Shipping
Boxship: Demand surpasses supply
According to Clarkson statistics, in this year the container trade volume of Asia-Europe route and Pan Pacific route will increase by 15% and 12% respectively. That means the demand will surpass supply. However, cautious attitude should be kept. I...
2010-09-16 08:38:07
Owners invest $1.57bn to buy ships
Despite the fact that usually the month of August is a slow one for the maritime industry in general, this time around, it wasn’t the case, as can be demonstrated by the intense activity reported by shipbroker Golden Destiny in the sale and purchas...
2010-09-16 08:25:09
NYK inks BHP Billiton deal
NYK has secured a long-term iron ore transportation contract with mining giant BHP Billiton, the shipowner said Wednesday. The twelve-year contract is due to start in 2013 and will involve the annual transportation of around 2.7mt of iron ore. NY...
2010-09-16 08:15:01
Lorenzo commits to fleet renewal
Magsaysay led Lorenzo Shipping Corporation will replace two to three vessels a year up to 2014. Lorenzo’s fleet include Lorcon Cagayan de Oro, Lorcon Davao, Lorcon Zamboanga, Lorcon Visayas, Lorcon Cebu, Lorcon Manila and the youngest Lorcon Dumagu...
2010-09-15 08:34:08
Wan Hai top performer
Wan Hai Lines was the most profitable liner operator in the first half of 2010, according to a survey by a top industry consultancy. The Taiwanese liner operator pipped industry stalwarts such as Maersk and CMA CGM to the top spot figures compile...
2010-09-15 08:24:13
Cosco head optimistic on 2011
Improved global economic conditions and an influx of investment cash will make 2011 “a good year” for shipping, reckons Cosco boss Wei Jiafu. Renewed confidence in markets is likely to make the fourth quarter a peak period for liner companies...
2010-09-15 08:22:21
Tanker outlook worsening
Very large crude carrier rates are set to average just $31,500 per day in the fourth quarter as a rapidly-growing fleet and reduction in tonne-mile demand prompts increased spot market competition. High US crude and distillate inventories are of p...
2010-09-14 08:27:08
Navios purchases seven tankers
Latest sources showed Piraeus-based Navios Maritime Acquisition Corp (NNA) expressed that they purchased seven large tankers from private shipowners at $587m. Those tankers have been chartered by several private or state-owned oil companies. The o...
2010-09-14 01:05:28
18,000TEU Ultra-Large Boxship Coming
Shipyards are discussing constructing boxships of 18,000 teu as owners focus on greater economies of scale. The container industry is looking at building even larger ships, says Germanischer Lloyd (GL). Owners are discussing with yards 18,000...
2010-09-13 07:15:16
Viken newbuilds chartered to Transpetro
Norway's Viken Shipping has concluded a massive charter deal with Petrobras-controlled shipping subsidiary Transpetro. The Brazilians are set to take five aframax shuttle-tanker newbuildings from Tom Steckmest-controlled Viken for between five an...
2010-09-13 07:07:20
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