Page 40: of Maritime Reporter Magazine (August 1994)

BY THE NUMBERS

RECENT SHIP SALES

This report, compiled by Shipping Intelligence, Inc. — a New York maritime consulting firm — tracks sale prices of secondhand bulk carriers and tankers.

Data Vassal

Noma

Typo DWT Yaar

Built

Sala $ (millions) 7/4 7/4 6/27 7/4 7/4

Bor

Diana Island

Princess Castle

Arishima

Starlight Success

Bulker

Bulker

Bulker

Bulker

Bulker 12,046 16,574 20,800 21,289 21,362 1975 1980 1984 1982 1984 $1.35 $4 $8.6 $7.8 $8.5

Marbonita

Rema

Ocean Lucky

Grand Unity

Clare

Bulker

Bulker

Bulker

Bulker

Bulker 21,764 22,069 23,979 23,987 24,492 1982 1974 1979 1981 1983 $9 $2.95 $6.2 $7.4 $7.5 7/11 7/11 7/11 7/11 7/11

J Emma

Sirinada

Green Laker

Ga Chau

Sanko Heart

Bulker

Bulker

Bulker

Bulker

Bulker 26,598 26,641 28,358 29,552 33,024 1985 1974 1987 1977 1984 $13.2 $3.6 $13.2 $5.8 $12.9 7/4 6/27 7/4 6/27 6/27

City of Port Louis

Lombard

Rich Way

Cavalier

Almerinda

Bulker

Bulker

Bulker

Bulker

Bulker 36,850 38,930 39,000 43,385 43,426 1984 1977 1990 1983 1982 $13 $7.25 $20.4 $13.6 $8.25 7/4 6/27 7/4 7/11 7/11

Costas Konialidis

Tirol

Capricornus

Paros

Norsk Barde

Bulker

Bulker

Bulker

Tanker

Tanker 58,370 65,112 61,779 30,328 31,450 1981 1976 1978 1972 1976 $11 $6.4 $4.9 $2.5 $5.6 6/27 6/27 7/4 7/11

Torm Herd is

Eitrheim

Puertollano

Bloom Lake

Tanker

Tanker

Tanker

Tanker 39,977 40,157 152,277 281,794 1988 1985 1978 1991 $21.5 $17.8 $5.9 $51.5

For further information, contact: Shipping Intelligence, Inc., 25 West 43rd St., New

York, N.Y. 10036, tel: (212) 997-0966.

Canadian Pacific Acquires

Cast

Canadian Pacific Ltd. announced that it had reached agreement in principle to acquire the container shipping business of The Cast Group

Ltd. as a going concern. Comple- tion of the transaction is subject to a due diligence review and the con- sent of the relevant regulatory au- thorities.

Closing is expected to occure on or before October 31.

The acquisition will evidently strengthen Canadian Pacific's po- sition in the North Atlantic con- tainer trade, where it is already a significant force through its owner- ship of Canada Maritime.

Canada Maritime Limited is a

Bermudian-registered shipping company, 100 percent owned by

Canadian Pacific Ltd., a Canadian transportation, energy, real estate and industrial group.

The following charts indicate the company's current fleet, as well as that of the fleet of Cast.

Tanker & Combined Tonnage

Sold For Scrapping

No. 1992

M.Dwt No. 1993

M.Dwt to date 1994

No. M.Dwt 10-200,000 91 5.41 97 4.86 33 2.19 200,000+ 25 6.15 27 6.53 18 4.51

Comb. Car. 13 1.58 11 1.31 14 1.53

Totals 129 13.14 135 12.7 65 8.23 /Source: INTERTANKO, Fearnleys A/S, Oslo)

NEW ORDERS

Shipyard

Ship type

Main engines DWT Owner Delivery

Imabari

Shipbuilding

Container

Carrier #513

Hitachi

B&W 7S50MC 18,500 Ching And Son

Maritime, S.A.,

Taiwan

June 1995

China

Shipbuilding

Container

Carrier #595

Hitachi

B&W 7S50MC 18,500 Ching And Son

Maritime, S.A.,

Taiwan

May 1995

China

Shipbuilding

Container

Carrier #596

Hitachi

B&W 7S50MC 18,500 Cheng Lie

Navigation Co. Ltd.,

Taiwan

July 1995

China

Shipbuilding

Container

Carrier #597

Hitachi

B&W 7S50MC 18,500 Ching And Son

Maritime, S.A.,

Taiwan

Sept. 1995

China

Shipbuilding

Container

Carrier #598

Hitachi

B&W 7S50MC 18,500 Ching And Son

Maritime, S.A.,

Taiwan

Nov. 1995

Hindustan Shipyard

Ltd. (India)

Bulk

Carrier 9,925 hp @ 106 rpm 42,750 M/s. Mideast (India)

Ltd.

N/A

Hindustan Shipyard lid. (India) (vessel designed by S

Passenger/ (2)6L35MC cargo ship zezecin Shipyard, Poland)

N/A M/s, A&N N/A

Administration 1Source: Maritime Reporter & Engineering New: larged company becomes one of nation's largest tank barge com nies with 130 barges and 34 t boats. Coastal Towing creates ne; 250 new Texas jobs in the tran; tion and grows from 250 employ to 500.

Coastal Towing is a privately ] company that owns and oper towing vessels and tank barge transport petroleum products a the Gulf Coast on the U.S. in river system.

Canmar Europe 1,800 1970

Canmar Ambassador 1,800 1971

OOCL Bravery 1,800 1970

CanmarTriumph 1,800 1979

Canmar Victory 1,000 1979

OOCLAssurance 1,000 1979

Canmar Spirit 800 1971

Canmar Venture 800 1971

Canmar Valiant 800 1971

Canmar Glory 1,000 1979

Canmar Conquest 1,000 1979

Buxmerchant" 1,300 1982

Barbarossa" 1,050 1982

Newbuilding I 2,200 1995

Newbuilding II 2,200 1995

Carnival To Build First 100,000-Ton Sh

Carnival Cruise Lines announced that it will build the world's first 100,000-gross-registered-ton ship, to be built by Italy's Fincantieri Ship- yard. The not-yet-named ship is scheduled for delivery in the fall of 1996.

Originally announced as a 95,000- grt vessel last year, CCL's spokes- man Bob Dickinson said the esti size was based on the gener rangement plan and other pr nary engineering documents, then, we've fleshed out the spec the ship in much greater deta based on the information cur available, the final tonnage isc\ to exceed the 100,000 mark."

Ships owned or operated by Canada Maritime

Ship Till Built e 1,800 197 r 1,800 197 y 1,800 197 h 1,800 197 y 1,000 197 e 1,000 197 t 800 197 e 800 197 t 800 197 y 1,000 197 t 1,000 197

Buxmerchant ** 1,300 198

Barbarossa " 1,050 198 1 2,200 199

I 2,200 199 "temporary charters to be replaced shortly with 1,000 TEU ships.

Ships owned or operated by Cast

Ship TEU Built

Cast Beaver 1,500 1984

Cast Husky 1,500 1982

Cast Muskox 1,500 1982

Cast Otter 1,500 1982

Cast Polarbear 1,500 1982

Cast Elk' 1,900 1987

Cast Lynx * 1,900 1988

Cast Bear * 1,900 1988

Cast Wolf * 1,900 1989 * These ships will replace the conbulkers in 1994.

Coastal Triples Barge,

Doubles Towboat Fleet

Coastal Towing, Inc., Houston, has acquired a fleet of towboats and double-skinned inland tank barges from Ingram Ohio Barge Company, a subsidiary of Ingram Industries Inc., of Nashville.

The transaction nearly triples

Coastal's fleet of barges and doubles its fleet of towing vessels. The en- 20 Maritime Reporter/Engineering News