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Sale and Purchase
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Latest From Sale and Purchase
Five charters were extended until 2022, four were extended until 2020
Executive chairman Ravi Mehrotra says he wants to buy another five VLCCs
Greek owner has steadily acquired boxships in its first three years but negotiations with a German bank for another four or five vessels have dragged on
Market sources say the announcement follows a failed attempt by the government-owned shipowner last year to launch an initial public offering for its gas shipping unit Pacific Gas
Tsakos Energy Navigation has struck an optimistic note in reporting its third-quarter results that showed a larger loss than a year ago, but still less red ink than some of the company’s tanker-owning peers. TEN is already tasting better market conditions, rates having shot up since the end of the quarter
Greek owner confirms sextet of recent buys for dry bulk and reefer fleet, but is looking at further diversification
Following the acquisition, Norden will have 44 MRs and 12 handysize tankers, 24 of which are owned. It also has two long range tankers on charter
Safe Bulkers has the option to periodically issue common stock to the seller for up to half the purchase price, while the rest will be financed with cash on hand
This month, handysize ships have been earning more than the larger capesize vessels, at about $10,000 per day compared with $8,300 per day
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