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Sale and Purchase
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Latest From Sale and Purchase
Capital Product chief taking ‘opportunistic approach’
Partnership posts improved net income from continuing operations of $8.7m for the second quarter
Navios Acquisition takes on container assets as tanker profits boom
The Navios Group tanker owner acquired seven feeder containerships, as well as receiving $8.9m in cash, following the liquidation of joint venture vehicle Navios Europe II at the end of June
Performance reaps benefit of tanker switch
The company, formerly known as Diana Containerships, now owns four aframax tankers with only one remaining panamax container vessel
D’Amico chief eyes deleveraging company
Depending on market conditions going forward, it may look to exercise purchase options on previous leaseback deals, chief executive says
Pacific Basin looks to upgrade to larger handysizes
The company says it will resume its acquisitions of secondhand vessels, which had been put on hold in the first half of the year because of dismal market conditions, if it sees ‘compelling’ opportunities
Navios Partners defends ‘prudent’ dividend cut
Navios chief executive Ms Frangou said the partnership could consider restoring a larger dividend ‘if the market recovers and has a sustainable visibility of cash flow’
Ardmore reports strong second quarter on volatile market
Ardmore recently rejected a takeover bid from Hafnia and said the benefits of consolidation in the medium-range market were being overplayed
Diana eyes further vessel disposals as losses widen
Proceeds from the vessel sales would be kept in reserve, used to pare down debt, or buy back shares, company executives said
Seaspan adds two boxships for $146m
The US-listed owner hopes the deal will increase long-term contracted revenue by more than $150m
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