Shipping
Toei orders reefer newbuilding
Japan's Kurinoura Dockyard has inked a newbuilding contract with compatriot Toei Reefer Line to build one reefer. The 160,000-cbf ship will be delivered by September 2011. Newbuilding price is said to be around JPY 1.7bn ($19.83m). It is Toe...
2010-08-12 07:15:17
India govt to sell stake in SCI
India's federal government plans to sell a stake in state-run Shipping Corp. Of India and trading agency MMTC through public offerings, says junior Finance Minister, Namo Narain Meena. Mr. Meena, however, didn't say how much of a stake the governm...
2010-08-11 08:20:31
Boxship orders 'Pouring Out'
As global container throughput and shipping rates recover recently, many container shipping companies are coming back to newbuilding market. World's largest shipping line AP Moller Maersk of Denmark is reportedly negotiating with South Korean and ...
2010-08-11 06:46:22
Pertamina orders six tankers
Indonesia's state-owned oil and gas firm PT Pertamina has placed orders for six tankers for about US$102 million to support its fuel distribution across the archipelago. Pertamina opened the tender three months ago and announced the winners last ...
2010-08-10 11:27:17
NITC to order 12 VLCCs
Iranian NITC said in Tehran that they gained a huge loan from Chinese banks in August of 2009, to the tune of $1.2bn. NITC intends to build 12 VLCCs in two Chinese shipbuilders. Chairman of NITC expressed that the loan mostly came from China E...
2010-08-10 01:02:36
Vinalines acquires 36 ships
Vietnamese owner Vinalines has taken over 36 vessels from debt-laden state-controlled sister outfit Vinashin, but says many are not up to scratch. The company’s chairman Duong Chi Dung told reporters: “Vinalines has taken over two transport f...
2010-08-09 08:20:29
Maersk returns to newbuilding
An insider revealed that Maersk was negotiating with Chinese and Korean shipyards on newbuilding orders. Maersk requested shipyards to quote for 10-unit 16,000TEU boxships. Maersk is clearly interested in building new generation type ship. Maersk...
2010-08-09 01:03:56
Brightoil purchases tanker pair
China’s Brightoil Petroleum Group has invested CNY1.485bn ($220m) to involve oil refining business. Recently Brightoil announced that the group splashed out another CNY897m to purchase two oceangoing tankers. The purchase money was expected to be c...
2010-08-09 01:02:55
COSCO: China’s second Navy?
General Manager Sun Jiakang of COSCO Container Lines Company Limited (COSCON) said the company’s business growth came across political obstacles in U.S.A. COSCON is a subsidiary company of China Ocean Shipping (Group) Company (COSCO). Sun said ...
2010-07-30 07:29:31
TEN buys four tankers
Greek owner Tsakos Energy Navigation (TEN) has splashed out $218m on four Korean-built panamax tankers. New York-listed Tsakos says it has snatched the 74,000-dwt World Harmony, Chantal, Selini and Salamis (all built 2009). "All four vessels were...
2010-07-29 07:23:50
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