Shipping
Single-hull scrapping a 'damp squib'
Single-hull tanker demolition may fail to boost charter rates this year because most of the ships were already failing to find cargoes in 2009, Martin Stopford, managing director of Clarkson Research Services, said. Mono-hulled carriers secured 2...
2010-03-17 07:47:47
COSCO to order 18 new ships
While announcing its annual results on Tuesday COSCO Shipping revealed it has set aside up to 3.9bn yuan ($571m) to buy 18 new multi-purpose and heavylift ships. The firm, COSCO's specialist and heavylift subsidiary based in Guangzhou, has two 50...
2010-03-17 07:24:36
"Save" Shipping market by China
Newbuilding cancellations, delivery delays and record shipbreaking "saved" the market in 2009. The latest annual report on the shipping industry, compiled by Barry Rogliano Salles stated that thanks to cancellations and delayed deliveries n...
2010-03-16 12:06:50
COSCO Shipping to collect $570m
On March 16th, COSCO Shipping issued annual report of 2009, as well as its equity financing plan. The financing amount targets around $570m. The fund will be mostly used for the newbuilding of 18-unit multi-purpose (MPP) and heavy-lift ship. C...
2010-03-16 12:00:03
Hanjin inks 180K BCs
On March 15th 2010, in Howard Johnson Plaza Ningbo, Hongkong Henghou Group signed a newbuilding contract with Korea’s Hanjin Heavy Industries & Construction to build two 180,000-dwt bulk carriers. Mr Zheng Shizhao, chairman of Henghou was prese...
2010-03-15 10:58:02
Chinese to order $1bn bulkers
A Chinese ship lessor is looking to order up to 30 vessels as it plans to work with foreign operators for the first time. China's Minsheng Financial Leasing plans to gear up its ship-lease business by spending a total of $1bn on a fleet of up to ...
2010-03-15 07:42:30
Sinotrans begins expansion
Mr Tianzhong, general manager of Sinotrans Shipping Limited, said that 10 newly-built dry/bulk cargo ships would join the group’s fleet by 2011, eight of which will be delivered this year. The group’s transport capacity is estimated at 2.94m dwt ...
2010-03-12 13:49:02
Shipowners suffer $20bn loss
The leading group of Taiwan’s Yang Ming Line recently indicated that 2009 was the extremely grooming year in shipping history. Everyone should remember market occupying rate doesn’t mean everything. As is estimated, recovery will occur this ...
2010-03-12 13:19:15
China crude import soars
Chinese crude oil imports reached their second highest monthly level ever in February 2010, preliminary customs data shows. The People’s Republic imported 18.5mt of crude last month, some 58% higher than twelve months ago. February’s imports ...
2010-03-12 08:35:58
VLCC rates fell 23% in Feb
The Chinese New Year holidays, refinery maintenance and the decline of crude oil and petroleum products in floating storage, were some of the factors that negatively affected freight rates during February. Additionally, the shortening of delays o...
2010-03-12 07:44:05
Start  Prev  471  472  473  474  475  476  477  478  479  480  Next  End