Watson Farley & Williams (“WFW”) advised CMB Financial Leasing Co., Ltd. (“CMBFL”) on the US$1.1bn sale and leaseback of five 200,000m3 LNG carriers with Pure Energy Limited (“Pure Energy”), which includes pre-delivery and post-delivery financing a…
Prokopiou-backed Pure Energy Signs $1.1 Billion Sale and Leaseback Deal Read More »
The ship recycling market remained in a downtrend over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week, the ship recycling markets across South Asia and Türkiye remained su…
Ship Recycling Markets Still Downbeat Read More »
Newbuilding ordering activity has remained strong over the past week, while deals have sped up on the S&P front as well. In its latest weekly report, shipbroker Banchero Costa said that “the number of contracts reported slowed, although activity wa…
Newbuilding Spree Continues Read More »
Ship demolition activity has been subdued throughout 2024 and this will probably remain the case at least until the end of the year. In its latest weekly report, shipbroker Intermodal said that “demolition activity across all sectors has been notably s…
The Ship Recycling Conundrum Read More »
The wet markets have been facing adverse conditions so far in the fourth quarter. In its latest weekly report, shipbroker Gibson said that “crude and product tanker markets have been under heavy pressure so far in Q4, with clean West rates currently th…
Tankers: Weakness Across the Board Read More »