a $3…
Bernhard Schulte Shipmanagement (BSM) is pleased to announce that it has been awarded the ship management contracts for three TFDE 160,000 cu m capacity LNGCs belonging to Thenamaris LNG Inc.The vessels are due for delivery from Samsung Heavy Industries Co Ltd…
Helix Energy Solutions Group to sell pipelay vessels, 'Caesar, Express', 'Intrepid' & related equipment in separate transactions for a total $252,750,000.On October 15, 2012, Helix entered into an agreement to sell the Caesar, Express and…
Seanergy Maritime Holdings sell 'Clipper Grace', a 30,548 dwt Handysize drybulk vessel, built in 2007, at a gross price of US$11.25 million. The vessel was delivered to its new owners on October 15, 2012. The company will use the sale proceeds to reduce debt and for working capital purposes…
U.S. Transportation Secretary visits Suisun Bay in Northern California to celebrate surpassing administration's goal for recycling.Ray LaHood, US Transportation Secretary visited Shuisun Bay for the occasion. In 2010, the Department’s Maritime…
North Sea supply specialist Fletcher Shipping buys 'FS Taurus' its third vessel in five years.Currently operating in the Forties section of the North Sea, Taurus will take the total number of employees at Fletcher to 90. Set up in 2007 with backing from the Royal Bank of Scotland…
