Bonyad grabs bargain capesize [General]
An Iranian player is making the most of depressed bulker values. Iran's Bonyad Shipping has taken advantage of rock-bottom bulker values to make a break into the capesize sector. The company has picked up Toyo Sangyo's 141,000-dwt Lady Madonna (bu...
2009-04-13 07:12:45
CSAV may cancel post-panamax quartet [Shipping]
The future of Chilean carrier CSAV's newbuilding portfolio is in the hands of the banks. The buzz is mounting that four 12,550-teu post-panamaxes on order for the line may be cancelled. A decision appears imminent as bankers involved in CSAV's res...
2009-04-13 07:07:58
New 250K VLOC underway [Shipbuilding]
Sources say yards in Japan, South Korea and China have been sounded out to design a new 250,000-dwt bulker specifically for the coal trades. One industry expert says the impetus has come from the world's largest mining company, Australia's BHP Bil...
2009-04-13 07:03:07
K Line halts fleet expansion plans [Shipping]
A Japanese player is rethinking plans to expand its boxship and car-carrier fleets. Japan's K Line has drawn up a plan to reduce its fleet size in response to the downturn and is rethinking its long-term expansion ideas. Containerships and car ...
2009-04-13 07:00:37
China, key for shipping [Shipping]
Despite the global recession, China remains vital to the future performance of shipping markets. Isn't it disturbing just how short our collective memory can be at times? And isn't it just as shocking how we can forget even hard-learned lessons so qu...
2009-04-13 06:56:09
China plans bigger LNG ships [Offshore]
China is considering building a large LNG carrier as the country prepares to start up a chain of new import terminals. Officials at the Marine Design & Research Institute of China (Maric) say they are working on a design of 220,000 cbm to 260,000 ...
2009-04-13 06:52:05
Wadan to win icebreakers [Shipbuilding]
Norilsk Nickel, Russia's largest mining company, is close to ordering two high-value icebreaking tankers and a large icebreaker at Germany's struggling Wadan Yards. The deal, worth an estimated EUR 350m ($461m), is being lined up by Wadan Yard's R...
2009-04-13 06:40:55
Greek owners in financing crisis [Finance]
The banking crisis has put the brakes on lending to Greek owners, according to a new report. Eight years of strong lending growth has come to an abrupt halt, while the scale of lending is forecast to decline this year. According to Athens-based Pe...
2009-04-13 06:35:30
LNG-FPSOs accelerate [Offshore]
Floating LNG is no longer the 'crazy' theory of a few years ago. At one of the first floating LNG (FLNG) conferences two years ago, an odd mix of speakers and delegates talked theory and absolutely nobody mentioned a specific project. Last week...
2009-04-13 06:29:03
The worst is over [Shipbuilding]
"The worst of the shipbuilding market is over," said Jiangsu Rongsheng Heavy Industries chairman and president Chen Qiang. He adds that newbuilding enquires have resumed but at a slower pace and in smaller numbers. He believes it will take mor...
2009-04-12 07:53:54
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