Shipping
8-year old cape sells for $46m
According to foreign newspaper reports, U.S. NASDAQ-listed Greek shipowner DryShips Inc. seems to have sold a 2001-built 170,000-dwt capesize bulker. The vessel was reportedly priced at $45-46 million. It is believed that DryShips sold the Alameda...
2009-12-09 11:57:42
Seaborne trade hits all-time high
Seaborne trade reached an all-time high last year, according to an annual survey from the United Nations Conference on Trade and Development. However, at 3.6%, the rate of growth in 2008 was weaker than that seen in 2007, Unctad’s Review of Mar...
2009-12-09 07:43:24
Greek control 17% of tanker orderbook
Hellenic tanker owners have reiterated their leading position in terms of their share of the total tanker fleet, controlling 18% of the current world fleet and 17% of the outstanding tanker orderbook, said a report by Gibsons. “Hellas’ domination...
2009-12-09 07:39:50
China owners buying local newbuildings
S&P brokers in China are worried about their future as the government continues to create measures to keep local shipyards busy. Many sale-and-purchase (S&P) brokers in China feel that they could be facing subdued market situation if Beijing acts...
2009-12-08 07:36:41
Petrobras fixes 12 newbuildings
Brazilian shipowners and shipbuilders are in for another windfall after state-owned energy company Petrobras agreed to charter 12 newbuildings for up to 15 years in the latest tender round. Petrobras has recently inked long-term charters for 12 ne...
2009-12-08 07:06:31
Korea bans single-hullers since 2011
South Korea is to ban single-hull tankers since 2011, four years earlier than the original schedule. The Ministry of Land, Transport and Maritime Affairs said on December 6th that single hullers will be prohibited from entering the country’s por...
2009-12-07 06:39:45
Sovcomflot buys canceled orders
Russian shipping giant Sovcomflot is strengthening its ties with domestic shipyards by taking over contracts for two 18,500-dwt chemical tankers at United Shipbuilding Corp (USC)'s Amur facility. No price has been disclosed. The ships have been taken...
2009-12-04 13:20:03
Precious to order cement carriers
Thai bulker owner Precious Shipping is in negotiations with shipbuilders over orders for three cement carriers and an option for a fourth ship that would be placed on long-term charter for up to 25 years. This follows the signing of time charter c...
2009-12-04 07:16:25
German owners call for support
German shipping industry needs government support to survive the crisis, syas Michael Behrendt, chief executive of Hapag Lloyd and head of the German shipowners’ association VDR. “We have to survive a foreseeable period of two, maybe three yea...
2009-12-04 07:09:30
MOL announces ISHIN II
Japan’s MOL has revealed details of its second next-generation vessel - an LNG-powered ro-pax. The ship, still a design at this stage, is called ISHIN II and is billed as an eco-friendly passenger and cargo ship. The use of LNG will reduce C...
2009-12-03 13:26:02
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