Shipping
Double-digit box growth returns
Clarksons has revised its forecast for global box trade expansion to 9.4% for 2010 and now expects a return to double-digit growth in 2011. That represents a considerable adjustment from late last year when only a very modest push back into positi...
2010-06-04 08:28:16
China debuts inland shipping report
The Ministry of Transport of People's Republic of China issued report of Yangtze River shipping 2009. This is the first official White Paper about Yangtze River shipping in China. The report analyzed on the growth of Yangtze River shipping of ...
2010-06-01 15:05:06
Palmali buys aframax resale
Leading Black Sea shipping line Palmali from Azerbaijan has signed a contract for two aframaxes at Japan’s Tsuneishi shipyard. The 107,400-dwt ships cost $60m each, with the first one due in July and the second one set for delivery in September...
2010-06-01 08:27:19
Golden not cancelling Pipavav pax.
Golden Ocean has settled its long-running dispute with India’s Pipavav Shipyard over a series of six panamax bulker newbuildings. It has agreed to construct four vessels at a price of $31m each, and convert the remaining two contracts into purc...
2010-05-31 07:22:30
Zim cuts losses
Israeli line Zim Integrated Shipping Services remained in the red in the first quarter of 2010 despite cutting ship charter costs by about a third. Losses narrowed to $82m from $119m in year earlier and $143m in the final three months of 2009. ...
2010-05-31 07:17:03
Navios snaps up Sungdong cape
Greece's Angeliki Frangou-led Navios Maritime Holdings has acquired another capesize newbuilding in what appears to be the latest in a string of distressed deals for large bulkers. The deal, which dates from last month, will see Navios paying $54m...
2010-05-28 07:38:43
NOL re-triggers idled fleet
Singaporean Neptune Orient Lines (NOL) expressed the company would re-trigger all idled ships to face container shipping demand surging. Meanwhile, NOL intended to order new ships below 10,000 TEU. Moreover, American President Lines (APL), the su...
2010-05-27 10:21:16
Cosco-Baosteel iron ore transport pact
China’s largest shipping company, China Ocean Shipping Group, has inked a three-year deal with Baosteel Group to transport iron ore from Brazil to China and undertake domestic cabotage coal shipments. The pact is part of a nine-year framework ag...
2010-05-27 08:23:09
Greek and German have equal backlogs
While the industry is still making a guess at how much of the current orderbook will actually be delivered from shipyards around the globe, Greek and German owners are running equal in terms of the value of newbuilding orders, according to Clarkson R...
2010-05-27 08:15:30
30 new ships remain at yards
Financial woes are still plaguing containership owners despite continued improvement in the sector. Some 30 completed boxship newbuildings are stacked up at shipyards around the world as struggling owners are unable to pay for them, a new report ...
2010-05-26 07:03:13
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