Shipping
‘OOCL GUANGZHOU’ named at Samsung
On May 17th 2010 Orient Overseas Container Line held a naming ceremony for a 4,578 TEU boxship built by Samsung Heavy Industries. It is 14th ships during the series of 16 units. The MV OOCL GUANGZHOU was named by distinguished Li Ning, who is C...
2010-05-20 01:04:51
Panamax order surge
The recent surge in orders for panamax bulkers underlines how fast shipbuilding activity reacts to improved freight rates, says broker Barry Rogliano Salles (BRS). Jiangnan Shipyard, Hudong Zhonghua, Shanghai Shipyard and Chengxi Shipyard are amo...
2010-05-19 07:44:03
Rio Tinto behind Hanjin VLOCs
Australia’s Rio Tinto has again expanded its bulk carrier fleet, emerging as the buyer of eight, 205,000 dwt bulk carriers worth a total of $504m, ordered earlier this month at Hanjin Heavy Industries & Construction’s shipyard at Subic Bay in the...
2010-05-19 07:32:52
Recovery is coming?
The shipping community, which suffered severe blow during financial tsunami, is eager for turnaround, namely freight rising. On May 10th, BDI increased 2.74% against a week earlier, at 3707 points. It seemed to be running for new high since Decemb...
2010-05-19 01:33:18
Delivery delays key to boxship uptick
Containership delivery delays are playing a major role in helping to restore stability to the liner trades. Clarksons estimates that 60% of capacity originally scheduled for delivery in the first quarter of the year was not completed. That follows...
2010-05-18 07:32:09
Pax. becomes rising star
According HSBC Shipping Services weekly report, the demand for secondhand Panamax bulk carrier is surging, especially in Pacific and Atlantic area. The price of ten-year-old Panamax ship is even higher than that of new ones. An amazing story is sp...
2010-05-17 10:14:22
Parkroad cancels one at JES
Parkroad has axed a panamax newbuilding at JES International with the loss of half of its deposit. The Korean bulker owner and operator has, however, hung on to the last in an original series of four vessels ordered at the Chinese shipbuilder in ...
2010-05-17 07:07:20
Evergreen eyes Korean
Evergreen could turn to Korean shipyards for the first time in the Taiwanese company’s 42-year-old history for its latest order of 100 boxships, worth as much as $5bn, saying the decision would rest largely on price. “We used to build our ves...
2010-05-17 07:01:10
FPMC to be top in Taiwan
Taiwanese Formosa Plastics Marine Corporation (FPMC) announced the group intended to expand the fleet to 76 ships in three years. If the plan goes smooth, FPMC may become No.1 of bulk cargo transportation in Taiwan. Currently FPMC’s fleet inc...
2010-05-14 09:51:45
STX returns to the black
STX Pan Ocean has returned to profit in the first quarter of 2010 reversing the huge losses seen a year ago. The South Korean shipowner said net income was $18.4m versus the loss of over $70m seen in the first three months of 2009. Revenues a...
2010-05-14 07:37:24
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