Shipping
‘Things can only get better’
Products tanker markets have hit rock bottom and are set for a rebound – just not for a while, according to Torm. A relatively “controlled” global tanker orderbook coupled with positive long-term market fundamentals will see products ta...
2010-11-19 07:59:05
China: to take crown in 20 years
Gao Yanming, who is Chairman of HOSCO Group, recently made a speech in a summit held in Beijing on how Chinese economy and global shipping industry would go in future. In 2009 China’s GDP reached $5.2 trillion while America hit $14.5 trillion. I...
2010-11-18 01:02:02
Wisdom Marine eyes on Handysize market
Taiwanese Wisdom Marine Lines S.A. recently held press conference to introduce the company’s operation status before listing plan launched. Chairman Lan Junsheng indicated that Handysize and Handymax ships dominated the company’s fleet. Over ...
2010-11-17 10:21:45
Secondhand S&P to reach $20bn
The secondhand S&P ships market has resumed normal service, after the halt of the final four months of 2008 and most of 2009, according to a new analysis from BIMCO’s analyst Peter Sand. According to it, 2010 is going to end with reported sales...
2010-11-17 08:09:24
A.P. Moller – Maersk earns $4.2bn
A.P. Moller – Maersk issued report on 10th that the company earned $4.2bn net in the past three quarters in the context of container shipping uptrend. In addition, the group raised its annual profit target to $5.0bn level, jumping by 25%. Last ...
2010-11-16 10:09:46
"Korea outruns China on cutting-edge ships"
Eivind Kolding, the CEO of Maersk Line in Denmark, who attended G20 business summit last week, remarked that in the sector of ship that requires high technology, Korea is still outrunning China. Maersk Line, which has already ordered ships from Korea...
2010-11-16 09:00:56
China’s first ethylene tanker comes out
On November 11th China’s first ethylene tanker, namely MV Peng Shun, finished maiden voyage from Zhenhai to Nanjing with 4000tons ethylene. Ethylene was one of the most important petroleum materials, as well as the symbol of national petroleum c...
2010-11-15 10:20:25
Seaspan: Pessimistic in short term
Gerry Wang, who is CEO of Canadian Seaspan, recently expressed in Guangzhou that Korean shipbuilders did an excellent job but they should catch the opportunity to improve the design of boxships so that the newbuilding price could be reduced further a...
2010-11-15 10:19:28
Danish storm to invest in Asia
Asia, which was regarded as the generator of global economy, was running at high speed now. As a result, Danish shipping companies eyed on huge opportunities in Asia, rushing to invest. Maersk and Dampskibsselskabet NORDEN A/S were Denmark’s lar...
2010-11-12 10:30:05
Capacity control becomes common target
During World Shipping Summit held in Guangzhou China of November 9th 2010, the attendants constantly think that the pressure from overcapacity or oversupply would exist for a long time. As a result, the capacity control should be everyone’s respons...
2010-11-11 11:13:39
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