Page 87: of Maritime Reporter Magazine (August 1996)

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. For more information, call (212) 997-0966.

Date Vessel Vessel DWT Year Price

Reported Name Type Built (M) 7/1/96 Gem Bulker 11,848 74 $1.7 7/9/96 Aboitiz Mega Carrier 1 Bulker 12,246 75 $1.4 7/15/96 Star World Bulker 15,181 74 $2.2 6/26/96 Union Confidence Bulker 18,375 86 $8.6 7/9/96 Velimahi Bulker 18,863 77 $3.5 6/17/96 Princess Castle Bulker 20,800 84 $8.5 6/24/96 Ocean Sunrise Bulker 21,353 83 $8 6/26/96 Ken Sun Bulker 22,245 80 $5.6 6/17/96 Ionian Sky Bulker 23,200 78 $2.8 7/9/96 Khudozhnik Gabashvili Bulker 24,285 79 $2 7/15/96 Vast Jollity Bulker 24,648 77 $5 6/17/96 Nani Bulker 27,358 78 $5.3 7/1/96 Port Star Bulker 27,800 90 $14.5 6/17/96 Inger Bulker 29,212 78 $5.5 7/1/96 Hero Bulker 31,178 72 $1.7 7/15/96 Akti Bulker 33,909 71 $2.5 7/9/96 Tamasos Bulker 34,750 84 $9.4 6/25/96 Martha II Bulker 41,151 84 $14.9 7/1/96 Star Centaurus Bulker 42,592 85 $14.5 7/1/96 Serenity Bulker 60,885 74 $5 7/15/96 Amapola Bulker 65,187 84 $12.5 7/9/96 Maritime Grace Bulker 71,749 90 $19.6 7/9/96 Asia Union Bulker 80,346 81 $8 6/17/96 Stainless Maya Tanker 7,575 85 $7.5 7/15/96 Infra Tanker 12,734 85 $14 6/17/96 Alfreddie Tanker 13,339 75 $5 6/17/96 Normar Sovereign Tanker 30,990 78 $7.7 6/17/96 Yuyo Breeze Tanker 39,016 85 $16.5 6/17/96 San Antonio Tanker 47,658 74 $4.5 7/9/96 A P Moller Tanker 50,600 84 $19.5 6/24/96 Bright Sprout Tanker 60,963 83 $16 6/17/96 Caripe Tanker 61,404 81 $9.9 6/17/96 Urimare Tanker 61,570 81 $8.8 6/17/96 Ras Lanuf Tanker 88,331 74 $4 6/25/96 Barbro Tanker 135,000 88 $36 7/1/96 Atheras Bay Tanker 140,044 77 $3.9 6/24/96 Antinea Tanker 146,097 89 $33.5 6/24/96 Bridgeton Tanker 407,323 77 $11.3

Kvaerner Signs $200 M Contract

With Attica Enterprices

Pictured is an artist's rendition of one of the Superfast ferries to be built for Attica by Kvaerner

Masa-Yards.

Kvaerner Masa-Yards

Inc. and Attica

Enterprices SA have signed a contract worth $200 million for the building of two

SuperFast car/passen- ger ferries to be named

SuperFast III and Superfast TV. They will be built at the Kvaerner

Masa-Yards' Turku New Shipyard, for delivery in 1998.

The vessels will be slightly larger than the two existing SuperFast fer- ries, and will operated in the Greece/Italy market.

For more information on Kvaerner Masa-Yards

Circle 17 on Reader Service Card

ASRY Names New Chief Executive

October.

Mr. Al-Khateeb joined ASRY as board secretary and legal adviser in 1974, before the yard was inau- gurated in 1977. In 1984, he was named managing director of ASRY-

MAR, ASRYs wholly owned mar- keting company, a position he will retain.

Mr. Al-Khateeb was appointed deputy chief executive of ASRY in

January 1995, and the company has decided not to fill this position following his appointment as chief executive.

At a board meeting on June 18, the directors of Arab Shipbuilding and Repair Yard Co. (ASRY) appointed

Mohamed M. Al-

Khateeb to the position of chief executive officer, effective immedi- ately. The former

CEO, Hans Frisk, will reportedly act as an adviser until the end of his con-

Al-Khateeb tract period in

Circle 330 on Reader Service Card

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