Shipping
Demolition of VLCCs sluggish
Demolition of single-hull (SH) VLCCs is unexpectedly sluggish. With freight rate market hovering at a historically low level and demand for converting them to large-size ore carriers and so on sharply declining, many market players are perplexed over...
2009-09-07 07:16:51
Schulte defers delivery of 10 boxships
Reederei Thomas Schulte has emerged as the latest shipowner to successfully delay delivery of its newbuildings. The German owner has successfully rejigged its containership-newbuilding program in co-operation with two Chinese yards. The move me...
2009-09-07 06:54:28
Greece, No. 1 buyer of ships
According to statistics from the Greece-based Allied Shipbroking, Greek shipowners are still the number one buyers of ships throughout the world. Greek players have invested a total of $2.3bn buying 118 ships in the eight months to August in 2009....
2009-09-07 06:30:07
VLCC orders hit 40% of existing tonnage
The global VLCC fleet has now reached 520 ships, said Frontline, one of the world's largest mid-size and large tanker owners. Meanwhile, VLCC newbuildings on firm order total 197 units, equivalent to slightly below 40% of the existing fleet. A...
2009-09-03 07:51:50
Lay-ups to increase again
The end of the peak container shipping season will swell the idle boxship fleet over the next two months, AXS Alphaliner says. And with 100,000-teu of newbuildings finished and ready to be delivered from shipyards it is feared idle capacity could ...
2009-09-02 07:48:26
Dry bulk market bullish in autumn
As the dry bulk market heads for autumn, expectations are increasing that the market will see an upswing. The charter market in August tapered off centering on capesizes due to China having made the rounds of iron ore import projects and the slowdown...
2009-09-02 07:43:31
Low-priced used bulker S&P boom
Shipbuilding and shipping industries have been going on the downside for the long haul, overlapping economic recession, financial crisis and low-demand season for shipbuilding industry. But global secondhand bulker sale and purchase market rather sho...
2009-09-02 06:43:16
1-year long boxship order drought
While there are some signs of life in terms of newbuilding orders for bulk carriers and other types of vessels, the drought of boxship orders continues with no sign of new contracts on the horizon. It is now nearly 11 months since any containershi...
2009-09-01 13:49:27
Single-hull scrapping insufficient
Scrapping of the entire single hull tanker fleet will be insufficient to stamp out over-supply in the market, a leading analyst warns. With 142m dwt waiting to roll out of the world’s shipyards the 2010 phase-out will not stand in the way of str...
2009-09-01 07:34:52
No recovery before 2010: Dry bulk
Extremely challenging operating environments for bulk operators in the first half of this year are likely to continue in the second half and into 2010, according to the head of Hong Kong-headquartered bulker operator Jinhui Shipping & Transportation....
2009-09-01 07:17:27
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