Rongsheng inks suezmaxes [Shipbuilding]
China’s Rongsheng Heavy Industries has won an order for up to four suezmax tankers from Central Mare Inc. Two firm 157,000-dwt vessels slated for delivery in 2013 are said to be costing in the mid-$60m range. There is also an option to build...
2010-11-01 06:57:38
Idle fleet to rise [Shipping]
Recently in spite of stable cargo volume, the freight rate was still slumping. The shipping lines had to modify operation strategy. How to prevent freight diving became a hot topic. The forwarders received notice from shipping lines gradually. Fro...
2010-11-01 01:02:48
Japanese Big 3 turn to profits [Shipping]
On October 29th, Japanese shipping lines issued report on the first half of fiscal year in Tokyo. The shipping revenue was raised sharply due to more charges during hot season and electronic products consuming rising in Europe and America. It was eve...
2010-11-01 01:02:21
China: New round shuffling starts [General]
Chairman Huang Pingtao of CSNAME said China’s shipbuilding industry was facing shuffling. In next two years, 80% of Chinese shipbuilders might consider quitting in case of order drought. The financial crisis which broke out in 2008 really shock ...
2010-11-01 01:01:49
Sungdong scores kamsarmax pair in Europe [Shipbuilding]
Korea's Sungdong Shipbuilding & Marine Engineering has reportedly won an order for a pair of 82,000-dwt kamsarmaxes from Akmar Shipping of Turkey. The newbuildings are set for delivery during the second half of 2012. A Sungdong executive decli...
2010-10-29 15:59:50
Global second hand ship sales booming [Shipping]
Global second hand ship sales market showed uptrend. According to statistics, the valuations of five-year-old Capesize, Panamax, and Handymax ships reached $56.25m, $39.30m and $31.67m. The transaction amount of second bulk carriers hit 52 units ...
2010-10-29 08:43:47
China: To pass tough time [Shipbuilding]
Chairman Zhang Guangqin of China Association of the National Shipbuilding Industry (CANSI) expressed on Shiptec China 2010 that the tough time of ship industry hadn’t passed yet. During 2012 to 2013, the situation would become worse. According ...
2010-10-29 08:17:03
Yangfan inks 57K BC quartet [Shipbuilding]
China's privately-owned shipbuilder Yangfan Group won an order for four 57,000-dwt bulkers from Turkey's Ulusoy Denizyollari. Delivery is set for the second and third quarters of 2011, but newbuilding price is yet to be revealed. It is the second ...
2010-10-29 08:12:19
Daewoo sale 'all ready' [Finance]
Concerning the sale of Daewoo Shipbuilding & Marine Engineering, the Korea Development Bank president Min Yoo-sung said on Thursday, "The preparations are enough and we are now just selecting the right timing." "We are already ready to sell the ma...
2010-10-29 08:06:56
SITC to expand fleet [Shipping]
SITC International Holdings Company Limited, which is China’s No.3 container shipping line in terms of foreign trade, currently intended to collect funds worldwide, for fleet expansion. As is known, 45% of the funds would used to purchase 15 to ...
2010-10-29 07:53:42
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