Shipping
Korean single-skin ban
South Korea has confirmed its ban on overseas single-hulled tankers from 2011, while revealing more details on domestic ships. Foreign-flagged vessels will be barred from the country's ports from 1 January next year. And Korean-registered sin...
2010-10-18 07:19:18
Boxship: To turnaround next year
As reported earlier, Alphaliner indicated by the end of September, global idle fleet occupied 1.6%, namely 224,000TEU. As is revealed three-unit 4,800TEU boxships owned by Islamic Republic of Iran Shipping Lines were detained in Singapore due to fina...
2010-10-18 01:03:23
Tankers in dismal mode
Tanker chartering activities decreased in September in almost all regions. Total spot fixtures decreased 8.4% reflecting a slowdown in worldwide oil trade. OPEC spot fixtures decreased 8.7%, the drop in exports in most of the oil producing countries ...
2010-10-15 08:00:52
Marubeni enters LNG ship owning
Marubeni Corp has splashed out $700m to grab a stake in eight BW Gas LNG carriers. The investment marks the Japanese heavyweight’s first foray into LNG shipowning. In a statement Marubeni explains the octet will be transferred to a joint ve...
2010-10-15 07:49:44
NOL revenues grow
Neptune Orient Lines (NOL) has reported a fourth consecutive month of strong growth in average revenues per feu. For the four weeks ending 17 September (period nine) the figure rose by some 38% year-on-year from $2,247 to $3,104 per feu. Improved...
2010-10-14 07:58:48
Danaos not buying more boxships
Greek shipowners may be steaming in to pick up container vessels but one of the sector’s most established names will not be following suit. With a large newbuilding orderbook on its way US listed Danaos already has its hands full, CEO John Cous...
2010-10-14 07:46:54
Seanergy expands without newbuilds
Seanergy Maritime is looking to double its fleet during the next two to three years, its CEO says. But shipyards can forget about gaining a slice of the action as Dale Ploughman believes the company is too small to order new vessels. Ploughman ex...
2010-10-14 07:43:05
PST orders two bulk carriers
Pacific Shipping Trust (PST) recently purchased two new bulk carriers at $60m. An insider revealed the ships will be chartered by COSCO Xiamen Branch. As a result, PST’s fleet achieves 16 ships The ships were ordered from China Shipbuilding and ...
2010-10-14 01:17:06
VLCC: Q4 recovery muted
Huge vessel oversupply is killing off the prospect of a fourth quarter rally in the VLCC market, Arctic Securities says. Slow steaming is providing some relief but a lack of floating storage contracts is keeping rates under strain, according to a...
2010-10-13 07:56:32
BC deliveries to hit all-time high in 2012
A new report from BIMCO raises new alarming figures in terms of the continuous threat of oversupply in the dry bulk market, as a result of the high pace of new building orders. BIMCO’s shipping analyst Peter Sand says that the active fleet has ...
2010-10-13 07:50:00
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