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Shipping
Nordic revives cancelled order
Germany’s Nordic Yards wants to finish off a containership newbuilding cancelled by Laeisz Reederei two years ago. It says conditions are now right to complete hull number 163 in Warnemunde and claims to already have several owners interested in...
2010-10-04 07:28:29
Diana buys post-panamax resale
Diana Shipping has owned up to the purchase of a new post-panamax bulk carrier. New York-listed Diana says it will pay $40.8m for the 92,500-dwt East Sunrise 88. The Jiangsu New Yangzijiang-built vessel will be renamed Alcmene when it is deli...
2010-10-04 07:24:30
Oil freight to rise
Chinese official sources showed that during 2010 to 2011 the growths of oil shipping capaciy supply were around 4.16% and 6.20% respectively. Previously Clarksons statistics were 3.5% and 7.4%. On the other hand, the demand growths were thought to hi...
2010-10-04 02:02:22
New highs always mean terrible?
Citigroup thought the major trend during 2010 to 2011 was similar to that of 2005 to 2006. In August, HSH Nordbank, the largest ship finance bank in Germany, announced they would stop new business of ship finance due to unclear forecast in coming mon...
2010-10-01 11:53:53
Container shipping steps into low tide
Hong Kong media reported that container shipping market is not optimistic next year. Morgan Stanley also expressed that the market would step into low tide after experiencing traditional hot season. The demand growth was thought to slump at 6% while ...
2010-10-01 10:46:24
Differences among giants
As is reported earlier, Chairman Wei Jiafu of COSCO Group expressed global shipping industry was fully recovering. It would become better in next two years. Maersk also said the shipping lines might cut down capacity from 4th quarter due to demand sl...
2010-10-01 10:00:47
Nuclear power for LNG carriers
Babcock International Group's Marine Division has completed a study to investigate the commercial implications of developing a nuclear-powered LNG carrier. Among its findings, the study has identified that recently updated legislation and available c...
2010-10-01 08:38:40
LR focuses on Far East
Lloyd’s Register (LR) is set to focus more of its activities on China and the Far East, its chief executive said. Richard Sadler, speaking at a shipping conference in Beijing, said that without a doubt people will see more of LR’s activities ...
2010-09-30 08:26:06
Tanker outlook: Tough years ahead
Tanker owners are in for a tough two years, but the longer term outlook is more favourable, according to a top shipbroking analyst. Gibson’s head of research Steve Christy believes that VLCC rates will certainly be higher twelve months from now...
2010-09-30 08:12:43
Odfjell cancels tankers in China
Odfjell has axed three newbuildings at a China State Shipbuilding Corp yard and delayed the arrival of three others. Oslo-listed Odfjell says it will be $30m up following a refund from Chongqing Chuandong Shipbuilding Industry after a loan linked...
2010-09-30 08:09:29
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