Shipping
Seaspan urges ‘lighter’ ships
CEO Gerry Wang of Seaspan Corporation recently urged that shipbuilders should breakthrough the technical bottleneck of shipping capacity and carbon emission, to reduce the use of steel in shipbuilding, which may safe the cost of newbuilding and opera...
2010-06-28 01:19:11
COSCON: Pessimism on European market
Deputy Manager Chen Xiang of COSCO Container Lines Co., Ltd. (COSCON) recently expressed shipping liners had taken some measures to prevent overcapacity but they hold pessimism on European market, regardless of global container shipping recovery in 2...
2010-06-24 09:45:14
CMT: Better than expectation
‘Originally we thought the freight of bulker shipping would dive due to more rushing into market. But now we see it’s better than our expectation,’ said General Manager of Chinese Maritime Transport (CMT). He indicated that the newly built s...
2010-06-24 09:44:14
Globus snaps up kamsarmax
Globus Maritime has dipped into the sale and purchase market for the second time in three months and snapped up a kamsarmax resale. London-listed Globus will pay $41.12m for the ship, it tells investors Wednesday. Globus does not identify the ves...
2010-06-24 08:31:13
SCI to buy 60 ships
State-owned Shipping Corp of India (SCI) will buy 60 ships by 2015, according to boss Sabyasachi Hajara. The move will cost it INR 200bn ($4.35bn) The company also plans to diversify and enter into areas like shipbuilding, Hajara told the PTI news...
2010-06-23 08:20:48
Idle boxship fleet falls
Idle containership capacity continues to fall despite a flood of newbuilding deliveries. Only 380,000-teu remains in lay-up, representing 2.8% of the global fleet, compared with a peak of 12% only six months ago, Alphaliner says. Almost 70 bo...
2010-06-23 08:15:42
Greek ships shrink
The Greek-owned fleet shrank by more than 100 vessels last year, its first reduction in half a decade, a new report says. According to Petrofin Research the reversal was caused by owners scrapping smaller, older ships to fund the addition of mode...
2010-06-23 08:11:44
STX inks kamsarmaxes in China
STX Pan Ocean has joined the kamsarmax ordering frenzy with newbuildings contracted in China. It has ordered a series of kamsarmax bulkers in China in a deal announced on Tuesday. The South Korean and Singapore-listed shipowner said the newbuildin...
2010-06-23 07:42:57
COSCO bye to ‘Loss Champion’
In 2009, the global financial crisis stormed shipping market. As the largest Chinese shipping company, COSCO became Chinese shipping ‘Loss Champion’. In 1st quarter of this year, the net profit of COSCO reached CNY882m ($129m). Obviously it’...
2010-06-22 09:50:46
Russian LNG carrier deal
Sovcomflot and Russian energy giant Gazprom have moved a step closer to signing order for LNG ships for the high Shtokman gas field. The compatriot companies have signed a letter of intent to cooperate on logistics and transportation for the proj...
2010-06-22 07:34:54
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