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Evergreen’s trick?
Experts believe that Evergreen released the news of 100-unit newbuilding boxships because the group could gain the maximum benefit from the price battle among shipbuilders. In early April, Zhang Rongfa, who is President of Evergreen Group, reveale...
2010-04-20 09:23:11
Seven Seas cancels supramax again
Seven Seas Carriers of Bergen has cancelled a second supramax bulker at Yangzhou Dayang Shipbuilding in China. It was reported in December that the contract for the first unit had been cancelled. Managing director Christian Sundt says a cance...
2010-04-20 08:17:47
Safe orders two kamsarmaxes
Safe Bulkers has penned two kamsarmax newbuildings in China less than a month after raising nearly $80m from shareholders. Polys Hajioannou-headed Safe will pay $32.2m each for the 82,000-dwt ships. Loukas Barmparis, president of Safe Bulkers, sa...
2010-04-20 08:12:35
Frontline buys VLCC trio
Norwegian tanker owner John Fredriksen is said to have splashed out $320m on a trio of VLCCs. Frontline has paid between $105m and $106m each for the 321,000-dwt pair Andromeda Glory and Callisto Glory (both built 2009), sources say. Another $110...
2010-04-20 08:09:31
OOCL takes ‘LONDON’
On April 13th 2010, Orient Overseas Container Line (OOCL) took delivery of MV LONGDON from Samsung Heavy Industries (SHI). OOCL and SHI have signed series orders from November 2000. MV LONGDON is the fifteenth ship in this series. The ship will...
2010-04-19 09:27:20
Transpetro orders 8 LPG carriers
Transpetro has confirmed Promar Ceara has won a contract from the Brazilian tanker outfit to build eight LPG carriers, the company announced Friday. Rio de Janeiro-based Transpetro, which owns 53 tankers and has a 49-ship newbuilding program has ...
2010-04-19 07:39:47
YML to turnaround in Q2
He shusheng, General Manager of Yang Ming Line (YML) which mired in loss for couples of quarters, expressed that global economy had walked back to uptrend, especially in Asia to America route. He also estimated that YML may turn to profit in the seco...
2010-04-16 09:57:27
Chemical tanker orders face cut
One in ten chemical tanker newbuildings will be deleted from the present orderbook, Pareto Securities says. It also predicts a 166% rise in scrapping in the sector this year, with 2010’s running total already matching the final tally from the p...
2010-04-16 08:32:59
Dry bulk market gaining ground
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified during Wednesday as well, with the relative Baltic Capesize Index (BCI) gaining ground for a second se...
2010-04-16 08:23:05
VLCC delays to reach 25%
One in four VLCC newbuildings ordered for delivery this year will fail to hit the water as planned, says RS Platou Markets. Owners grappling with financing difficulties and problems at shipyards will both contribute to the shortfall, its latest q...
2010-04-15 08:23:18
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