Boxship: Demand surpasses supply [Shipping]
According to Clarkson statistics, in this year the container trade volume of Asia-Europe route and Pan Pacific route will increase by 15% and 12% respectively. That means the demand will surpass supply. However, cautious attitude should be kept. I...
2010-09-16 08:38:07
Credit shortage triggers global crisis [Finance]
‘The root of subprime mortgage crisis broke out in American is credit shortage. In 21st century, the company should take more responsibilities, especially credit. The credit pushes the world economy forward.’ This is what Wei Jiafu said on Sep...
2010-09-16 08:37:31
Japanese plate demand to exceed 6m tons [Equipment]
JMB reported that Japanese plate demand will be 6.3 million tons in second half of fiscal 2010 ending Mach 2011 as the first half. As per report, the demand is expected to increase from originally expected around 6 million tons in the first half ...
2010-09-16 08:30:14
Bangladesh yards get export orders [Shipbuilding]
Bangladeshi shipbuilders, who took part in the world's biggest shipbuilding fair in Germany last week, got export orders worth million dollars as foreign buyers showed keen interest in their oceangoing vessels. Four local shipbuilders-Ananda Shipyard...
2010-09-16 08:28:09
Owners invest $1.57bn to buy ships [Shipping]
Despite the fact that usually the month of August is a slow one for the maritime industry in general, this time around, it wasn’t the case, as can be demonstrated by the intense activity reported by shipbroker Golden Destiny in the sale and purchas...
2010-09-16 08:25:09
Atwood names newbuild DP semi [Offshore]
Houston-based offshore drilling contractor Atwood Oceanics has chosen Atwood Condor as the name for its newbuild ultra-deepwater dynamically positioned ("DP") semisubmersible. The Atwood Condor remains on track for delivery from Sembcorp Marine's...
2010-09-16 08:23:03
CMA CGM executive to retire [General]
French container line CMA CGM is losing one of its key figures as Agnes Leinen is set to retire shortly. As senior vice-president of chartering and sale and purchase of vessels at one of the world’s largest shipping lines, she has a very powerfu...
2010-09-16 08:20:25
Green issues push aside safety [General]
Basic principles of shipping safety are being sidelined by the environmental agenda and undermined by poor quality training, according to one of the world’s largest classification societies. Addressing shipowning representatives in London today,...
2010-09-16 08:18:42
NYK inks BHP Billiton deal [Shipping]
NYK has secured a long-term iron ore transportation contract with mining giant BHP Billiton, the shipowner said Wednesday. The twelve-year contract is due to start in 2013 and will involve the annual transportation of around 2.7mt of iron ore. NY...
2010-09-16 08:15:01
STX wins Posco deal [Equipment]
STX Pan Ocean has landed a 20-year contract from compatriot steel giant Posco to ship coal and iron ore. The South Korean diversified shipowner is bagging $420m from the deal which is set to kick off in less than a year. STX’s deal, struck ...
2010-09-16 08:12:12
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