Shipping
CMA CGM sets July deadline
CMA CGM has set itself a target of the end of this month to finalise much-needed financing with external investors. The French liner company also boasted of a much-improved first-quarter result and is looking forward to an even stronger second pe...
2010-07-07 07:18:25
Taiwanese big3 to buy six VLCCs jointly
Having been approved by government, Taiwanese shipping big3, namely CPC Corporation, U-Ming Marine Transport Corp and Chinese Maritime Transport (CMT), decided to sign cooperation agreement to establish joint company with investment of TWD10bn ($310m...
2010-07-06 09:39:10
CMA CGM to sign with investors
CMA CGM Group has a few additional weeks to complete its capital increase with external investors. The discussions, which are well advanced, require the preparation of particularly complex documents. CMA CGM Group’s operational activity has ...
2010-07-06 09:32:06
Boxship orders coming
Two European players have booked two ships each in China and South Korea, respectively. Norwegian-backed Norse Management and Cosmoship of Greece have joined the handful of owners ordering containership newbuildings. Jan Petter Roed-controlle...
2010-07-06 08:24:26
Hyundai names Rickmers 13,100TEU's
Rickmers Group held a quadruple naming ceremony at HHI’s Ulsan shipyard for four ultra-large container ships (ULCS) of 13,100 TEU each. The Maersk Edinburgh (previously “Pearl Rickmers”) is the first Rickmers Group ULCS that will enter serv...
2010-07-05 08:20:11
East Sunrise purchases cancelled orders
China’s East Sunrise Group took over a resale 92,500-dwt ship named by East Sunrise88 from compatriot Yangzijiang Shipbuilding. As is revealed, the ship was originally cancelled by Italian shipowner. During market recession last year, East Sunri...
2010-07-05 02:02:02
Wisdom Marine to be listed
Chairman Lan Junsheng of Wisdom Marine Lines SA intend to be IPO listed by the end of this year. Wisdom may apply for listing next month, for diversified operations and lower risks. As is reported earlier, Wisdom has launched its fleet expansion ...
2010-07-02 09:21:17
Frontline revives canceled orders
Newbuilding cancellations in 2009 appear to have played out well for Frontline after the tanker owner returned to Jiangsu Rongsheng Heavy Industries for up to four new suezmaxes. John Fredriksen’s Frontline revealed two firm orders at the Chines...
2010-07-02 06:52:11
NK boss Ueda chairs IACS
As of July 1st, Nippon Kaiji Kyokai (NK) Chairman and President Noboru Ueda (pictured) was appointed as the new chairman of the board of directors of the International Association of Classification Societies (IACS). This is the fourth time for NK to ...
2010-07-02 06:01:25
Wisdom Marine expands fleet
Wisdom Marine Lines SA expressed the company would purchase 12 ships at excellent price, including second hand and newly-built ones. Another seven ships will be delivered this year. As fleet scale grows, Wisdom is concentrating on more stakes of glob...
2010-07-01 09:54:31
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