General
Secondhand bulker sales jump 85%
Secondhand bulk carrier sales increased 85% in August compared with July, as an improved dry bulk chartering market saw optimism return to the sale and purchase sector, according to Greek broker Golden Destiny. The Baltic Dry Index rebounded in Au...
2010-09-17 08:43:51
Sembcorp wins $31m jumboization
New Zealand’s KiwiRail is spending NZD 42.3m ($30.96m) to expand the 12,600-gt ro-pax Aratere (built 1998) ahead of next year’s Rugby World Cup. The jumboization will see the ship cut in two and a new middle section inserted, as well as a new...
2010-09-17 08:37:29
CMA CGM executive to retire
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
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
Boxship demand to exceed supply
Clarksons forecasts Far East to Europe trades will grow by 15% and transpacific route by 12% in 2010 Demand for containerships is set to exceed supply in 2010, with the key Far East to Europe trades forecast to grow by 15% this year, and transpac...
2010-09-15 08:26:40
Chinese to purchase Brazil's OGX
An insider revealed that Chinese national energy giants, namely China National Offshore Oil Corporation (CNOOC) and China Petroleum and Chemical Corporation (Sinopec) intend to splash out $7.0bn to purchase 30% stock and partial asset from Brazilian ...
2010-09-15 01:04:37
China's first deep-water drilling platform
Yantai CIMC Raffles Offshore this month saw the completion of sea trials for its first semi-submersible drilling platform "COSLPioneer". The platform, built for client China Oilfield Services Limited (COSL), is also the first deep-water semi-subm...
2010-09-14 08:29:02
Sembcorp wins $82m boost
Sembcorp Marine subsidiary Sembawang Shipyard has emerged victorious in a battle to bag a batch of upgrading and repair contracts worth S$110m ($82m). Singapore-listed Sembcorp says New Zealand-based ferry player Interislander led the pack in a S...
2010-09-14 08:10:08
China beats Korea in August
According to Clarkson statistics, in August global newly-built ships were signed at 7.07m dwt, namely 34.4% month-on-month decrease. In the past four months, the monthly new orders exceeded 10m dwt consecutively. Chinese shipbuilders took 4.6...
2010-09-14 01:04:39
Hellenic Shipyards sale delayed
German engineering group ThyssenKrupp and the Greek government are again locked in talks over the future of Hellenic Shipyards, after a solution for the future of the yard had seemed certain on Tuesday. Athens on Tuesday initialled the 25,000-page...
2010-09-13 08:07:28
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