Shipping
Ofer idles capesize
Sammy Ofer’s Zodiac Maritime is heading a line of owners refusing to trade capesize vessels in the present depressed market. Zodiac has two capesize bulkers at anchor off Singapore but it insists the vessels have not been laid-up. A source ...
2010-07-15 08:11:15
CSBC inks 14 boxships
Taiwan’s Wan Hai Lines Limited intends to splash out $639m to order 14 boxships from compatriot CSBC, which are scheduled to be delivered from late 2011 gradually. Wan Hai has confirmed the news. Originally Wan Hai had ordered 12 ships last year...
2010-07-14 14:36:39
Capesize lay-up rumor
Rumours are beginning to circulate that capesize owners are considering laying-up ships following a plunge in freight rates. A capesize was fixed at just $18,000 a day yesterday as the Baltic Dry Index dropped for a 32nd consecutive day. Martin S...
2010-07-14 07:21:04
SLS 40K PC resale
Newly-listed Scorpio Tankers has been tied to the purchase of a products tanker resale in South Korea in a deal which would push its post-IPO spending past $200m. Scorpio has paid $34m for the 40,000-dwt vessel, which is set for delivery from Shi...
2010-07-14 07:18:07
Evergreen shows optimism on market
Vice President Xie Zhijian of Evergreen Group recently said that the Asian container shipping market might show uptrend next year regardless of Europe's sovereign-debt crisis. Xie indicated that by last Monday the idle boxship fleet still reached ...
2010-07-13 09:59:04
VLCC to boost in 2010
The recovery of Eurozone slows down. Chinese economy is kept on highway but it is decelerating. IMF speculated that Eurozone would become the weakness due to Europe's sovereign-debt crisis, whose growth rate of this year was expected at 1.0% and 1.8%...
2010-07-13 09:58:09
Comming up Sweet Spring
With freight rate climbing, the shipping market has shown sign of booming. Shipowners started a new round of fleet expansion. However, experts warned that the market was still very fragile while people should keep caution. The shipping industry t...
2010-07-13 09:57:20
OOCL rate increase continues
Orient Overseas Container Line (OOCL) plans a second rate increase in a month on its Southeast Asia to Australasia trade. From 1 August rates from Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, the Indian Subcontinent a...
2010-07-13 08:14:27
Nanjing tanker earns in Q1
As a listed enterprise, China’s Nanjing Tanker Corporation, whose profit was just CNY4.23m ($0.62m) in 2009, recently announced the company earned $11.9m in 1st quarter for shareholders. Nanjing Tanker Corporation expressed their optimism on 20...
2010-07-12 09:59:33
Boxship delivery hit new high
According to Alphaliner statistics, global boxship delivery hit 88 units from April to June 2010, which hit new high of quarter delivery, namely 440,000TEU. In the past two weeks, global idle boxship fleet also kept shrinking due to great demand i...
2010-07-12 09:57:43
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