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Sale and Purchase
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Latest From Sale and Purchase
Disposals should be seen in context of strategy to phase out older tonnage and repurchase stock ‘at a discount’
The US-listed company expects a sustained upturn as a result of low fleet growth and a projected higher demand for product tankers ahead of the switch to low-sulphur fuels in 2020
The lower cost of secondhand tonnage and rising demand means feedermax vessels could make a smart asset play
Germany-based Capital Liberty Invest picks up two feeder vessels formerly in the Kalkavan fleet and is looking for further growth
Despite some positive numbers for freight and charter rates during 2018, box shipping enters 2019 with little positive to look back on
The vessels that have been sold had drydocking and ballast water treatment systems due to be installed, resulting in savings for the company of $2m
The deal is expected to close at the end of the first quarter, subject to regulatory approval
Creditors have launched legal proceedings against Brightoil and its subsidiaries, requesting repayment or even winding up orders
Liquidity from the sale will help improve FSLT’s risk profile while positioning the shipping trust to take advantage of an expected market recovery
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