TOP Ships Sells Fleet

Athens-based shipping company TOP Ships Inc. (Nasdaq: TOPS) has announced that it has entered into agreements to sell its fleet of six vessels to pay down debt and fund new vessel acquisitions. TOP Ships says it has struck a deal with an affiliate of the AMCI Poseidon investment fund to sell its six shipowning subsidiaries, which own the company’s six vessels, for an … [Read more...]

German Steelmaker to Sell Luxury Yacht-Building Arm Blohm + Voss – REPORT

Germany's ThyssenKrupp In Talks To Sell Civil Shipbuilding Operation Blohm + Voss to U.K Private Equity Firm Citing Overcapacity, Low Orders FRANKFURT (Dow Jones)--German industrial conglomerate ThyssenKrupp AG (TKA.XE) is in exclusive talks to sell large parts of its Blohm + Voss shipbuilding business to U.K. private equity fund Star Capital Partners, the Financial … [Read more...]

Teekay sells remaining 49 percent interest in Teekay Offshore

Hamilton, Bermuda - Teekay Corporation (Teekay) announced today that it has agreed to sell its remaining 49 percent interest in Teekay Offshore Operating L.P. (OPCO) to Teekay Offshore Partners L.P. (Teekay Offshore) for a total price of $390 million. OPCO currently operates a fleet of 33 shuttle tankers (including five chartered-in vessels), four Floating Storage and Offtake … [Read more...]

General Maritime Corporation announces sale of Aframax and Suezmax Tanker

General Maritime Corporation (NYSE: GMR) announced today that it has completed the sale of the Genmar Princess, a 1991-built Aframax tanker, to an unaffiliated third party, generating net proceeds of $7.5 million. The Company also announced it has entered into an agreement to sell the Genmar Gulf, a 1991-built Suezmax tanker, in a separate transaction with another unaffiliated … [Read more...]