Seadrill Limited has today completed the previously announced transaction to sell the T-15 tender rig to Seadrill Partners. The agreed upon sale is for a total price of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T-15. The balance of the total consideration is being financed with [...]
May 17, 2013 | Posted in
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Seadrill Limited has entered into an agreement to sell the companies that own and operate the tender rig T15 to Seadrill Partners LLC for a total consideration of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T15. The balance of the acquisition price will be financed with [...]
May 8, 2013 | Posted in
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MAN Diesel & Turbo has announced the 500th sale of its MAN 48/60 medium-speed engine. The milestone was reached with the order of two common-rail variants of the engine by Huta Marine of Jeddah, Saudi Arabia as part of a diesel-electric system to power a self-propelled cutter suction dredger. Huta Marine is a specialist in [...]
April 24, 2013 | Posted in
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Coastal announced that its wholly-owned subsidiaries have secured contracts for the sale of seven units Offshore Support Vessels and two units Oil Barges for an aggregate value of approximately RM434 million (approx. USD 142 million). Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyers up to 23 April 2013, [...]
Nam Cheong Limited today announced that it has sold two vessels worth a total of US$59.0 million. Two Accommodation Work Barges (“AWBs”) were sold to a subsidiary of Perdana Petroleum Berhad (“Perdana”), an established, major offshore marine services provider for the oil and gas industry in Malaysia and the Southeast Asian region. Mr Leong Seng [...]
April 23, 2013 | Posted in
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![G E Shipping Announces Sale of Product Carrier ‘Jag Parwar’ (India)]()
The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Parwar”, a General Purpose (GP) product carrier. The 1988 built vessel of about 29,900 dwt will be delivered to the buyers in Q1FY14. The Company’s current fleet stands at 33 vessels, comprising 23 tankers (9 crude carriers, 13 [...]
Attica Holdings S.A. announces that it has contracted to sell the RoPax vessel Superfast VI to Genting Group for a total cash consideration of Euro 54mln. The delivery of Superfast VI is scheduled to take place at the beginning of April 2013. Superfast VI will be replaced in the Patras-Igoumenitsa-Ancona route by another vessel of [...]
Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, reached an agreement with Ocean Yield of a sale and leaseback of two AHTS. The vessels, both UT 731 CD design, are under construction at Vard Langsten in Tomrefjord (previously STX OSV Langsten) for delivery ultimo March and May 2013 respectively. The agreement [...]
March 7, 2013 | Posted in
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Golar LNG Limited announced yesterday that it has completed its sale of interests in the company that owns and operates the LNG carrier Golar Maria to Golar LNG Partners L.P. for a price of $215 million. As consideration, the Partnership will assume $89.5 million of bank debt in respect of the Golar Maria and pay [...]
February 8, 2013 | Posted in
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Seanergy Maritime Holdings Corp. announced yesterday that its wholly-owned subsidiary, Maritime Capital Shipping Limited (“MCS”), sold its 100% ownership interest in four subsidiaries. The four subsidiaries own the Handysize dry bulk carriers M/V Fiesta, M/V Pacific Fantasy, M/V Pacific Fighter and M/V Clipper Freeway. The buyer is a third-party nominee of the lenders under the [...]
