Shipping
GL issues first EEDI certificate
Hapag-Lloyd has received the first-ever Energy Efficiency Design Index (EEDI) certification to be issued by classification society Germanischer Lloyd. The EEDI certificate is for the 8,750 TEU containership Vienna Express and was issued in accord...
2010-09-07 08:41:02
BDI approaches 3,000p mark
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a high, as a result of increased iron ore buying from Chinese steel mills. The industry’s benchmark, th...
2010-09-07 08:36:05
Hellenic mulls newbuilding
Hellenic Carriers could be in the hunt for more tonnage after letting a kamsarmax newbuilding option slide. Fotini Karamanlis, the Greek bulker owner’s chief executive, has, however, ruled out chasing capesize buys. London-listed Hellenic h...
2010-09-07 07:07:12
Seabulk buys supramax resale
Oslo-based Seabulk is expanding its fleet of supramaxes buying a fourth ship under construction at Dayang Shipbuilding in China. The 53,000-dwt bulker is understood to be a resale for delivery on 28 September and set to be named Skomvaer. Deliver...
2010-09-06 07:07:44
Shipping pain to last
John Fredriksen has predicted pain ahead in the shipping markets but is expecting rates for offshore drilling rigs to blossom. Speaking in Norway today the shipping magnate warned there “won’t be much money to earn” in the industry over the...
2010-09-06 06:39:46
Bulker orders impede recovery
Nason, who is CEO of Danish Ship Finance (DSF), currently expressed in Copenhagen that he could not understand the new round of dry/bulk cargo ship orders at the beginning of this year. In his view, the recovery would be postponed by those orders. He...
2010-09-06 01:06:34
CSAV's plan of newbuilds hampered
Chilean line Compania Sud Americana de Vapores (CSAV)’s plans to acquire containership newbuildings have met closed doors. Banks and possible charter partners are shying away from the Chilean carrier, according to newbuilding players. Earli...
2010-09-03 12:39:26
Cosmoship switches Daesun orders
Greece's Cosmoship boss Nikos Savvas confirms the company has switched orders for four 25,000-dwt chemical tankers at South Korea’s Daesun Shipbuilding & Engineering to a pair of 34,000-dwt bulkers and two 1,040-teu geared containerships. Report...
2010-09-03 12:29:24
Dry bulk market gains momentum
The dry bulk market, as observed through the industry’s benchmark, the Baltic Dry Index (BDI), seems to be regaining its positive edge to rise to 2741 points, or by 28 points. For the most part, this increase was attributed to the rapid increas...
2010-09-03 07:12:58
GEMC sets tanker buy targets
A new Taiwanese tanker venture aims to acquire six VLCCs and a products carrier for $700m. The figure was revealed by CK Ong, president of one of its shareholders, domestic shipowner U-Ming. Global Energy Maritime Corp (GEMC) was formed earli...
2010-09-03 07:10:30
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