Shipping
Rickmers in a move to rescue RMT
Germany's Rickmers Group is prepared to take back seven containership newbuildings, including a quartet of 13,100-teu leviathans, that Singapore-listed Rickmers Maritime Trust (RMT) is struggling to finance. Chairman Bertram Rickmers says the Ham...
2010-04-02 08:30:19
CSD orderbook at 58 ships
China Shipping Development Company (CSD), subsidiary of China Shipping (Group) Company, recently revealed 58 ships were on order contracted by the company, with deadweight of 7.852m dwt. All ships will be delivered by late 2012. The capital expend...
2010-04-01 10:26:08
MOL 'gears up' for expansion
Japanese shipowner MOL has revealed its new three-year plan to boost profit and grow its fleet by 2013. The “Gear Up!” project foresees net profit reaching JPY 110bn ($1.18bn) by March 2013, against a forecast figure of JPY 10bn in its curren...
2010-04-01 08:34:13
Ship Prices All Up
Newbuilding prices of three major ship types including oil tankers, bulkers and containerships are climbing all together. It can be considered as a signal of market hitting the bottom, but not enough as a full recovery. According to Clarkson Rese...
2010-04-01 07:30:01
Nasco orders supramax bulkers
A Chinese state-backed owner is moving away from picking up resales in favour of supramax newbuildings. A state-backed shipowner has abandoned its policy of scooping up resales with an ambitious newbuilding order. Jiangsu-based Nanjing Ocean Ship...
2010-03-31 08:14:45
Kamsarmax orders soar
The surge of interest in kamsarmax bulkers is helping mitigate the ongoing decline in the global shipbuilding orderbook. Kamsarmaxes are driving the broader panamax orderbook, which last month accounted for 21 of 43 newbuildings inked, says shipbr...
2010-03-31 08:11:38
'Spring Breeze' Gets To Shipbuilding
Shipping companies are gradually waking up from a prolonged market recession. As container traffic recovers and freight rate tends to increase, an increasing number of analysts are suggesting 'more buy' as investment opinions on shipping stocks. ...
2010-03-31 07:15:10
TNC to back in Taiwan Strait route
Taiwan Navigation Company (TNC), with over 60 years shipping experiences, announced the company would invest $20m to purchase two boxships for Mainland China-Taiwan route. Recenlty, Taiwan government has allowed approving new route between the tw...
2010-03-30 10:04:10
Not yet 'Green Ship Replacement'
The time is not yet ripe for over-expectation that demand for replacement of old ships will rise following efforts to reduce green house gas (GHG) emissions. Jeon Jae-cheon researcher of Seoul-based Daishin Securities said "Demand for old ships re...
2010-03-30 07:07:27
China Shipping holds out 'olive branch'
In International Shipping forum 2010, Mr Li Shaode, chairman of China Shipping (Group) Company, said that global trade had shown recovery since the third quarter of 2009. The worst had passed but the shipping market might not return to the ‘Gol...
2010-03-29 10:18:30
Start  Prev  471  472  473  474  475  476  477  478  479  480  Next  End