Shipping
Wan Hai: Oversupply 'potential risks'
Zhou Baizhi, who is general manager of Wan Hai Lines Limited, said the ocean shipping routes entered off-season. The freight rate was shocked. In spite of cut-throat competition, the growth of Asian trade still crowned of the world. In this quart...
2010-10-13 01:14:31
Sembcorp pens long-term Carnival deal
Singapore’s Sembcorp Marine has bagged a lucrative long-term contract from cruise giant Carnival Corp for maintenance work. The contract for the yard group’s subsidiary Sembawang Shipyard comes hot on the heels of other deals sealed recently w...
2010-10-12 07:59:09
New orders jump: Tankers & Bulkers
Global newbuilding orders shot up by 200% in the first nine months of 2010, figures from Clarksons show. Both tankers and bulkers saw a surge in the number of new contracts placed, with China, South Korea and Japan predictably the main beneficiar...
2010-10-12 07:22:43
To grow through fluctuations
How the shipping market will go is a hot topic, especially entry into post-crisis period. ‘Regarding the shipping market in future, I think it will develop through fluctuations while the rectilinear rise is not so realistic,’ said Wei Jiafu w...
2010-10-12 01:02:33
Abu Dhabi owner eyes $400m expansion
Abu Dhabi's National Petroleum Construction Company (NPCC) is to invest over $400 million to expand its fleet of marine vessels, the company's ceo said last week. "NPCC awarded two anchor handling tugs to Lingshan Shipyard in China. The first anch...
2010-10-11 07:27:12
Canada: Tax reduction on foreign ship purchase
Jim Flaherty, who is Canadian Finance Minister, said on October 1st that to set up modern fleets, Canadian government was considering tax exemption partly on foreign ship purchase, as much as 25%. The policy would be issued and become effective in ...
2010-10-11 01:34:21
Supporting Greece to buy Chinese
China’s Premier Wen Jiabao recently visited Greece in October. The two countries exchanged views on global hot issues and reached several agreements, enhancing strategic parternerships. Wen Jiabao said China and Greece were both ancient civiliz...
2010-10-11 01:33:00
BDI moves higher
Despite the absence of China from the dry bulk market as a result of a weeklong National Holiday, the dry bulk market and more specifically the industry’s benchmark, the Baltic Dry Index (BDI) has kept its positive momentum throughout the week, end...
2010-10-08 08:01:08
"Crisis is over", JR Shipping
Dutch feedership specialist JR Shipping is claiming its financial crisis is over. The Harlingen-based company has reached an agreement with investors and banks to secure its future of its CV (limited partnerships) companies that until recently fa...
2010-10-08 07:55:03
Greeks not buying tankers
An absence of Greek buyers in the tanker sale-and-purchase market kept deals at a premium last month. Only the sale of six aframax tankers to IPO hopeful Groton Pacific kept the market ticking in an otherwise uneventful period, according to Greek...
2010-10-08 07:39:26
Start  Prev  431  432  433  434  435  436  437  438  439  440  Next  End