Shipping
Reach Subsea and Eidesvik deliver IMR vessel Viking Reach
The joint venture partners have finalised the sale of the 2009-built IMR vessel Viking Reach, with both companies reporting anticipated financial gains from the transaction.
Topic
Sale & purchase
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Bulk Carriers
Star Bulk sells 35% stake in two kamsarmaxes to Hermes
Nasdaq-listed Star Bulk Carriers has divested a 35% interest in two 2026-built kamsarmax bulkers to Hermes World Maritime, while retaining full commercial and technical management of the vessels.
Tankers
Scorpio Tankers advances fleet renewal with newbuilds and sales
Scorpio Tankers has committed $415.6m to four new VLCC and LR2 tankers while divesting older tonnage, continuing its fleet renewal programme.
Bulk Carriers
Precious Shipping continues fleet renewal with supramax sale
Thai dry bulk owner Precious Shipping has sold a 2011-built supramax and taken delivery of a new ultramax as part of its ongoing fleet modernisation programme.
Shipowners & Fleet
Secondhand Capesize values firm as buyers return to the market
Improved earnings and a limited orderbook have supported asset prices for modern and mid-aged tonnage.
Daniel OkaforAnalysis