Singapore outfit PCL, controlled by tycoon Robert Kuok, continues to buy. This week brokers tell Splash that the active outfit has added its fourth ship of the year, laying $27m on the table for the five-year-old, 52000 dwt , a price in line with MSI’s fair market value for the Betonix-owned ship....
Singapore
DCC Bulk Transport liquidated
DCC Bulk Transport, a Singapore-based chartered bulker operator set up by the Halkiases, a Greek shipowning family, is being liquidated, less than two years since the company started operations. According to information from the Accounting and Corporate Regulatory Authority of Singapore, the status...
Jasper Offshore sells 45-year-old drillship for scrap
Singapore’s Jasper Offshore has sold its 1973-built drillship for scrap. According to rig broker Bassoe Offshore, the drillship was sold to cash buyer GMS for a price of $6.3m. The 45-year old drillship was renamed many times during its service life, and it has been stacked since March 2014....
https://splash247.com/jasper-offshore-sells-45-year-old-drillship-for-scrap/
BW Dry Cargo makes first purchase of the year
BW Dry Cargo has bought its first ship of the year, taking a capesize. BW Dry Cargo has paid Japan’s Kambara Kisen $29.5m for the eight-year , a figure in line with MSI’s fair market value of for the 179,000 dwt ship. This marks the second cape for BW Dry Cargo, a company initially founded […]
https://splash247.com/bw-dry-cargo-makes-first-purchase-of-the-year/
Carsten Mortensen resigns as BW Group CEO
BW today announced that group CEO Carsten Mortensen has resigned for personal reasons after three years in the job and flitting back and forth between Singapore and his home nation of Denmark. Andreas Sohmen-Pao, BW group chairman, commented: “Carsten and I have had a great partnership working...
https://splash247.com/carsten-mortensen-resigns-as-bw-group-ceo/
FSL Trust drops legal action against former CEO Alan Hatton
Singapore shipping trust FSL Trust has dropped legal action taken last year against former chief executive officer Alan Hatton. Hatton, who subsequently commenced a counterclaim, quit his role spectacularly in February 2017 following the high profile departures of Esben Poulsson and Simon Davidson...
https://splash247.com/fsl-trust-drops-legal-action-against-former-ceo-alan-hatton/
Triyards receives another winding up order
Offshore shipbuilder Triyards, part of Singapore’s Ezra Holdings, has revealed that an application has been filed by Hong Leong Finance in the High Court of Singapore seeking to wind up the company. A hearing has been set for October 12, and Triyards says it is taking advice on the matter. Earlier...
https://splash247.com/triyards-receives-another-winding-up-order/