CPC orders Handies- Ridgebury buys Suezmaxes

Mar 14 2014


In a rather lacklustre period, Taiwan-based shipbuilder, CSBC Corp, reportedly received an order to build two product tankers for CPC Corp.

The total cost of the 40,000 dwt tankers was said to be $86 mill and they will be built at CSBC’s Keelung shipyard.

The two vessels are due for delivery from the second half of 2016.

American Shipping Company (AMSC) has entered into discussions with Aker Philadelphia Shipyard (AKPS) about a potential transaction involving four MR - Hulls 025-028 - and possibly also other shipping assets.

The discussions are at an early stage and the form or content of any contract, or co-operation has not yet been decided, AMSC said.

These discussions are being conducted on an arms-length basis and are currently non-exclusive and non-binding. AMSC will announce any transaction if and when agreed between the parties.

AKPS had previously said that the company expects to build the hulls as product tankers with deliveries in 2016 and 2017 and that the company was working with several interested parties to enter into definitive shipbuilding contracts for the four product tankers and agreement for joint ownership in the vessels.

In the charter market, BP reportedly fixed the 2006-built Suezmax ‘SKS Skeena’ for 12 months in direct continuation for $19,500 per day.

Navig8 was said to have extended the 2007-built Aframax ‘Pacific Sky’ for a further 12 months at $16,900 per day.

In the MR sector, Koch was said to have taken the 2011-built ‘Silver Point’ for 12 months at $14,750 and Barbaro was believed to have chartered the 2009-built ‘Navig8 Loucas’ for six, option six, months at $14,800 per day.

As for the S&P market, Ridgebury Tankers was reported to have purchased three Suezmaxes. These were the 2007-built ‘Prisco Mizar’ for $40 mill and the sisters ‘Ice Traveller’ and ‘Ice Explorer’ for $85.4 mill en bloc.

The 1999-built Aframax ‘Elise Schulte’ was thought resold to Indonesian interests for $12.4 mill, following the failure of a previous sale. The 1999-built LR1 ‘Andre Jacob’ was thought committed to Croatian interests for $8 mill, while the 2004-built MR ‘Shimanami Sunshine’ was said to have been sold to unknown interests.

The 1989-built Handysize ‘Fulmar’ was reported sold to Pakistan for $4.5 mill, while other reports suggested her destination was West Africa.

In the demolition sector, Pakistani breakers were reported to have taken the 1991-built VLCC FSO ‘Southernpec 3’ on private terms, while the same country’s breakers were thought to have bought the 1991-built Aframax ‘Fair Spirit’ also on private terms and Bangladesh buyers were believed to have bought the 1993-built Aframax ‘Kima’ for $485 per ldt. 



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