Shipping
LNG carriers on standby reach all-time high
The number of LNG carriers on standby worldwide due to cargo shortage has reached a record-high of above 50 units. About 20% of the LNG carrier fleet has now become surplus and operators are struggling to cope with the situation. But, it is projected...
2009-03-11 08:27:39
Grain demand sends panamaxes soaring
Panamaxes have led a strong revival in bulk fortunes over the past few days. The Baltic Dry Index yesterday rose to the highest since October 9 on demand to ship South American grains. The index advanced 37 points, or 1.7 percent, to 2,262 points...
2009-03-11 07:47:50
Cido seeks to sell newbuildings at discount
CIDO Shipping is offering up to 40% discount to Taiwan’s Wan Hai Lines for two 1,800 teu containership newbuildings built by Taiwan’s CSBC Corporation. Wan Hai Lines said in a regulatory filing that it will decide whether to purchase the two boxs...
2009-03-11 07:07:58
Maersk Line to lay up 25 boxships
As many as 25 containerships could be taken out of service by Maersk Line as the market leader grapples with a collapse in demand at a time of fast rising capacity and impoverished freight rates. Maersk could withdraw vessels with a combined capa...
2009-03-10 07:44:52
Hosco to scrap ten bulkers
Chinese dry bulk vessel owner Hebei Ocean Shipping said it would scrap more than 10 older capesize and panamax vessels and replace them with newbuilding tonnage by the end of this year. Chairman Gao Yanming said that all shipowners in the dry bulk sh...
2009-03-10 07:42:13
China to import more LNG from Qatar
A senior official with China's largest state-own gas company said on Saturday that China planned to import more liquefied natural gas (LNG) from Qatar in the coming years to feed the huge demand of domestic market. Fu Chengyu, general manager of ...
2009-03-09 13:16:48
DVB warns of huge boxship orderbook
The container-shipping industry has "no magic solution" to the impending problem of an all-time-high in newbuilding deliveries. Today's orderbook is more than half the size of the container-shipping fleet and is likely to vastly outnumber ships du...
2009-03-09 11:55:46
Listed shipping firms should name charterers
Public shipping companies face calls to disclose more information about the charterers of their vessels after the freight market collapse saw bankruptcies and contract defaults dramatically cut revenues and raise risk. Exchange regulations and intern...
2009-03-09 07:18:34
Nanjing Tanker has 16 VLCCs on order
China's Nanjing Tanker Corporation (NJTC) has many more VLCCs on order than previously reported. State-owned NJTC has 16 VLCCs on order at present, all from Chinese yards, with no cancellation plans despite ongoing economic turmoil, a company source ...
2009-03-09 07:14:46
Dry bulk slump to 2011: CICC
A recent Chinese investment bank report paints a grim outlook for dry bulk shipping, suggesting the downturn will last three years through end 2011. China International Capital Corporation (CICC) has cut its year-on year-growth forecast for 2009 g...
2009-03-09 07:06:56
Start  Prev  471  472  473  474  475  476  477  478  479  480  Next  End