Shipping
SwissMarine into shipowning
SwissMarine Services of Switzerland is taking the plunge into shipowning. The Geneva-based company, which until now has made a name as a freight trader in the dry-bulk sector, has emerged as being involved in a kamsarmax-bulker order in South Kor...
2010-05-10 07:27:01
Seaspan acquires MSC newbuild
A US player has added a bargain to its fleet thanks to a late delivery. New York-listed Seaspan Corp is set to acquire another panamax-containership newbuilding after Mediterranean Shipping Co (MSC) cancelled an order at a Chinese yard. The opport...
2010-05-10 07:24:43
Daebo orders kamsarmaxes
Daebo Shipping of Korea has commissioned Hyundai Heavy Industries to build two kamsarmax bulkers. An official from the bulker player confirms Daebo will take delivery of the 82,000-dwt vessels in mid-2011. “One of the reasons that attracted...
2010-05-07 13:54:31
Handymax prices jump
Values have again risen so strongly for bulk carriers that some categories have seen prices for each successive sale leap by as much as 10%-20%, with further gains expected over the coming weeks. HSBC Shipping Services highlighted the sale of Eag...
2010-05-07 08:20:47
Paragon takes optional orders
Greece's Paragon Shipping has lifted its newbuilding commitments to eight bulkers after taking up four options at Zhejiang Ouhua Shipbuilding in China. The move doubles its initial order for two kamsarmaxes and two handysizes, placed last month ...
2010-05-07 08:10:51
Panamax ship booming or declining?
The Panamax ship becomes the focus in chartering market, which triggers the charter fees rising accordingly. However, Hermann Klein, who is shareholder of GL class, said the uptrend of Panamax ship would not be kept for long-term. With his spec...
2010-05-06 11:52:50
CMA CGM to cancel orders
CMA CGM is prepared to walk away from some of its newbuilding orders as it cleans up its balance sheet and brings in new investors. The French line revealed this extreme action as it reported a loss of $1.4bn for 2009, which compared with a 2008 p...
2010-05-06 08:29:35
Wan Hai to downsize CSBC orders
Taiwan’s Wan Hai Lines has denied that it plans to further delay the delivery of 12 containerships on order at CSBC. But a senior CSBC source said the yard was in talks with the line about the possibility of reducing the size of the boxships. He...
2010-05-06 08:27:14
Petrobras signs seven PCs
Transpetro, the logistics and shipping arm of state-controlled energy giant Petrobras, has signed 15-year charters for seven product tankers. Three 45,000 dwt tankers for dirty products will be chartered from Kingfish do Brasil Navegaç&ati...
2010-05-06 08:24:41
VLCC freight up 17%
As is revealed earlier, VLCC freight rate of Middle East to Asia route has broken W100. Encouraged by this rumor, the VLCC long-term freight rate was increased by 17%. ‘We are on extremely busy condition. It’s crazy for crude oil tanker route,...
2010-05-04 11:48:34
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