Star Bulk Carriers in 16 vessel swoop
APRIL 20, 2018 — Athens, Greece, headquartered Star Bulk Carriers Corp. (Nasdaq: SBLK) reports that it has agreed to acquire 16 vessels from entities affiliated with Augustea Atlantica SpA and York Capital
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OSV operators start scrapping more vessels
MARCH 27, 2018 — VesselsValue reports that operators of offshore service vessels are beginning to scrap an increasing number of older vessels, with year-to-date scrapping rates increasing by 153 percent on the
Borr Drilling set to acquire Paragon Offshore
FEBRUARY 22, 2018 — Consolidation in the jack-up market continues. Tor Olav Troim’s Borr Drilling Limited is set to acquire Houston-headquartered Paragon Offshore. Borr has received commitments from holders of 67.9% of
Jackup rig values rise on oil recovery
JANUARY 26, 2018 —Rising oil prices have increased interest in secondhand for jack-up rigs, pushing asset values up 36 percent from a year ago, according to data compiled by VesselsValue. VV’s Fixed
Tanker, bulker orders rise in first half
JULY 25, 2017—While the number of orders for new vessels declined in the first half of 2017 as compared with 2016, the number of bulkers and tankers order rose, according to data
Scorpio to acquire Navig8 products tankers through merger
MAY 24, 2017 — Scorpio Tankers Inc. (NYSE:STNG) reports that it has entered into definitive agreements to merge with Navig8 Product Tankers Inc. (NOTC: EIGHT) and acquire its 27 operating product tankers.
OSV fleet’s DCF value is 2.5 times its market value
MAY 8, 2017 — The global OSV fleet’s Discounted Cash Flow (DCF) value is currently $79.9 billion, or 2.5 times higher than its current market value of $30.9 billion, according to VesselsValue
Frontline spat with DHT moves to the Marshall Islands
APRIL 27, 2016 — John Fredriksen’s Frontline Ltd.(NYSE/OSE: FRO) is continuing its effort to acquire DHT Holdings, Inc. (NYSE: DHT). Should it succeed the resulting merged company would become the world’s second
Navios swoops on Rickmers containerships
APRIL 21, 2017 — Navios Maritime Partners L.P. reports that it has agreed to acquire the entire Rickmers Maritime container fleet for about $113.0 million. The news follows an April 19 statement
Strong crude exports from North Sea, GOM
APRIL 19, 2017—While overall seaborne demand for Very Large Crude Carriers (VLCC) and Suezmax tankers was down 4.6% in the first quarter of this year as compared with the previous quarter, there