Boxship uptrend to continue in 2011 [Shipping]
Containership market is forecast to continue uptrend next year as fleet supply and demand situations stabilize. Daishin Securities analyst Yang Ji-hwan said eco-steaming would expand next year and sixth generation ultra-large containerships being ...
2010-11-09 15:36:43
China oil market rebounds: Not enough [Equipment]
The oil shipping market was featured with periodical fluctuations. Experiencing depression in the past three quarters, the crude oil shipping market turned around in the fourth quarters. It appeared different meanings for China’s top3 oil shipping ...
2010-11-09 11:31:31
Sinotrans orders 2+2 Capes [Shipping]
An insider revealed that Sinotrans which was Chinese state-owned giants was considering ordering more bulk carriers. Sources revealed that Sinotrans signed LOI with Guangzhou Longxue Shipbuilding to build three plus two 206,000dwt Capesize bulk c...
2010-11-09 11:01:57
Dayang: To build ships just like building cars [Shipbuilding]
According to official statistics, Yangzhou Dayang Shipbuilding delivered 34 ships in the past three quarters. The output hit 1.49m tons. It ranked 4th in Jiangsu Province. Yangzhou Dayang Shipbuilding started restructuring projects of 60k to 100k ...
2010-11-09 10:41:42
NYK orders 95K bulkers [Shipping]
Nippon Yusen Kaisha (NYK) is expanding its fleet of post-Panamax bulkers. It has just ordered three additional 95,000-dwt bulkers from Imabari Shipbuilding for delivery between 2012 and 2013. With this, NYK has increased to eight the number o...
2010-11-09 10:38:32
Chinese book 50 million dwt [Equipment]
Chinese shipbuilders received new orders totaling 50.71 million dwt until September of this year, almost three times as much as a year earlier, the China Association of the National Shipbuilding Industry (CANSI) revealed in its report on the trend of...
2010-11-09 10:34:08
VLCC delayed at Bohai Shipuilding [General]
Questions are being raised about the future of two VLCC newbuildings ordered by BW Group at Bohai Shipuilding Heavy Industry in China four years ago, following lengthy construction delays. Work on the 318,000-dwt BW Lotus and BW Peony is well adv...
2010-11-09 08:02:07
Cosco inks eight more MPPs [Shipbuilding]
Chinese heavylift owner Cosco Shipping Co Ltd (Coscol) has bumped up its multipurpose (MPP)/heavylift-newbuilding tally by eight, bringing its order total for this year to 18. Market players say the owner, which signed up for 10 ships of 27,000 d...
2010-11-09 07:58:51
ABS fleet passes 170m gt mark [Equipment]
The ABS-classed fleet has passed the 170 million gross tons mark. The latest statistics show it totaling 11,055 vessels aggregating 170.29 million gt, an increase of more than 9 million gross tons thus far this year. That makes ABS the third largest ...
2010-11-09 07:56:28
Dockwise to order $200m super ship [Offshore]
Netherlands-based Dockwise is set to build a new super ship to serve the emerging demand within the oil and gas industry for transporting equipment weighing more than 100,000 metric tons. Dockwise has been studying the feasibility of investing in...
2010-11-09 07:53:26
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