Oak Maritime is looking to offload a pair of capes. Brokers tell Splash that the Hsu family-controlled company has started marketing the 2010-built , which it has as a 50:50 joint venture with Belgium’s Bocimar, with a price tag of around $27m as well as the older 2003-built fully owned Mineral...
https://splash247.com/oak-maritime-plants-cape-pair-in-the-shop-window/
China’s Brightoil Petroleum has decided to refinance its five VLCCs via a sale and leaseback deal, having failed in their attempt to offload the five vessels and an additional four aframax tankers which have been up for sale. According to shipbroking sources, Brightoil has organised a sale and...
https://splash247.com/shandong-shipping-comes-to-brightoils-rescue-with-sale-and-leaseback/
Chinese financial leasing outfit ICBC Leasing has placed an order at Zhoushan Changhong International Shipyard for the construction of up to eight ultramax bulkers. According to shipbroking sources, the order includes four firm vessels and options for another four vessels. The price for each vessel...
https://splash247.com/icbc-leasing-commits-up-to-eight-ultramaxes-at-zhoushan-changhong/
Chinese power plant coal stockpiles have climbed to approximately 83.3m tons as of the middle of this month, according to research from Commodore Research. This marks the highest level seen since February 2015 and is also approximately 17m tons (25%) more than the recent low seen back in...
https://splash247.com/chinese-power-plant-stockpiles-at-highest-level-since-2015/
China’s state-run AVIC International has announced that it is now in preliminary discussions with potential investors regarding a possible disposal of its shipping-related businesses. AVIC International Holdings mainly operates ship design, shipbuilding and ship trading businesses and controls two...
https://splash247.com/avic-international-holdings-to-dispose-of-shipping-related-businesses/
Norwegian chemical tanker operator Stenersen has placed an order at Chinese yard Taizhou Kouan Shipbuilding for the construction of two 17,500 dwt chemical tankers. Stenersen had previously ordered two 17,500 dwt chemical tankers at the yard in 2015. The second ship from that order, Sten Tor, will...
https://splash247.com/stenersen-orders-two-more-chemical-tankers-at-taizhou-kouan/
Chinese roro ship operator Bohai Ferry has signed shipbuilding contract with CIMC Raffles to construct two multi-purpose roro ships. The two ships will be chartered to the company’s newly establishment join venture Bohai Hengtong Ferry for domestic coastal cargo shipping operations. The two ships...
https://splash247.com/bohai-ferry-places-orders-for-two-roro-ships-at-cimc-raffles/
Del Monte’s shipping division Network Shipping has extended its series of fully reefer containerships at Huangpu Wenchong in China to six vessels, by ordering a further pair of 634 feu units, scheduled to be delivered at the end of 2020, according to Clarkson Research. The Tier III ships come with...
https://splash247.com/del-monte-squeezes-an-extra-pair-of-reefer-ships-out-of-huangpu-wenchong/
Evangelos Marinakis’ Capital Group has fought off keen competition from a number of his Greek counterparts to buy out a 13-year-old aframax belonging to Kenneth Koo’s TCC Group. The 106,029 dwt South Korean-built eventually sold for a price in excess of $13m. MSI values it at . Clarkson Research...
https://splash247.com/marinakis-outmuscles-rival-greeks-for-tcc-aframax/
It has emerged that last week embattled Hong Kong commodities house Noble Group sought Chapter 15 bankruptcy protection at a court in New York in a bid to shield its assets from creditors while it pursues a $3.5bn debt restructuring plan. Noble is asking a hearing to be scheduled on November 16 in...
https://splash247.com/noble-seeks-chapter-15-protection-in-new-york/