6 stories mentioning TPE:2605Updated 16m ago
Every FINWIRES story that references TPE:2605, newest first.
Sincere Navigation (TPE:2605) unit Norley's Majestic Bloom agreed to acquire an 81,770-deadweight tonnage Kamsarmax bulk carrier for $38.5 million.The 2019-built vessel will be acquired from MTO Maritime, according to a Wednesday Taiwan Exchange filing.The acquisition is intended to expand Sincere Navigation's fleet, with delivery expected between late November 2026 and February 2027.
Sincere Navigation (TPE:2605) unit Norley will inject a combined $82 million into two subsidiaries, Claymore and Gifted Works, for vessel acquisitions.Norley will inject $41 million in cash into each subsidiary, according to a Friday filing.Norley will retain 100% ownership of both subsidiaries following the capital injections.
Sincere Navigation's (TPE:2605) subsidiary, Norley Corp., will inject around $41 million in Potter Grand, according to a Friday filing with the Taiwan Exchange.The capital injection will be used for vessel acquisition, the shipping company said.
Sincere Navigation (TPE:2605) unit Norley agreed to acquire a 109,475-deadweight-ton Aframax crude tanker built in 2016 for $41 million.The vessel will be acquired by Norley's subsidiary Claymor from KMARIN No.17E S.A., according to a Wednesday Taiwan Stock Exchange filing.The charter is expected to run until August 2029, with an option to extend it for one year through August 2030.According to a separate same-day filing, Norley's unit Gifted Works agreed to acquire a 109,258-deadweight-ton LR2 tanker built in 2016, for $41 million.The vessel will be acquired from Kmarin No. 17F S.A. The charter is expected to run until November or December 2029, with an option to extend through December 2030.Both acquisitions are for fleet expansion, the international dry bulk shipping company said.
Sincere Navigation (TPE:2605) subsidiary, Potter Grand, has agreed to acquire a 109,258-deadweight ton Aframax crude tanker for $41 million, according to a Wednesday filing with the Taiwan Exchange.The vessel is being purchase from KAMRIN No. 17D and will be leased back to it under a bareboat charter to maintain existing operations.The charter runs until 2029, with an option to extend by one year to June 2030.
Sincere Navigation's (TPE:2605) Singapore unit will sell the very large crude carrier (VLCC) "Maxim" for $82.5 million, according to a Monday Taiwan Exchange filing.The 296,888-deadweight-ton vessel will be sold to Mediterranean Shipping.The transaction is expected to be completed between January and February 2027, and is projected to generate a disposal gain of about $9.8 million.The sale is part of the marina transportation company's vessel replacement strategy, it said.
