Shipping
Cyprus ordered 185 ships in China
It is reported that the top 4 shipping corporations of Cyprus has ordered 185 ships in China. About 81 among them are under construction now. Cyprus has established cooperation with several Chinese shipyards, such as BSIC, New Century Shipbuildin...
2010-03-03 10:05:08
Zodiac purchases 6,000-teu ships
Zodiac Maritime is being linked to the purchase of a series of five 6,214-teu containerships from Japan’s NYK. The Ofer Group company is said to have acquired the ships for around $19m each or $95m in total, brokers say. The five ships are the ...
2010-03-03 08:14:58
Goldenport ready to buy
Greek owner Goldenport Holdings could splash out on at least four ships this year but will not be “trigger happy” with acquisitions. John Dragnis, the company’s commercial director, denied, however, that it has already doubled a supramax or...
2010-03-03 08:12:44
Hyundai into shipping service
It is said in the industry that vertical systematization of shipbuilding combined with shipping arises in earnest in Korea as well, as Hyundai Heavy Industries (HHI), the world's largest shipbuilding giant, enters into shipping industry. HHI is to...
2010-03-03 07:10:48
SFI converts ship type
Ship Finance International (SFI) says it has converted newbuilding contracts for containerships into an order for handysize bulkers. The company made the announcement in Friday's fourth quarter earnings statement. "In light of the current wea...
2010-03-02 08:12:27
KOTC to order chemical tankers
Kuwait Oil Tanker Co (KOTC) plans to create a fleet of chemical tankers to serve the expanding Middle East export market. The Middle East tanker player, which is already pushing ahead with a $1bn-plus second-phase fleet renewal, aims to acquire i...
2010-02-26 14:29:44
NYK orders 7 new bulkers
Japan’s bulker player NYK Global Bulk (NGB) has resumed newbuilding ordering activities after a hiatus of 18 months. The handysize and handymax operator has refrained from ordering ships due to high prices but has now booked seven vessels at do...
2010-02-26 14:13:40
Georgiopoulos buys six new ships
Peter Georgiopoulos has wasted no time in building up the fleet of IPO hopeful Baltic Trading which has agreed to buy two capesizes and four supramaxes in deals worth $284m. Turkey's Geden Lines has banked $140m from the sale of the four 53,100-d...
2010-02-26 08:38:10
Hyundai enters shipping?
A view that Hyundai Heavy Industries (HHI), the world's largest shipbuilder, will enter into shipping industry is reportedly considered as an overinterpretation due to insufficient fund for M&A. Choi Moon-sun analyst from Seoul-based Korea Investm...
2010-02-26 07:28:30
Odfjell owns SLS MR tanker
Odfjell has confirmed the purchase of a formerly Greek-owned MR tanker at SLS Shipbuilding. It has taken over hull S503, which was previously controlled by Eletson Corp. Oslo-listed Odfjell will pay $33.5m for the 51,000-dwt ship, which was bough...
2010-02-25 08:05:48
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