Brightoil has recouped $201.6m from the disposal of three very large crude carriers and one aframax in June, and is expected to recover another $230m-$250m from the sale of the remainder of the fleet

Higher earnings at Navios Acquisition were partly offset by a $4.4m increase in interest and financing cost, and a $3.5m increase in depreciation and amortisation because of a fleet merger

Update: D'Amico International Shipping of Italy also sheds product tanker from a joint venture

Samudera will pump in some of the funds from the sale to fund a potential investment in a company that provides shipping services on domestic Indonesian routes

Two tankers to join the existing company fleet of four container vessels comprising two post-panamaxes and two panamaxes

Mr Jones’ expertise on past and current freight rates, and ability to undertake valuation work will prove valuable, with HFW’s Singapore office handling an average of 200 to 250 ship closings a year

Hong Kong-based company operated an average of 230 smaller-sized bulkers in the first half of the year. It owns 115 vessels

The Nasdaq-listed company cools on a deal to acquire a second new panamax containership this year against a background of rising revenues 

“It is strategic to modernise our fleet and keep the age down,” says Eagle Bulk’s chief executive Gary Vogel