Shipping
Seaspan orders four new tugs
North Vancouver, B.C., based Washington Marine Group member Seaspan International is splashing out on its largest tug build commitment of a single class of vessels in over 35 years. It recently signed a contract with Sanmar Denizcilik Shipyard, o...
2010-09-29 08:36:29
DNV retrofits LNG on-board a boxship
Together with DNV and other partners, DNV customer Reederei Stefan Patjens is ready to retrofit LNG on board a 5,000-TEU container vessel. When completed, this would be the very first use of LNG as fuel on board a container ship and of LNG as fue...
2010-09-28 08:25:26
Sammok-Jiangsu Eastern ink 82K BC pair
Handysize-bulker specialist Sam­mok Shipping is broadening its fleet to include kamsarmaxes. The South Korean company, which controls 10 handysizes including two owned vessels, has inked a pair of 82,000-dwt bulkers at China’s Jiangsu Eastern ...
2010-09-27 08:15:16
Boxship orders hit 55
Firm orders for new container ships total 55, adding 306,000 TEU to the global fleet since January. "The rise in ordering activity reflects growing optimism about longer term prospects for the container shipping sector as both carriers and non-op...
2010-09-27 07:10:38
Too many Handysize ships?
Hamburger-based DVB recently announced the recovery of dry/bulk market might slow down by the end of this year. The demolition volume of Handysize ships is lower than expectation, which influence shipowners’ revenue sustainably. China Shipping, ...
2010-09-27 01:12:03
Jinhai Heavy bags 25 bulkers
Grand China Logistics recently launched another ambitious newbuilding plan, to oder 25 more large bulk carriers from compatriot Jinhai Heavy Industry, totaling $1.1bn at least. An insider revealed Grand China’s fleet might reach 200 ships. It me...
2010-09-27 01:11:25
Product tankers to rebound
Norway’s Pareto Securities has revised its average product tanker rates estimates for 2012 upwards by 40%, declaring the next two years a time of recovery, as demand finally begins to exceed supply. Net fleet supply growth would hit 6.8% in 2010...
2010-09-17 08:42:28
Brightoil expands
China’s Brightoil is expanding in diversified industries, to become head of global energy shipping giant. Brightoil was established in 1993, whose business was trade and clothes. In 2008, Chairman Xue Guanglin splashed out $90m, through Energy E...
2010-09-17 01:18:21
SDIC to establish own fleet
To escape influences of compatriot shipping lines such as COSCO and China Shipping, Chinese electric power giants step up to establish their own fleets. In September, a newly built 57,000-dwt bulk carrier was delivered to China’s State Developme...
2010-09-17 01:17:14
SCFI, Derivatives? Believable?
Zhang Ye, Chairman of Shanghai Shipping Exchange, said the Shanghai (Export) Containerized Freight Index (SCFI) was believable and would speed up futures transactions of shipping industry. SCFI was invented by Shanghai Shipping Exchange and issued...
2010-09-17 01:16:22
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