Shipping News
5/5/2012

Polembros linked to triple acquisition


Clients of Polembros have been busy, purchasing en bloc suezmax sisters NAUTIC & NAVIGA (2 X 150K BLT 1998/JAPAN) for $30 mill and aframax BUNGA KELANA DUA (105K BLT 1997 HYUNDAI/S.KOREA) for $8.75 million basis special & drydocking surveys due.

Meanwhile, Bright Navigation of Greece are reported to have purchased KAMSARMAX RESALE (HULL H1054) EX SPP shipyard of South Korea for $27-28 million.

Greek buyers have agreed to  pay $8.5 mill  for  coated  MR  SELENDANG  MUTIARA  (45K  BLT  1997  DALIAN/CHINA  IMO  2  LDT 11500). Same age but Korean built MR unit MAERSK  CLARISSA  (44K  BLT  1997  HALLA/S.KOREA IMO 2) achieved the firm price of $11 mill from clients of Dileton Maritime of Greece.



Shipping News

Charter rates for the largest oil tankers hauling Middle East crude to Asia rose the most in two weeks amid speculation demand to book vessels strengthened.
The Baltic Exchange began offering share incentives to brokers this month to attract more trades in dry freight derivatives on to its trading platform, which is losing money as the shipping sector slumps into a fifth year.
Ocean carriers are still paying a heavy price for not withdrawing vessel capacity between Asia and the Mediterranean since January.
A.P. Moeller-Maersk A/S (MAERSKB) Chief Executive Officer Nils Smedegaard Andersen said he’ll be forced to prolong cost cuts at the world’s biggest container line as a policy of capacity restraint fails to lift shipping rates.




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