DryShips Receives Fourth VLGC

Greek drybulk shipper DryShips has received its fourth very large gas carrier (VLGC).

Built by Hyundai Heavy Industries, the newbuilding can carry liquefied petroleum gas (LPG) and will be chartered to an oil company for a period of ten years. The shipper values the charter income at up to USD 103.8 million.

DryShips paid USD 83.5 million for the vessel. The purchase was financed by cash, undrawn liquidity and equity transactions.

Dear Valued customers
Please be advised that the U.S. East Coast is experiencing a severe winter storm and our New York warehouse is currently suspended receiving any cargo until January 8th. Also take into consideration that all East Coast ports and U.S Customs facilities are also closed. We apologize for any inconvenience. We will reschedule upcoming delivery accordingly.
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​​Busan Port reported the highest cargo turnover in 2017

F​or the last 141 years the 2017 was the most successful for South Korea. The container cargo volume surpassed the  20 million TEU mark. Busan Port Authority (BPA) have organized the celebration of the record and set a goal for further growth in 2018 and becoming a global port corporation in future. The port's budget has been increased by 10% and, in addition, port has invested over USD $48.5 million into development project aiming to attract tourists and USD $97.5 million for a new container pier construction. BPA is actively working on job creation and intends to introduce a new energy strategy, which will help to prevent air pollution

Austal Building Ferry for SNC Aremiti

Australian-based shipbuilder Austal Limited will construct a passenger catamaran ferry for SNC Aremiti of French Polynesia.

The ferry's seating capacity will be 620 passengers, with a garage able to hold up to 30 motorbikes, small vehicles and cargo.

The construction of the 49-meter vessel will begin in 2018 at Austal Philippines. The delivery is scheduled for July 2019 and the ferry is expected to be used on the Papeete – Moorea route. It will be the fifth ship which Austal has delivered to French Polynesia since 2002.

The contract is worth AUD 30 million (USD 23.4 million). “This order from SNC Aremiti caps off an incredibly successful year for our international commercial ferry business. We have added eight new vessels, worth more than AUD 380 million, to our order book in the past 12 months,” Ben Marland, Austal VP Sales & Marketing, said.

AuctionExport Holidays Schedule

Dear clients,
Please note that AuctionExport office will be closed on Monday January 1st, 2018. Regular working hours will resume on January 2nd. 2018.  
If your matter is urgent and you require immediate assistance please email info@auctionexport.com and someone will get back to you as soon as possible.
Thank you and Happy New Year!