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Latest From Sale and Purchase
Turkish shipbreakers catch a breather
The largest shipbreaking industry outside of Asia may escape from catastrophe as Turkish scrap price recovers
DryShips agrees sale of 17-year-old panamax
Delivery to the buyer, which is unaffiliated to DryShips, will be within this month
Greeks lead secondhand ship investments in year to date
Norwegian owners were the second-highest spenders, with close to $1.8bn of market purchases, ahead of Chinese owners on nearly $1.2bn
Safe Bulkers buys Japanese-built capesize bargain
Unidentified vessel becomes US-listed owner’s fourth cape as brokers point to Five Stars Fujian, auctioned in China last Saturday, as most likely candidate
International Seaways boosts cash piles despite weaker results
New York-listed owner sells four crude and product tankers for $69m during the second quarter
Greeks lift investments in shipping on back of LNG orders
Leading shipping nation on course for three-year high in spending
Jinhui agrees sale of another supramax
Delivery of the Hong Kong-flagged vessel is scheduled by August 5
Firm support for smaller boxship classes
Despite a slowdown in scrapping, fundamentals support strong valuations
Hafnia expects $19m benefit from sale and leaseback deal
The lease agreement enables Hafnia to maintain a low-cash break even
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