Shipping
NYK orders lightweight-cargo tonnage
Japan’s Nippon Yusen Kaisha (NYK) is planning to order 10 special-design panamax bulkers dedicated to trade lightweight cargoes such as grain, woodchip pellets and soybean meal to Asia. The 70,000-dwt vessel has been drawn up by Japan’s Oshim...
2010-11-23 07:33:16
China: To wipe out ‘zero’ freight
On 19th November, China’s Ministry of Communications convened a meeting in Shanghai. The government emphasized that the non vessel operating common carrier (NVOCC) must provide shipping service at reasonable freight level. The government defined...
2010-11-23 01:59:46
China Shipping to order 4+2 bulkers
China Shipping Development Company Limited, which is subsidiary company of China Shipping Group, announced last Friday that they intended to order four 180,000dwt bulk carriers, totaling $220m. The announcement showed China Shipping Development Co...
2010-11-23 01:59:08
SITC: To buy 20 ships by 2013
As China’s No.3 container shipowner, SITC International Holdings Company Limited recently issued operation report, which indicated that in the past ten months the company’s container transport volume hit 1.11m TEU, rising by 14.8% against that of...
2010-11-23 01:58:21
Greek invest $6.4bn in 231 newbuilds
Undeterred by repeated warnings of a future oversupply of vessels, Greek shipowners ordered a whacking 231 ships totalling 25.9 million dwt in the first 10 months of this year, according to newly released data. Taking into account some deals comp...
2010-11-22 08:18:39
SCI buys 29 ships for Rs6,000 crore
The Shipping Corporation of India (SCI), which is coming up with a follow-on public offer (FPO) opening November 30, plans to invest Rs6,000 crore for acquisition of 29 ships by 2012. A part of the FPO mop-up worth Rs1,300 crore will be used for ...
2010-11-22 08:04:40
Who orders ships?
In 2010, the shipping market seemed to have stepped out of depression and began to rebound. However, different views occurred on forecast. How will the market go on in 2011? Chairman Wei Jiafu of China’s COSCO Group said the BDI was believed to ...
2010-11-22 01:16:04
Chinese expect government support
Recently Chinese state-owned shipping giants such as China Shipping and COSCO Group were business drafting development plan for next five years. Experiencing global financial crisis, the shipping industry was stepping out of depression in these ye...
2010-11-19 10:18:15
SITC orders three boxships
Hong Kong media reported China’s SITC International Holdings Company Limited spent $57.30m to order three boxships. Obviously the fleet expansion plan was launched formally. SITC announced that SITC Development which was the group’s subsidiary...
2010-11-19 10:17:17
BDI plunges to 2,164p
With the panamax markets suffering the most this week, but a ray of hope for the capesize market, which appears to be stabilizing after days of falls, the dry bulk market is fighting for a revival. Yesterday, the industry’s benchmark, the Balti...
2010-11-19 08:16:25
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