Shipping
CSCL keeps optimistic
Fan an, Manager of Investment Department of China Shipping Container Lines Company Limited (CSCL) which is a subsidiary company of China Shipping Group, received an interview recently. He criticized current market status briefly. Journalist: What...
2010-07-23 11:24:52
STX inks $99m COA
STX Pan Ocean has penned a massive coal contract with a compatriot energy company worth $99m. The South Korean diversified shipowner will transport 10 million tons of coal over the next 10 years for Korea South-East Power Co (KOSEP). The first sh...
2010-07-23 08:21:46
PST upbeat on box sector
Pacific Shipping Trust (PST) expects the container shipping business to continue to improve this year. PST, which owns 12 boxships placed on long term charters, noted the recovery of container freight rates had continued well into the second quar...
2010-07-23 08:17:28
Azerbaijani to order tankers
Azerbaijan State Caspian Sea Shipping Company intends to place an order for the construction of new oil tankers with the following main characteristics: Purpose A self-propelled oil-loading vessel of the first restricted area of navigation, designed ...
2010-07-22 08:25:25
Box rebound could weaken
Recovery in the container shipping market could be derailed by a record number of containership newbuilding deliveries, Alphaliner warns. A whopping 200,000-teu of fresh capacity is set to hit the water this month, taking the total figure for new...
2010-07-22 08:17:08
NOL orders 10+2 at DSME
Singapore-based Neptune Orient Lines (NOL) is splashing out $1.2bn on 12 containership newbuildings at Daewoo Shipbuilding & Marine Engineering (DSME), it confirmed in a late announcement to the city’s bourse. NOL revealed its plans to build th...
2010-07-22 08:10:54
COSCO establishes modern ‘Silk Road’
‘COSCO is establishing a complete network including ports, logistic centers and railways. In this way, COSCO is able to transport Chinese goods to Europe. The trade between China and Western countries will be boosted. Now, they’ve got a valuable ...
2010-07-21 09:42:52
Greek order spree unabated
There are no signs that the dry bulk freights slump of recent weeks has weakened Greek owners’ commitment to a spree of recently authored newbuilding projects, one of the country’s senior newbuilding experts said. George Banos of George Moundr...
2010-07-21 08:04:08
Korean shipowners' newbuild spree
South Korean shipowners' new ship orders jumped during the first half of the year, exceeding last year's total new order volume already. According to statistics from Clarksons and shipping industry, in the January-June period Korean shipping compa...
2010-07-21 06:53:25
FPCC to be Taiwan’s No.1
On July 14th, Chairman Wilfred Wang of Formosa Petrochemical Corporation (FPCC) visited Japan, for fleet expansion. As is revealed, FPCC’s fleet will be expanded from 45 ships to 76 ships of 8.15m dwt. It seems to become No.1 of Taiwanese bulk carr...
2010-07-20 10:06:23
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