Archive for the ‘Sales and Purchases’ Category

Crowley to Acquire Three SeaRiver Tankers

Crowley to Acquire Three SeaRiver Tankers
(VALDEZ, Alaska; Nov. 1, 2017) ­– Crowley Alaska Tankers, LLC, announced today that it has signed an agreement, subject to regulatory approval, to purchase three tankers from SeaRiver Maritime Inc., and charter them back to SeaRiver under varying multi-year terms. Included in the acquisition are...
November 1st, 2017 | Sales and Purchases, Tankers | Read More

The BDI@1,552: still cruel to be kind…

The BDI@1,552: still cruel to be kind…
John Faraclas The BDI (Baltic Dry Index) gained another 29 points since yesterday thanks mainly to the Capers and to a leaser extend to all the other dry indices. Geopolitics still very perplexed. John Faraclas’ market briefing: The Capers gained another 100 points – to be precise 99 points and now...
October 17th, 2017 | Conferences, Seminars, Forums, Containers, Dry Bulkcarriers, News, Piracy and Terrorism, Reports, Sales and Purchases, Ship Finance, Shipbuilding and Shipyards, Shipmanagement, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More

An enigmatic BDI should not fool us..

An enigmatic BDI should not fool us..
John Faraclas The BDI (Baltic Dry Index) closed earlier on today at 1,458, that is 25 points plus since yesterday thanks mainly to the Panamaxes and hooray hooray to the Supras. The Geopolitical crisis deepens in all fronts. John Faraclas’ recap: The Capers continued to fall; today they lost another...
October 12th, 2017 | Dry Bulkcarriers, Markets, News, Reports, Sales and Purchases, Ship Demolitions, Ship Finance, Statistics, Stock Markets, Tankers | Read More

DIANA announces sale of panamax “Melite”

DIANA announces sale of panamax “Melite”
ATHENS, GREECE, October 12, 2017 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has signed, through a separate wholly-owned subsidiary (the “Owners”), a Memorandum of Agreement to sell...
October 12th, 2017 | Dry Bulkcarriers, Marine Insurance, Markets, News, Sales and Purchases, Ship Demolitions | Read More

Stay put with the BDI’s rise… there is a long way to go!

Stay put with the BDI’s rise… there is a long way to go!
John Faraclas Despite some gains the BDI (Baltic Dry Index) remains low; low with the correlation of t/c rates both for the spot and period and unless we see the magic 2,247 and above level, stay put! Geopolitics are worsening and the drums of War can be head… John Faraclas’ daily recap: The BDI...
October 10th, 2017 | Cruise Industry, Markets, News, Reports, Sales and Purchases, Shipping Indices, Statistics | Read More

Sale of LNG/C Excel

Sale of LNG/C  Excel
The LNG/C “Exmar” EXMAR is pleased to announce the sale of the LNG carrier EXCEL (138,107 m³ – 2003 built). EXCEL has been delivered to its new owners on 6th of October 2017. The net cash proceeds realized by EXMAR for its 50% share in the joint venture will be approximately USD 23,0...
October 8th, 2017 | LNG, Sales and Purchases, Stock Markets | Read More

The BDI@1,405: a controlled correction…?

The BDI@1,405: a controlled correction…?
John Faraclas The BDI (Baltic Dry Index) and in general the markets do not surprise us at all with their performance and behaviour so far needless to say their volatility; the Geopolitics are so perplexed and enigmatic that either you consult …the oracle or use your own shipping business intuition...
October 6th, 2017 | Chartering, Conferences, Seminars, Forums, Containers, Dry Bulkcarriers, Events, Markets, Military, Oil Industry, Organisations, Piracy and Terrorism, Politics and Government, Ports & Terminals, Reefer Containers, Reefer ships, Reports, Sales and Purchases, Ship Demolitions, Ship Finance, Shipbuilding and Shipyards, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

St Helena Line to withdraw RMS St Helena from service and seeks buyer for vessel

St Helena Line to withdraw RMS St Helena from service and seeks buyer for vessel
The RMS “St Helena” St Helena Line has announced today, (Thursday 5th October 2017), that it is to withdraw the Passenger Cargo Royal Mail Ship St Helena (RMS) from service in February 2018 and has appointed London ship broker CW Kellock & Co Ltd to handle her sale. Operated...
October 5th, 2017 | Company Profiles, Sales and Purchases, Trade and Commerce | Read More

Diana Containerships Inc. announces agreement to sell up to seven vessels

Diana Containerships Inc. announces agreement to sell up to seven vessels
ATHENS, GREECE, October 5, 2017 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that it has entered into an agreement to sell up to seven of its containership vessels for an aggregate purchase...
October 5th, 2017 | Containers, Sales and Purchases, Stock Markets | Read More

Damen Shipyards Group delivers Shoalbuster 3209 to ISA Towage B.V.

Damen Shipyards Group delivers Shoalbuster 3209  to ISA Towage B.V.
Mr. Willem-Harm Mastenbroek (owner and managing director of ISA Towage B.V.) and Mr. Jos van Woerkum (Managing Director, Damen Shipyards Hardinxveld) ISA Towage B.V. (formerly known as V.O.F. Sleepboot ISA) has taken delivery of a Shoalbuster 3209 from Damen Shipyard Hardinxveld (DSHa). The vessel was...
September 6th, 2017 | Sales and Purchases, Shipbuilding and Shipyards, Technical, Technology | Read More

The BDI reality @1,181; wets: buoyant

The BDI reality @1,181; wets: buoyant
John Faraclas stressing the importance for safe navigation in hte world’s dire straits- picture credits LISW2015 FLICKR The BDI (Baltic Dry Index) lost another 22 points earlier on today and now stands at 1,181… The wets are coming up due to other unexpected reason – situ in the US Gulf following...
August 30th, 2017 | Containers, Dry Bulkcarriers, Markets, News, Reports, Sales and Purchases, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

FONASBA Announces Winner of the 2017 Young Ship Agent or Broker Award

FONASBA Announces Winner of the 2017 Young Ship Agent or Broker Award
  Niklas Soltow of  SCA Logistics GmbH FONASBA is very pleased to announce that the winner of its Young Ship Agent or Broker Award for 2017 is Niklas Soltow of SCA Logistics GmbH of Germany The Award was introduced in 2015 with the aim of encouraging members of the ship agency and ship broking...
August 21st, 2017 | Academia, Associations, Awards, Chartering, Events, HR, People and Places, Person Profiles, Sales and Purchases, Ship Agencies | Read More

No steam for the BDI? Geopolitics’ mess looms…

No steam for the BDI?  Geopolitics’ mess looms…
John Faraclas The BDI (Dry Baltic Index) closed earlier on today at 1,032 points which is 9 (nine) points up since yesterday and 99 (ninety-nine) since last Friday the 28th of July when it stood at 933 points. Geopolitics are sending a strong message that the going gets tough. The BDI is minus 1215 points...
August 4th, 2017 | Chartering, Dry Bulkcarriers, Markets, News, Reports, Sales and Purchases, Shipping Indices, Tankers, Trade and Commerce | Read More

Supply/demand improving but shipyards must still fight for survival, says MSI

Supply/demand improving but shipyards must still fight for survival, says MSI
Some major market indicators are better but yards remain underemployed and newbuilding and second-hand prices have not yet hit bottom  London, 02 August, 2017. After a painful decade in which the shipping industry has suffered from an unhealthy supply position, a sustained reduction in contracting...
August 2nd, 2017 | Markets, Reports, Sales and Purchases, Ship Demolitions, Statistics | Read More

Falling BDI@933 and Wets too; Geopolitical tremors are now felt…

Falling BDI@933 and Wets too; Geopolitical tremors are now felt…
John Faraclas The BDI (Baltic Dry Index) fell nine points earlier on today from yesterday’s 942 points and 44 points since last Friday the 21st of July when it stood at 977; a midsummers’ mess. Geopolitics are looking more than explosive in all fronts. John Faraclas’ daily and weekly recap: The...
July 28th, 2017 | Dry Bulkcarriers, European Union, Markets, Military, News, Oil Industry, Piracy and Terrorism, Sales and Purchases, Ship Finance, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Volatile Markets and Geopolitical uncertainty might trigger monumental mess

Volatile Markets and Geopolitical uncertainty might trigger monumental mess
John Faraclas The BDI (Baltic Dry Index) ended up earlier on today with just three point plus and now reads 980 following two business days of stagnation… The Geopolitics are as dodgy as ever; John Faraclas’ daily recap: The Capers were up 50 points and the BCI now reads 1,221… The Panamaxes...
July 25th, 2017 | Containers, Dry Bulkcarriers, European Union, Markets, News, Politics and Government, Reports, Sales and Purchases, Ship Finance, Shipping Indices, Statistics, Tankers, Trade and Commerce | Read More

Latitude Brokers opens Latitude Korea office

Latitude Brokers opens Latitude Korea office
SW Kim Hong Kong, 3 July 2017– Latitude Brokers, the Asia based marine insurance specialist, has opened a liaison office in Seoul, Korea. Latitude’s office in Seoul will be their third in Asia, having opened in Hong Kong and Singapore in 2014 and 2016 respectively. Latitude Korea Ltd is wholly owned...
July 3rd, 2017 | Chartering, Company Profiles, HR, Person Profiles, Sales and Purchases | Read More

Q88 says market demands need to be strictly listened to when it comes to software solutions

Q88 says market demands need to be strictly listened to when it comes to software solutions
Fritz Heidenreich Stamford – 22 June 2017 – Software providers need to be more aware of the precise demands being voiced by today’s shipowners and charterers and must match or exceed these if they are to win business in this highly competitive yet still potentially lucrative market, according to...
June 22nd, 2017 | Chartering, IT and Communications, Markets, News, Sales and Purchases | Read More

Diana Containerships announces sale of post-panamax contship “Doukato”

Diana Containerships announces sale of post-panamax contship “Doukato”
Diana Containerships “Doukato” DIANA CONTAINERSHIPS INC. ANNOUNCES THE SALE OF A PANAMAX CONTAINER VESSEL, THE M/V DOUKATO ATHENS, GREECE, May 31, 2017 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships,...
May 31st, 2017 | Containers, Markets, Sales and Purchases, Stock Markets | Read More

Diana takes dely of new acquisition Post-Panamax “Electra”

Diana  takes dely of new acquisition Post-Panamax “Electra”
Diana Shipping Inc. Announces Delivery of the Post-Panamax Dry Bulk Vessel m/v Electra ATHENS, GREECE, May 30, 2017 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned...
May 30th, 2017 | Dry Bulkcarriers, Markets, News, Sales and Purchases, Statistics, Stock Markets | Read More

Market tsunami; explosive geopolitics

Market tsunami; explosive geopolitics
John Faraclas The BDI (Baltic Dry Index)  lost five points since yesterday and now stands at 949; the Wets gained a bit and Geopolitics become explosive. John Faraclas’ daily recap. The Capers’ BCI 2014 was up two points and at 1,706 loses steam.. The Panamaxes BPI lost four and now at 850  points...
May 23rd, 2017 | Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Events, Conferences,Forums and Symposiums, Markets, Military, News, Piracy and Terrorism, Reports, Sales and Purchases, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Diana announces delivery of the Kamsarmax “Astarte”

Diana announces delivery of the Kamsarmax  “Astarte”
Diana Shipping Inc. Announces Delivery of the Kamsarmax Dry Bulk Vessel m/v Astarte ATHENS, GREECE, May 19, 2017 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned...
May 19th, 2017 | Dry Bulkcarriers, Markets, Sales and Purchases, Stock Markets | Read More

The BDI@1,014: a dead duck?

The BDI@1,014: a dead duck?
John Faraclas The BDI (Baltic Dry Index) ended the day at 1,014 – just two points plus since yesterday; Geopolitics are getting really sour. John Faraclas’ daily,  weekly market and geopolitics recap: In total the BDI gained 20 points since last week’s 994 – a crucial number on all counts. Thanks...
May 12th, 2017 | Events, Conferences,Forums and Symposiums, Markets, News, Reports, Sales and Purchases, Shipping Indices, Statistics, Stock Markets | Read More

Struggling BDI clinches six points; Geopolitics getting sour…

Struggling BDI clinches six points; Geopolitics getting sour…
John Faraclas The BDI (Baltic Dry Index) at 1,007 points – thanks once again to the as ever volatile Capers, “managed” to maintain the psychological 1,000-point-threshold… The geopolitical situation gets day by day worse and it will only be that special momentum of explosion in a global scale…...
May 9th, 2017 | Containers, Dry Bulkcarriers, Insight, Markets, Military, Piracy and Terrorism, Reports, Sales and Purchases, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

VesselsValue launches OSV discounted Cash Flow Valuations

VesselsValue launches OSV discounted Cash Flow Valuations
… Global OSV fleet has a Discounted Cash Flow value 2.5 times higher than its Market Value VesselsValue (VV), the world’s leading online valuation provider, is launching daily Discounted Cash Flow (DCF) valuations for Offshore Support Vessels (OSVs). This new valuation type looks to increase VesselsValue’s...
May 8th, 2017 | Energy, Oil Industry, Oil Platforms and Rigs, Sales and Purchases | Read More