Shipping
STX wins Indian coal deal
Korean bulker owner STX Pan Ocean has clinched an Indian coal-carrying contract. The company said it will transport 10m tons a year for Indian Coal & Oil Co. It will carry the coal from Indonesia, it added, without revealing a contract price. ...
2010-05-04 07:18:31
Dry bulk JV to order newbuilds
A joint venture forged by Western Bulk and Alterna Capital is eyeing acquisitions in the dry bulk sector. The Connecticut-based private equity outfit says the alliance is hunting at least four bulkers between 30,000 and 60,000 dwt. "We have a min...
2010-05-04 07:08:00
Bulker orders: 15% to be cancelled
Around 15% of the dry bulk orderbook will be “completely cancelled” as Chinese greenfield yards face closure due to lack of financing, according to US investment bank Cantor Fitzgerald. Restricted access to credit for less-established shipown...
2010-05-03 08:29:36
ClassNK surges past 170m gt
The world’s largest ship classification society, ClassNK, has seen its register surge past 170 million gross tons (gt). The achievement makes ClassNK the first class society in the world to have more than 170 million gt under class. ClassNK’s...
2010-05-03 08:27:35
NSC reshuffles boxship orders
Agreements have been made that will see a Hamburg-based owner cut back its intake of boxship newbuildings. Roberto Echevarria appears to have steadied his NSC newbuilding juggernaut, although it appears that a series of 12,800-teu boxships ordere...
2010-05-03 07:26:59
Kristen pays for cancellations
The Greek shipping company, Kristen Marine, has been ordered to pay “breakage” costs of more than $15m over a series of four handysized bulkers that were ordered from China's Jiangsu Eastern Shipyard but cancelled before construction. The com...
2010-04-30 08:26:48
ABS yet to position itself for 21C
The ABS-classed fleet passed the 160m gt mark during the past quarter thanks to deliveries from a “very robust orderbook”, ABS chairman and ceo Robert D. Somerville told the Annual Meeting of Members this week. At end March the fleet stood at a r...
2010-04-30 07:37:33
Chinese Loss Contest?
By April 27th the annual reports 2009 of Chinese state-owned shipping tycoons have all been issued, which sounded like a Chinese loss contest. The amount of these reports comes up to 1,668. A few days ago, China Shipping Container Lines Compan...
2010-04-30 02:00:10
CSG prepares for fluctuation
Li Shaode, President of China Shipping (Group) Company, said the market was stepping to uptrend, especially in Europe and North America routes. But fluctuation still exists as a threat in upcoming days this year. According to 1st quarter statistic...
2010-04-29 10:11:02
Taiwan big 3 set up JV
Considering efficiency and cost-saving, as well as the deadline single-hull tanker, Taiwanese CPC Corporation, U-Ming Marine Transport and Chinese Maritime Transport (CMT) intends to establish a joint venture oil tanker corporation. If everything ...
2010-04-28 09:58:32
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