Shipping
NYK Back To Ordering
One of the world's largest dry-bulk operators says it is ready to start ordering again following an 18 month hiatus. In an upbeat overview of the market, Hidenori Hono, director at Japan's NYK, told Japanese financial daily Nikkei that newbuilding...
2010-03-23 08:15:40
ELAA merging into WSC
Last Sunday the European Liner Affairs Association (ELAA), whose headquarter is located in Brussels, announced it would merge into the World Shipping Council (WSC) lying in America. The merging plan will be valid on July 1st 2010. ELAA will retre...
2010-03-22 14:41:12
Jinhai delivers Grand China Cape BC
Zhongji Shipyard, a subsidiary of China’s Jinhai Heavy Industry, delivered a 176,000-dwt bulker to compatriot Grand China Logistics on March 17th 2010. Global financial crisis hit numerous shipbuilders and shipowners. Meanwhile, new power is eme...
2010-03-22 12:41:57
Orient Overseas suffered $400m loss
Orient Overseas (INT’L) recently announced the group’s revenue in 2009 dived by 33% with loss of $400m. Mr Dong Jiancheng, Chairman of Orient Overseas (INT’L), said if current idled transport capacity rushed into market again, price war will...
2010-03-22 11:47:36
Evergreen In Talks To Order Boxships
Taiwan's Evergreen Line is talking to yards at home, in Korea and Japan to buy as many as a dozen new boxships of between 7,000 and 8,000 teu in size. "Evergreen is discussing with Japanese, South Korean and Taiwanese shipyards," a local quoted c...
2010-03-22 08:15:18
Gulf Stolt Takes SLS Tankers
A substantial price reduction was achieved on a quartet of chemical tankers from beleaguered Korean yard SLS Shipbuilding, joint owner Gulf Navigation has claimed. The Dubai-based outfit and joint venture partner Stolt Nielsen are to get their ha...
2010-03-19 08:26:19
China Controls Ship S&P
On March 16th, Ministry of Transport of People's Republic of China (MOC) announced ‘Regulation on Control of Ship S&P’ will be valid as of April 1st 2010 in China. On March 24th, MOC and Shanghai Shipping Exchange will convene international sh...
2010-03-18 12:41:44
Idled Box Tonnage Back
According to AXS-Alphaliner, the idle fleet has been further reduced over the last two weeks, from 495 vessels of 1.24m teu to 474 vessels of 1.22m teu (9.3% of fleet capacity) currently. AXS-Alphaliner expects lower idle count going forward, as ...
2010-03-18 07:37:59
Petrobras inks LPG pair
Petrobras has reportedly chartered two AP Moller-Maersk-owned LPG carriers on long-term time charters. Brokers say the Brazilian oil major has fixed a 38,000-cbm midsize gas carrier and a 80,000-cbm very large gas carrier (VLGC) from the Danish s...
2010-03-17 12:20:31
Upbeat forecast for box and dry
Owners of container and dry bulk vessels face brighter short-term prospects than those in the tanker sector, with operators of very large crude carriers unlikely to see any improvement in the market until 2012. Pointing to improved fortunes for b...
2010-03-17 08:20:28
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