Shipping
"Three Carriages" push COSCO Shipping
COSCO Shipping has realized the long-term significance of shipbuilding for shipping growth. As a result, the group ordered 18 MPPs and heavy lifters. By the end of 2010, 12 heavy lifters and four submersible ships will enter COSCO’s fleet. The capa...
2010-06-21 10:10:50
Setaf-Saget to cancel Pipavav bulkers
Setaf-Saget will soon begin cancelling its remaining three panamax bulkers on order in India despite efforts by Pipavav Shipyard to renegotiate deals with owners. Sources close to Setaf-Saget confirm that it still intends to drop contracts for th...
2010-06-21 08:20:12
Wah Kwong eyes Chinese oil market
Chairman George Chao of Wah Kwong Maritime Transport Holdings Limited recently expressed during an interview that based on uncertainty of dry/bulk cargo shipping forecast he showed optimism on Chinese oil shipping market. Wah Kwong is negotiating wit...
2010-06-17 10:02:50
19 Suez ordered
According to Clarkson Research statistics, global shipowners have ordered 19 Suezmax tankers in the first five months of this year. The number was raised by six unit compared to the same period of 2008, namely pre-crisis level. It reflected that s...
2010-06-17 10:01:52
CMT to order six VLCC's
Taiwanese bulker owner Chinese Maritime Transport (CMT) has signed up for a tanker venture with dry cargo compatriot U-Ming. The company said its board has approved a plan to invest TWD 10bn ($309.1m) in the crude and products company, in return ...
2010-06-16 08:12:52
Gulf Nav gets $70m in refunds
Gulf Navigation is planning a new spending spree after swelling its cash reserves with refunds from cancelled newbuildings. The listed shipowner has more than $70m burning a hole in its pocket after axing two orders at SLS Shipbuilding, a stateme...
2010-06-16 08:11:32
More cargos and fewer ships?
High freight rate has arrived. But how long will it go on? ‘Currently international container shipping routes are on perfect condition, some of which even hit the highest point ever,’ said General Manager Zhang Liang of COSCO. It passed just ...
2010-06-16 01:11:20
CMG holds optimism on market
China Merchants Energy Shipping (CM Energy Shipping), a subsidiary company of China Merchant Group (CMG), recently issued mid-term prospect report of 2010. CM Energy Shipping speculated the net profit of the first half 2010 would increase by 90% ...
2010-06-15 10:01:13
NYK develops low-sulphur fuel additive
NYK reports that together with subsidiary Nippon Yuka Kogyo Co it has developed an additive (Yunic 700LS) for low-sulphur diesel fuel, to help prevent mechanical troubles in fuel-oil systems. As part of the toughening of regulations on air-quality...
2010-06-15 08:17:44
China Shipping: Rebound expectable
‘As global economy recovers gradually, the shipping market will show turnaround clearly. But considering Europe's sovereign-debt crisis, maybe some fluctuations will emerge in the second half of this year. In addition, the demand and supply of the ...
2010-06-14 09:51:34
Start  Prev  451  452  453  454  455  456  457  458  459  460  Next  End