Ship For Sale

Vessels sales and purchase picks up after freight market improves

market

  Various shipbrokers observed increased interests in newbuildings and secondhand ships’ market Findings from Allied Shipbroking revealed newbuildings enjoyed improvements as 4 kamsarmaxes and 1 handysize were added in the global dry bulk orderbook. Total recorded order from January to April 2021 peaked at 52, in comparison to 36 for …

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Marine Online Reinvents Vessels S&P Business Model

Business Model

Harnessing digital transformation and reinvents business model for today’s vessel sales and purchase SINGAPORE, 14 April 2021 – COVID-19 adversely disrupted shipping; world supply chains ground to a halt by travel restrictions with numerous economies spiralling into recession. Marine Online demonstrated its resilience against the pandemic with digitalised vessel sales …

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Belships acquires two new Ultramax bulk carriers

belships

The Norwegian shipping company is expected to receive the vessels between August and September Letters of intent were signed for the acquisition of two 61,000dwt China-built vessels featuring Japanese designs. Belships will be financing the vessels through a ten-year bareboat charter structure. The contract will be signed, accompanied by a …

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Volatile light displacement (LDT) prices stall ship sales

Ship sales

Volatile light displacement (LDT) prices stall ship sales A hike followed by a drop in light displacement prices pause ship transactions An upwards pricing trend for steel surfaced in the ship demolition market early this year. Shipowners were upbeat in anticipation of tonnage sales towards recycling yards. Shipbroker, Clarkson Platou …

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Marine Online resolves a complicated chemical tanker ownership in Singapore

chemical tanker

The tanker market reportedly improved in 2019, but not without legality issues. When it concerns a partially-built vessel, it involves conceptual and contract design. Its complexity will deepen if the ownership keeps changing hands. A complicated ownership structure was resolved with the intervention of Marine Online for a partially constructed …

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Marine Online facilitated 4-vessel S&P transactions in Singapore and Indonesia

Marine Online facilitated three vessel sales and purchase transactions in 2018 in Singapore and one 5,000 DWT tanker in Indonesia respectively. A 230ft barge was transacted on hire-purchase with an option for an additional year at the buyer’s discretion. Apart from a comprehensive portfolio of services which include valuation, inspection, …

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