ship sales

BIMCO To Begin Work On Its New Sale Agreement In January

Over the last months, BIMCO has been working together with legal and commercial experts on how best to shape the new Ship Sale Agreement, taking into consideration that the COVID-19 pandemic has changed the world and the way the industry conducts business to adapt, reports BIMCO.

BIMCO’s Objectives

While it would be easy to mirror the structure and content of sale and purchase agreements that have been around for decades, BIMCO’s objective is to create a contract that clearly, fairly, and...

https://mfame.guru/bimco-to-begin-work-on-its-new-sale-agreement-in-january/

Shipping Industry Buoyant by Ship Sales and Deals

  • Ship owners are active both in the newbuilding and the second hand market for ships over the past week.
  • According to its latest weekly report, shipbroker Banchero Costa said several sales took place in the dry segment during the week.
  • Although several countries such as Singapore, Hong Kong, etc. imposed stricter rules for crew change and this may affect future transactions.

A recently published news in the Hellenic Shipping brings out the positive trend in the shipping industry with ship...

https://mfame.guru/shipping-industry-buoyant-by-ship-sales-and-deals/

Euronav sells 2005-built VLCC

Antwerp, Belgium, headquartered Euronav NV (NYSE: EURN) reports that it has sold the 2005-built VLCC TI Hellas for $38.1 million. A capital gain on the sale of approximately $1.6 million will be recorded in the current quarter.

The vessel will be delivered to her new owners at the end of May after completion of the current voyage.

Euronav says it considers regular fleet rejuvenation as an important function of vessel management and providing quality services to clients. Since the beginning of...

https://www.marinelog.com/shipping/euronav-sells-2005-built-vlcc/