The Board of Directors of Otto Marine Limited announced that its shipyard has, through one of the Company’s wholly-owned subsidiaries, sold a Multi-purpose Field Support and ROV Support Vessel “Otto Explorer 3” to RY Offshore Limited for an aggregate consideration of approximately US$50 million. Upon completion of the sale, the Buyer will charter the vessel [...]
The Board of Directors of Nam Cheong Limited announced that Nam Cheong International Ltd., a wholly-owned subsidiary of Nam Cheong, has secured sale contracts with a total value worth USD72.1 million for two units of Anchor Handling Towing Supply (“AHTS”) vessels and four units of Emergency Response and Rescue Vessels (“ERRVs”). The two AHTS vessels [...]
March 27, 2013 | Posted in
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The executive committee of Euronav NV announced that the company sold the Newbuilding Suezmax Cap Isabella (2013 – 157,648 dwt) for a selling price of USD 54,000,000 and that the vessel will be delivered to its new owner upon delivery from Samsung Heavy Industries due to happen by the end of the month. The vessel [...]
March 20, 2013 | Posted in
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Mercator Lines has signed a share purchase agreement for the sale of its 81% stake in Target Ship Management. The sale of its 81% stake in the Company comprised 426 ordinary shares and realised SGD 128,709.00 in cash. Following the disposal, Target Ship ceased to be a subsidiary of the Mercator Lines. Mercator state that [...]
DOF Subsea Group has entered into an agreement where the 1978 built D2 multipurpose construction support vessel Geobay is sold to a Middle East buyer. The selling price is slightly above book value of the vessel. The sale is expected to be completed after the ongoing project utilizing the vessel is finalized in May 2013. [...]
March 14, 2013 | Posted in
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![India: G E Shipping Sells Panamax Vessel ‘Jag Arnav’]()
The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Arnav”, a Panamax dry bulk carrier. The 1995 built vessel of about 71,000 dwt will be delivered to the buyers in the first half of 2013. The Company’s current fleet stands at 33 vessels, comprising 23 tankers (9 [...]
Havila Shipping ASA has, on behalf of the 100% owned ship owning company Havila Offshore AS, entered into an agreement where the RRV vessel Havila Runde is sold to Secunda Canada. The selling price is at booked value of the vessel and the sale will release liquidity of around MNOK 30. The sale is expected [...]
Höegh Autoliners has sold the Pure Car Truck Carrier Höegh Traveller (built 1983) for recycling to Grieg Green which will provide services to ensure safe and environmentally friendly “green recycling” in China. “This is the 12th car carrier we have sold for green recycling and we are pleased that Grieg Green will supply services to [...]
Waha Capital PJSC, a leading Abu Dhabi diversified investment company, announced that it has sold its three Anchor Handling Tug (AHT) vessels held by its wholly-owned subsidiary, Waha Offshore Marine Services (WOMS), to Stanford Marine Group. Waha Capital has a 49% shareholding in Stanford Marine Group. WOMS was established by Waha Capital in 2009 as [...]
GC Rieber Shipping has agreed to sell the 2D seismic vessel “Polar Explorer”, built in 1988. The vessel has been sold at book value, and the transaction will have a positive cash effect of approximately NOK 45 million. GC Rieber Shipping’s business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management, project [...]
February 7, 2013 | Posted in
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