Shipping
Containership market to revive
The global container market will return to normal within “one to two years” according to Wei Jiafu, group president and chief executive of China Ocean Shipping (Group) Company, the world’s second-largest shipping company. In an upbeat assess...
2010-05-26 06:50:12
Evergreen awaits lowest bid
Evergreen is now receiving bids for 12 8,000-teu class containership newbuilding project from shipyards, as part of its massive $5bn worth of 100-ship newbuilding program it announced earlier. Taiwan's CSBC, Japan's Mitsubishi Heavy Industries and...
2010-05-26 06:27:55
Clipper to order 30 ships
On May 21st 2010, General Manager Jensen of Bahamas-based Clipper Group revealed they intended to order about 30 ships from China, India, Japan, Korea and Germany. Most of them will be registered in Bahamas, namely Bahamas flag. Indian Siva G...
2010-05-26 01:03:37
Evergreen rebuffs CSBC’s offer
Taiwan shipbuilder CSBC’s quotation to 12-unit 8,000TEU boxships was recently refused by compatriot liner Evergreen. CSBC said a more competitive quotation would come out again next week, which shows CSBC’s ambition on the gigantic newbuildin...
2010-05-25 13:52:28
STX orders BC pair in China
Korea's STX Pan Ocean has taken over two bulker newbuildings, one capesize and a panamax, under construction at an unnamed shipyard in China, it said in a statement Monday. It said: “The purchase of the bulkers is to strengthen the company’s ...
2010-05-25 08:09:17
80% of tanker orders: Crude tankers
A flurry of activity in tanker newbuilding orders since the beginning of the year has been the norm so far, as shipowners appear more optimistic about the sector’s long-term prospects. This bullish sentiment has come hot from the heels of China...
2010-05-25 08:07:30
Wilmar orders 12 kamsarmaxes
Wilmar International, the Singapore-based trading company, looks set to order up to 12 Kamsarmaxes in China in deals worth almost $400m. The company has ordered four firm 82,000-dwt bulkers for $127.6m with deliveries expected to take place by th...
2010-05-24 07:40:53
Greek President meets COSCO chief
On May 19th 2010, Chairman Wei Jiafu of COSOS met with Greek President Karolos Papoulias. As the leader of CKYH alliance, namely COSCO, Kawasaki Kisen Kaisha, Hanjin Shipping and Yang Ming Line, Wei expressed the Chinese group would splash more in...
2010-05-24 01:40:13
STX sets up JV with Seatrade
STX Pan Ocean is looking for a larger share of the Middle Eastern market as it ties up a joint venture with the Seatrade Group. Singapore-listed STX is looking to secure additional cargoes, particularly coal, through the 50/50 enterprise with UAE...
2010-05-20 08:25:23
Navios forays into tanker biz
Navios Maritime Holdings has splashed out $171.7m to fund a previously announced 13-ship foray into the tanker market, the company revealed Wednesday. The initial payment is just a fraction of the $457.7m the New York-listed shipowner expects to ...
2010-05-20 07:42:50
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