KNOT Offshore Partners LP (KNOP) has entered into agreements to purchase from Knutsen NYK Offshore Tankers AS all of the ownership interests in the companies that own and operate the shuttle tankers Hilda Knutsen and Torill Knutsen. The purchase price of the Hilda Knutsen is $166m, net of $109.6m of outstanding indebtedness related to the vessel. […]
June 24, 2014 | Posted in
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China Shipping Tanker (CST), a wholly-owned subsidiary of the China Shipping Development (CSD) Company, has signed an Equity Transfer Agreement with Sinochem International Corporation for the purchase of 20% interest in Shanghai Beihai Shipping (SBS). The total value of the deal is $132.9m. “The acquisition represents a strategic expansion of the group to further entrench its position […]
June 23, 2014 | Posted in
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Terminal Investment Limited (TIL) has purchased a 29% share in APM Terminals Callao through the acquisition of Callao Port Holding B.V. APM Terminals assumed operational control over the Callao facility in July 2011 under a 30-year concession together with the Unimar Group of Peru holding 20%, and is currently performing a major $749 million upgrade […]
Jaya Holdings Limited (Jaya) has agreed to sell the entire issued and paid up share capital of all its subsidiaries (the sale companies) to Mermaid Marine Australia Limited for aggregate cash consideration of approx $495 million. Following completion of the proposed transaction, the company intends to distribute a significant portion of the purchase consideration to […]
GasLog Ltd. yesterday announced an agreement with Methane Services Ltd., an affiliate of BG Group, to purchase three LNG carriers from MSL’s fleet and to charter those ships back to MSL for six-year initial terms. MSL also will have options to extend the term of the time charters for two of the ships for a […]
The China Navigation Company (CNCo), the deep sea shipping arm of the multinational Swire Group, has signed a conditional sale and purchase agreement to acquire Pacifica Shipping (Pacifica) from the Skeggs Group of companies in New Zealand. CNCo has been a long term participant in the New Zealand’s maritime and transport industry. The first Swire […]
Scorpio Bulkers Inc. announced yesterday that it has entered into agreements to purchase five Kamsarmax dry bulk vessels currently under construction as listed below: Yard DWT Delivery Hudong-Zhonghua Shipbuilding (Group) CO., LTD. 82,000 Q3-15 Hudong-Zhonghua Shipbuilding (Group) CO., LTD. 82,000 Q3-15 Hudong-Zhonghua Shipbuilding (Group) CO., LTD. 82,000 Q4-15 Hudong-Zhonghua Shipbuilding (Group) CO., LTD. 82,000 […]
December 6, 2013 | Posted in
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Prospector Offshore Drilling S.A. announced yesterday that the previously announced sale of a subsidiary has been completed. Reference is made to the Company’s announcement on 15 November 2013, regarding the agreement with Seadrill Jack-up Holding Ltd., a subsidiary of Seadrill Limited, for the sale and purchase of 100% of the shares and certain intercompany obligations […]
Perdana Petroleum Berhad (PPB) announced that its subsidiary Perdana Mercury Ltd (PML), has on 21 November 2013, agreed to terminate the bareboat charter arrangement with Mount Bintang LLC (Mount Bintang) and Mount Bubu LLC (Mount Bubu) on three vessels, i.e. ‘Perdana Liberty’, ‘Perdana Frontier’ and ‘Perdana Horizon’. On the same date, Perdana Pluto Ltd […]
New Orleans based Harvey Gulf International Marine, announced today the closing of its asset purchase of Abdon Callais Offshore, a deal worth $460 Million USD in cash, while simultaneously selling six of the older assets to Adriatic Marine for $72 Million USD. CEO Shane Guidry commented: “It’s been a very busy year. Abdon Callais is […]
