Shipping
Leros mulls no cancellation
Greece’s Leros Management recently announced the prices of its ten newbuildings on order had slumped by $130m. Beyond all people’s expectation, the owner expressed no intention of cancellation or delivery delay, showing optimistic views and co...
2010-02-24 09:51:20
China expanding national VLCC fleet
China Changjiang National Shipping (Group) Corporation (CSC) has finished 42 laden voyages safely by February 22th 2010, namely transporting 65m-barrel import crude oil. With CSC’s expansion of VLCC transport capacity, it will become an importan...
2010-02-24 09:49:24
Odfjell acquired MR from SLS
Odfjell has entered into an agreement with SLS Shipbuilding Co Ltd, Korea, to acquire one 51,000 DWT IMO 3 product tanker. The agreed price is about USD 33.5 million. The vessel is scheduled for delivery med of April 2010.
2010-02-24 09:12:35
Dry bulk market 'waiting stance'
Hot on the heels of last week’s positive trend, the Baltic Dry Index kept its momentum Monday, although one could maintain that in reality, the dry bulk market seems to be on a waiting stance, with all eyes turned to China. This factor is expected ...
2010-02-24 08:25:33
Over 140 boxships canceled
More than 100 containership orders have been cancelled outright, and at least two dozen converted to other vessel types, as efforts to slow fleet growth start to produce results. Latest Alphaliner figures indicate that containership cancellati0n...
2010-02-24 08:14:49
Orderbooks dwindle on global recession
Orders for new ships have dwindled since the end of 2008 because of the global recession, a surplus of newly commissioned ships and cancellations, according to a report by SSY Consultancy & Research Ltd. The order book for bulk carriers has decli...
2010-02-23 08:20:30
Petrobras orders disappointing
A Brazilian state-owned oil company, Petrobras' tens of trillions of KRW (tens of billions of USD) order, which had been an issue among Korean shipbuilders to bring a jackpot last year, has turned out to be a kind of 'hype and hoopla' for Korean ship...
2010-02-23 07:08:37
Shanghai to become maritime hub
China is building up a formidable fleet but it will need to develop its support services especially in the key areas of maritime law and shipping finance if it is to establish itself as a global maritime powerhouse. Shanghai correspondent Neil Co...
2010-02-22 13:11:49
Thomas Schulte Enters Eco-Zone
Thomas Schulte, one of Germany’s largest shipping groups, recently announced in Hamburg that it would voluntarily enter International Convention for the Safe and Environmentally Sound Recycling of Ships, namely Hongkong Convention. The group has...
2010-02-22 11:50:28
SCI reviving fleets expansion
State-owned Shipping Corp of India (SCI) is looking to buy kamsarmax bulkers and is reviving plans to purchase capesizes and VLCCs. According to company director Kutty Sekhar Nair, it plans to acquire four kamsarmaxes either as newbuildings or secon...
2010-02-22 10:07:50
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