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Sale and Purchase
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Latest From Sale and Purchase
DSME looks to compete with Chinese rivals on technical expertise
South Korean yards being challenged by Chinese builders backed by government financing
Navios Maritime Containers buys boxship pair for $20m
Vessels to bring in about $1.5m in earnings before interest, taxes, depreciation and amortisation over next 12 months
Samsung Heavy Industries wins $226m order for an LNG FSRU
The order, for a vessel of 170,000 cu m capacity, was won from a consortium of Marubeni, Sojitz, and Pertamina
Thoresen Shipping confirms $14m supramax purchase from Songa Bulk
The 2009-built, 58,700 dwt Songa Marlin is renamed as Thor Courage
Scorpio Bulkers secures $85m loan for Golden Ocean ultramax purchases
Borrowed money to finance up to 60% of purchase price of six bulkers
Robert Bugbee sells 10% of his Scorpio Tankers shares
Sale coincides with the partial vesting of restricted shares awarded to Mr Bugbee in the 2013 incentive plan
The increasing cost of capital hurts shipowners' bottom line
Lack of bank debt and higher cost for mezzanine debt will squeeze shareholders’ returns
Golden Ocean to buy two capesize bulk carriers for $86m
Vessels to be purchased from controlling stakeholder John Fredriksen-owned Hemen Holding
Diana Shipping scraps 13-year-old panamax bulker after hull damage
Greek owner seeks insured value of $14m
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