News

Norway’s Ocean Yield has acquired 2016-built 37,300 cbm ethylene gas carrier Navigator Aurora from Navigator Holdings for $69.75m net of seller’s credit. The vessel will be bareboat chartered back to Navigator for a period of 13 years, in a deal which includes options for the charterer to acquire the vessel back. Navigator Aurora is operating on a sub-charter to Borealis, transporting ethane from US to Europe, until December 2026.

UK-based Anglo International Shipping has snapped up the 98,000 dwt Jo Jin Maru (built 2012) for $20m, broking sources tell Splash. The ship was purchased from its close Japanese friend Kambara Kisen, who it bought a one year older sister ship from in August 2018 for a million more.

The Seaboats brokerage, based on the Isle of Man, is now trying to sell two ice-class multipurpose vessels that RAL contracted in 2013 at the Polish yard Remontowa, but since refused to take delivery because they were heavily delayed, so that the yard now put the ships up for sale The two sister ships "Agnethe Arctica" and "Jonathan Arctica" are on sale for 12 million Euros each. The "Agnethe Arctica" is ready for delivery one month after a sale, while it takes three months to complete the "Jonathan Arctica." The British brokerage house CW Kellock started selling the two ships six months ago, but found no interests. The cancellation of the vessels led to a long legal and financial dispute between the Royal Arctic Line and the Polish shipyard whihc has now been resolved without the details being disclosed. The two 74-meter container vessels wer ebuilt for DNV ice class PC5.

Singapore’s Hoe Leong Corporation has announced a proposal to sell AHTS vessels Arkstar Eagle 1 and Arkstar Eagle 3 to Allianz Offshore Ship Management for $1.7m in total. The sale is expected to generate net proceeds of about S$2.3m ($1.66m), while resulting in a net loss on disposal of about S$3.15m ($2.28m)

H-Line Shipping of South Korea is back in the market, sniffing at capesize candidates. H-Line has offered $16.3m and fixed terms for the 176,000 dwt Cape Aria from Cyprus’s Universal Tanker Management. The deal comes with a three-year time charter attached.