CSC shows optimism in rolling market [Shipping]
Zhu Jun, General Manager of China Changjiang National Shipping Corporation (CSC), recently said the recession of foreign trade rolling transport market was considered to end with recovery of western and Japanese automobile economy. With powerful p...
2010-04-07 10:18:26
SINOSURE supports Dalian Shipbuilding [Finance]
China Export and Credit Insurance Corporation（SINOSURE）recently signed strategic cooperation agreement with compatriot shipbuilder Dalian Shipbuilding Industry. During global financial crisis, SINOSURE is the sole Chinese institute for export ...
2010-04-07 10:16:19
Laid-up boxship fleet falls [Shipping]
Idle containership numbers dwindled once again over the past couple of weeks and will continue to drop off over the next month, Alphaliner says. Laid-up capacity has fallen to 8.9% of the global fleet having been stuck above one tenth for much of...
2010-04-07 08:25:48
Shipbreaking breaks $500 barrier [General]
Demolition prices have broken through the psychological barrier of $500 per ldt following the sale of an LPG carrier. Indian breakers paid $510 per ldt, or $3.4m, for MC Shipping’s 15,000-cbm Barnes Bridge (built 1982), say US cash buyers GMS. ...
2010-04-07 08:24:17
Brazil yard up for sale [Finance]
If you want to get into the Brazilian shipbuilding industry making a bid on the shipX auction site could be your golden opportunity. But you will need to have deep pockets to begin with as a more than eBay sized offer is required if you are going...
2010-04-07 08:23:06
Massive boxship deliveries loom [Shipping]
Containership newbuilding deliveries will hit a post credit crunch high this month and will continue to surge throughout the present quarter, Alphaliner warns. A massive 150,000-teu of fresh capacity will spill out of shipyards during April as ne...
2010-04-07 08:19:18
Tsakos confirms drillship plan [Offshore]
Greek shipowner Tsakos Energy Navigation (TEN) has confirmed its plan to buy at least one drillship from its parent company. "We will buy one first which will happen in the next month," chief executive Nick Tsakos said Tuesday. Tsakos Group has o...
2010-04-07 08:18:07
Q1 newbuilding orders top 164 [Shipbuilding]
Falling prices saw more than 164 newbuildings, including some 100 bulk carriers, contracted at shipyards around the world in the first quarter of 2010, with South Korea receiving more than half all orders. The orders included deals for some 25 new ...
2010-04-07 08:15:35
Dannebrog cancels SLS newbuilding orders [General]
Danish shipping group Dannebrog has cancelled orders for two medium-range chemical and oil tankers with South Korea’s SLS Shipbuilding due to extensive delivery delays and financial problems at the shipyard. The 45,000 dwt chemical and oil tank...
2010-04-07 08:13:37
Financial risks emerge [Finance]
As Sungdong Shipbuilding & Marine Engineering of Korea is set to sign a debt agreement with its main banks, investors' confidence in shipbuilding industry, so-called orders-intaking industry, cooled quickly; Industry's risk exposed. Shipbuilding stoc...
2010-04-07 07:21:20
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