Shipping
China Shipping is waiting to scoop up vessels
Mr. Li Shaode, the President of China Shiping (Group) Company (China Shipping) said on January 13th shipping industry has not yet bottomed out, and the company is waiting for the chance to scoop up vessels as well as other small shipping companies. H...
2009-01-19 16:11:48
Maersk A/S obtains necessary approval for acquisition of Bro...
A.P. Møller - Mærsk A/S has now received the clearance from the European competition authorities for its acquisition of Broström AB (publ). No other approvals are required to complete the offer and all conditions are consequently fulfilled. Th...
2009-01-16 14:26:04
Containership rental price will drop this year
Clarkson Research Services (CRS) has recently said, the container transport volume will still show growing tendency in 2009 despite the intrusion of the global economic crisis, however, it also warned that the rental price of container ship will face...
2009-01-15 22:53:17
China’s shipping industry has not yet bottomed out
At the ‘World Shipping (China) Summit 2009’ held in Shanghai on January 13, 2009, Guoqing Zhang, Associate Director at the Policy Research Office of the Ministry of Commerce of the People’s Republic of China said that China’s trade surplus is...
2009-01-15 17:07:51
Boxship players in crisis
Container shipping is facing its worst year ever, with even the biggest lines not safe from the risk of collapse. That is the bleak assessment of industry prospects from Drewry Shipping Consultants, which has downgraded its traffic numbers for 20...
2009-01-15 07:41:26
Dry bulk market shows signs of early recovery
With the Dry Bulk Index (BDI), which tracks the cost of hauling commodities like iron ore and coal, posting a healthy number of consecutive upward sessions, optimism seems to be returning at the dry bulk shipping sector, which has been plagued by the...
2009-01-15 07:36:16
Nobody orders boxship: Q4 2008
According to marine consulting firm, AXS-Alphaliner, there were no containership newbuildings ordered in the fourth quarter (October-December) of 2008. "It is the first time in the last two decades that no containership orders were recorded in a w...
2009-01-15 07:15:49
CSG to set up shipping firm with Shougang
China Shipping and major Chinese steelmaker Shougang Concord Steel have agreed to establish a joint shipping company. The projected joint venture will engage in the transportation of steel products from China to Southeast Asian markets. The joint...
2009-01-14 09:54:56
Cherry-picking charterers seek shorter deals
Maersk Broker said “cherry-picking” charterers would focus on period deals of around 12-24 months for the rest of 2009, as they replaced expensive ships with modern and cheaper supramax and panamax bulk carriers at daily rates of around $10,000 t...
2009-01-14 07:08:44
World’s containership shipping capacity will exceed 14 mil...
France’s shipping advisory organization AXS-Alphaliner pointed out on the recent report published in Paris, current total shipping capacity of containership worldwide has already reached 13 million TEU which includes the shipping capacity of 550,00...
2009-01-13 15:42:57
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