Shipping
CMT orders two more VLOCs
One of Taiwan’s largest bulk carrier and logistics operators, Chinese Maritime Transport, has contracted CSBC, Taiwan’s largest shipbuilder, to build two 203,000-dwt capesize bulkers at a cost of near $130m. The latest deal came after the same sh...
2010-04-15 07:39:41
DNV unveils new boxship 'Quantum'
'Quantum' is the name of a new containership concept introduced by Det Norske Veritas (DNV), Norwegian classification society. The new concept is based on both technical and market research and innovation, and is designed to transport more cargo ...
2010-04-14 15:58:32
NJTC to expand VLCC fleet
Nanjing Tanker Corporation (NJTC), a subsidiary of China Changjiang National Shipping (Group) Corporation (CSC), announced that 14-unit tankers might enter the company’s fleet, totaling 1.52m dwt. The amount of tankers will be raised from 68-un...
2010-04-14 10:02:42
Palmali orders up to 10 tankers
Azerbaijan shipowner Palmali Shipping has confirmed an order for 10 products tankers at Russia’s Volgograd Shipyard. The deal involves 7,050-dwt vessels with deliveries from 2011 to 2013. Five of the Armada RST22M-type ships are options. No...
2010-04-14 08:29:11
Boxship newbuilds to be absorbed
Rising demand will cut the number of large idle containerships in half over the next two months and soak up all of the newbuildings set to hit the water in the first half of 2010, Alphaliner says. This is despite the flood of new boxship deliveri...
2010-04-14 08:24:38
COSCO expects rapid recovery
During ongoing Boao Forum for Asia (BFA), WeI Jiafu, President of China Ocean Shipping (Group) Company (COSCO), expected a rapid recovery of shipping industry. The revenue of COSCO for 2010 is believed to increase continually against 2009. In ...
2010-04-13 09:30:53
SINOTRANS exploits Southwest China
On April 11th 2010, China National Foreign Trade Transportation (Group) Corporation (SINOTRANS) signed strategic frame cooperation agreement with Chongqing Municipal Government. According to agreement, both sides will carry out cooperation in ship...
2010-04-13 09:30:11
Goldenport changes boxship to bulker
London-listed Greek shipowner Goldenport Holdings has clinched a deal with Chinese shipbuilder Jiangsu Yangzijiang Shipbuilding to recast one of its two container vessel orders at the yard as a contract for a post-panamax bulk carrier. The 93,000 dwt...
2010-04-13 08:27:00
Bulker delivery rate reached 68.4%
These days most dry bulk shipping analysts are focusing on tonnage oversupply issues, which could hamper the sector’s rebound prospects. While ship owners have been keeping an positive stance, proving rather optimistic on the future, the fact r...
2010-04-13 08:14:42
Chinese entry into ethylene shipping
On April 9th 2010, China Changjiang National Shipping (Group) Corporation (CSC) recently announced that the group would cooperate with China Petroleum and Chemical Corporation (SINOPEC) to establish China-owned ethylene carrier fleet, occupying the g...
2010-04-12 11:23:09
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