Frontline Announces Acquisition of VLCC Resale and Two LR2 Newbuildings

Frontline Announces Acquisition of VLCC Resale and Two LR2 Newbuildings

Frontline Ltd. (Frontline) (NYSE:FRO) announced yesterday that it has acquired a scrubber-equipped VLCC resale under construction at Hyundai Samho Heavy Industries (HSHI) expected to be delivered in May 2020 and has …
Jun 20, 2019 /  Curious
Diana Shipping Inc. Announces the Sale of a Panamax Dry Bulk Vessel, the mv Thetis

Diana Shipping Inc. Announces the Sale of a Panamax Dry Bulk Vessel, the mv Thetis

Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to …
Jun 14, 2019 /  Vessels
Maersk Product Tankers completes sale and leaseback agreement

Maersk Product Tankers completes sale and leaseback agreement

Maersk Product Tankers has entered a sale and leaseback agreement for four MR vessels built in 2015 and 2016 with the Industrial and Commercial Bank of China (ICBC). “The agreement will increase financial …
May 17, 2019 /  Vessels
K-Line Offshore announces the sale of PSV KL Arendalfjord

K-Line Offshore announces the sale of PSV KL Arendalfjord

On Thursday 25th April a Protocol of Delivery and Acceptance was signed and KL Arendalfjord was delivered by K-Line Offshore AS (KOAS) to Gard Supply AS in Tønsberg, Norway. KL Arendalfjord was delivered from …
May 14, 2019 /  Vessels
Värde and Landbridge Announce Sale and Lease Back of VLCC

Värde and Landbridge Announce Sale and Lease Back of VLCC

Värde Partners, a leading global alternative investment firm, and Landbridge VLCC International (Landbridge), a Hong Kong-based subsidiary of Chinese industrial company Landbridge Group, yesterday announced a sale …
May 9, 2019 /  Vessels
Navios Maritime Acquisition Corporation Announces $103.2 million Sale and Leaseback Transaction

Navios Maritime Acquisition Corporation Announces $103.2 million Sale and Leaseback Transaction

Navios Maritime Acquisition Corporation (Navios Acquisition) (NYSE:NNA), an owner and operator of tanker vessels, announced today that it has completed a $103.2 million sale and leaseback transaction (Transaction) for …
Apr 18, 2019 /  Finance
Diana Shipping announces sale of Panamax dry bulk carrier Erato

Diana Shipping announces sale of Panamax dry bulk carrier Erato

Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership of dry bulk vessels, yesterday announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement …
Apr 16, 2019 /  Vessels
New World Supply Ltd sells four platform supply vessels

New World Supply Ltd sells four platform supply vessels

New World Supply Ltd (NWS), where SDSD has an ownership of 34.4%, has completed a sale (Transaction), with a well known and reputable counterparty, of its remaining four medium-sized platform supply vessels (PSVs). The …
Apr 15, 2019 /  Vessels
Scorpio Bulkers Inc. Announces Sale and Leaseback Agreements for Two Dry Bulk Vessels

Scorpio Bulkers Inc. Announces Sale and Leaseback Agreements for Two Dry Bulk Vessels

Scorpio Bulkers Inc. (NYSE:SALT) (Scorpio Bulkers) announced today that it has agreed to sell and leaseback two Ultramax vessels (SBI Libra and SBI Virgo) to an unaffiliated third party.   Upon completion, which is …
Apr 8, 2019 /  Vessels
Navios Maritime Acquisition Corporation Announces the Sale of One VLCC for $21.75 million

Navios Maritime Acquisition Corporation Announces the Sale of One VLCC for $21.75 million

Navios Maritime Acquisition Corporation (Navios Acquisition) (NYSE: NNA), an owner and operator of tanker vessels, announced yesterday that is has sold the oldest vessel of its fleet, the C. Dream, a 2000-bult VLCC for …
Apr 2, 2019 /  Vessels