AMC Connector AS, a Aker Solutions & Emas Offshore joint venture, has agreed to sell subsea construction & cable-lay vessel 'Lewek Connector'.In October 2010, Aker Solutions announced that it would sell its offshore construction and installation…
Oceanografia completes agreement to acquire 'OSA Goliath' from CarVal Investors.Oceanografia S.A. de C.V., one of Mexico’s largest leading vessel operators specializing in underwater survey, diving, pipe laying construction and maintenance…
Triton Diving acquires the diving assets of Louisiana Oilfield Divers (LOD).Triton Diving Services, an affiliate company of Grey Mountain Partners, acquires diving assets of LOD, including 'Premier Explorer', a 208-foot, 4-point vessel.The…
Braemar Shipping Services plc (“Braemar” or “the Company”) is pleased to announce the appointment of Martin Beer as Finance Director, with effect from 15th October 2012. James Kidwell, CEO, will hand over his responsibilities as Finance Director on that date…
Silk subsidiary, Jasa Merin Sdn Bhd, signs up to buy two Anchor Handling Tug Supply (AHTS) vessels from previous owners.The vessels named IDS Darul Ehsan and IDS Darussalam are 70-metre 120-tonne bollard pull AHTS with an engine rating of 10…
Harvey Gulf International Marine closes its asset purchase purchase deal with Bee Mar LLC.The purchase price for the all-cash sale of Bee Mar's nine Offshore Supply Vessels was US$243-million. Harvey Gulf immediately renamed the vessels…
Singapore-based Otto Marine sells Work Maintenance Vessel 'Oranda 1' for US$38.0-million, simultaneously bareboat-chartered back for GofM work.The sales transaction sets to improve the Group’s cash flow and balance sheet.Oranda 1, of LOA 75 m is an ABS-classed 4…
Twenty Grand Marine Service, L.L.C. of New Orleans, Louisiana sells U.S. flag supply vessel “Toby Tide” to Ocean Marine Services, Inc. of Kirkland, Washington. The vessel is being renamed “Sovereign” and upon the vessel's arrival from Port Hueneme to Seattle…
Transocean Ltd. to sell 38 shallow water drilling rigs to Shelf Drilling International Holdings, Ltd. for approximately US$1.05-billion.Shelf Drilling is a newly formed company sponsored equally by Castle Harlan, Inc., CHAMP Private Equity and Lime Rock Partners…
Brazil's mining giant Vale sells 10 VLOCs for US$600-million to Turkey’s Polaris Shipping.The Brazilian company said that the transaction would improve cash flow while still maintaining its maritime ore shipping capacity. The ships will be chartered back to Vale…
“The 2008 financial crash slowed the luxury business, and the new class warfare coming out of Washington has made owning a large yacht out of favor. Hopefully, this class warfare will change this November and maybe put hundreds of laidoff workers back to work…
Scorpio Tankers Inc. announce sale of the 'STI Diamond', accept delivery of newbuild 'STI Topaz'.The Company completed the sale of the 'STI Diamond' and sale of a second vessel, the STI Coral, is expected to be completed in September 2012…
Korea's leading shipbuilders post declining profits in second quarter 2012, as well as a growing inventory of unsold vessels.Shipbuilders here have put unsold ships up for resale at below-market prices but are struggling to get them off the hands…
Miclyn Express Offshore takes delivery of 2011 built 70m Maintenance Support Vessel, renamed “MEO Galaxy”.Headquartered in Singapore Miclyn Express Offshore group of companies is a leading provider of service vessels to the expanding offshore oil and gas industry…
China initiates a trial program in Shanghai designed to help the nation’s beleaguered shipowners.Under the new policy by the Ministry of Transport, ships leased by shipping companies from financing firms could be regarded as part of the owner’s…
