Shipping
Boxship prices surge
According to Clarkson statistics, last year the average price of a five years old 1700TEU boxship was around $14m, which was just 50% of that in 2007. However, in last quarter of this year, it increased by 26%. Referring to Alphaliner statistics,...
2010-07-29 07:11:06
Bourbon sells 16 bulkers
On July 22nd Paris-based Bourbon announced it would sell 16 bulk carriers to American Genco. The transaction totaled $545m. Meanwhile, Bourbon intended to invest $2.0bn to become a global marine service supplier in 2015. On Bourbon’s schedule...
2010-07-28 10:00:36
DP World throughput up
“Better than expected” first half volumes should see terminal operator DP World post a larger six-month net profit. The UAE-based port giant still expected full-year results to be in line with previous expectations as Asian and Australian mar...
2010-07-28 07:45:05
Only 53 single hull VLCCs remain
London-based Gibson issued report showing that as deadline came close only 53 single hull VLCCs were still operating, occupying 10% of global VLCC fleet. In this month two units single hull VLCCs were conversed to dry/bulk cargo carriers in Chines...
2010-07-27 10:12:56
Evergreen triggers bloodier fight?
As is reported earlier, Taiwanese Evergreen Group formally triggered ‘100 boxships’ plan. Evergreen has signed contract with Samsung Heavy Industries to build 10-unit 8,000TEU boxships. The ‘100 boxhips’ plan is valued around $5.5bn totally. ...
2010-07-27 10:12:33
Cape in "seasonal slump"
Clarksons is straight-batting the crash in capesize rates as nothing more than a seasonal slump – for the time being at least. Research chief Martin Stopford says declining earnings are not a surprise at this stage, suggesting the falls fit...
2010-07-27 07:41:24
Greek buys Sanko tanker
Embiricos of Greece is being fingered as the buyer of a Sanko Steamship aframax tanker. The Greek owner has paid $21m for the 96,000-dwt Emerald Queen (built 1997), brokers say. Sanko had sold the ship to a Greek company but no name was put f...
2010-07-27 07:38:58
COSCON focuses on domestic shipping
General Sun Jiakang of COSCO Container Lines Company Limited (COSCON) said more and more manufacturers were moving from Chinese coastal areas to inland provinces due to lower costs. Therefore, the group is expanding business to China’s inland area ...
2010-07-26 10:16:20
Thoresen snaps up supramax
Thoresen Thai Agencies has snapped up a supramax newbuilding from Greek principals for $34.5m, the company said Friday. The 57,000-dwt ship has been acquired from Meadway Shipping & Transport and was handed over to its new owners on Thursday. ...
2010-07-26 07:07:05
Opposite views: Up or down
Chinese big2 giants, China Shipping and COSCO, both convened mid-year meeting of 2010. COSCO showed confidence to hit new high this year while China Shipping thought the growth of economy would slow down in the second half year. Chairman Li Sh...
2010-07-23 11:25:26
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