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Dry Cargo
Capesize S&P deals dominate
Investors in the cape market threw cash on the table last week before the Chinese New Year kicked in. More…
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Dry Cargo
Polaris Shipping CEO jailed as takeover stalls and fleet culled
Polaris Shipping, one of South Korea’s largest shipowners, is enduring turbulent times, its CEO sentenced, a proposed takeover on the…
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Tankers
Vietnam’s VLCC fleet grows
Greece’s Capital Maritime and Trading has sold the youngest VLCC to be flagged under the Vietnamese flag. At the end…
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Tankers
Vintage VLCC prices edge down
Even though more than 10 rusty ladies have been reported sold this year, prices are finally coming down for vintage…
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Tankers
Former Tsakos tanker reflags to Gabon
Last week Nikolas Tsakos-controlled Tsakos Energy Navigation (TEN) put out a release that it had offloaded a debt-free elderly suezmax…
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Tankers
Angelicoussis offloads its oldest VLCC for a firm price
The Angelicoussis Group has sold a vintage VLCC for a firm price. The outfit has let go of its oldest…
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Tankers
KSS Line takes Scorpio MR tanker
In the middle of last week, New York-listed Scorpio Tankers revealed that it had sealed a deal to sell a…
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Dry Cargo
Bocimar sells modern newcastlemax
The Saverys family-controlled bulker arm, Bocimar, is taking advantage of aggressive bidding in the bulker segment in a rare deal…
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Tankers
Besiktas targets more product tankers
Besiktas Shipping is one of many family-owned Turkish owners throwing cash on the table, bidding primarily for millennium-aged tankers. The…
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Tankers
NGM Energy sells suezmax to Pertamina
Greek owner NGM Energy, one of the most active Greek owners in sale and purchase, is on the move, starting…
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Tankers
Turks pile in for more product tankers
A newly registered Turkish outfit named Canna International has emerged as the taker of one of two 2004 built long…
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Tankers
Ditas adds another tanker
Istanbul-based Ditas Shipping, a part of Turkey’s Koc conglomerate, has emerged as the buyer of the 2022-built, 14,000 dwt HZ…
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Dry Cargo
Beks flips its only newcastlemax
Istanbul-based Beks Ship Management and Trading ends the year where it started. Brokers note that the Bekmezci family has flipped its first…
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Dry Cargo
EGPN Bulk Carrier in for Bocimar cape trio
China’s EGPN Bulk Carrier has gone back to its roots adding ships in the bulk segment, securing three capes at…
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Dry Cargo
Cape sales trickle in
Cape rates have see-sawed in dramatic fashion in December, losing $20,000 last week from highs of $55,000. Cape sales have…
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Dry Cargo
Clipper sells handy to new Turkish owner
Clipper Group has sold a handy bulker to Turkey’s ZBB Bulkers. Little is known about ZBB Bulkers, a company with…
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Dry Cargo
Lila Global times market well with cape buy
Following the secondhand market closely and successfully sealing deals immediately before surging earnings has been the key success factor for…
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Tankers
Hong Kong company takes over running of Dubai tanker fleet
At the beginning of October, shipping and steel magnate Theodore Angelopoulos sold two five-year-old aframaxes for an eye-catching $70m each,…
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Dry Cargo
Hoanh Son adds sixth panamax
Privately owned Vietnamese infrastructure conglomerate Hoanh Son, a joint stock company, has added six similar-sized Bulkers since it entered ship…
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Middle East
Egyptian line makes rare resale move
Egypt’s National Navigation Company (NNC) has been revealed as the taker of a newbuilding that Croatia’s Atlantska Plovidba sold earlier…
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