Shipping
Chinese orders 16 bulkers
An ambitious Chinese business group is said to have inked 16 bulker newbuildings at a yard it is about to take over. Market sources say Jiangsu Fengli Group shipping arm Glory Asia Ocean Shipping has ordered six 57,000-dwt supramaxes and 10 30,00...
2010-03-29 08:09:43
Cosco embarks on MPP order splurge
An ambitious subsidiary of Chinese giant Cosco is understood to have launched its anticipated newbuilding splurge with an order for 18 multipurpose (MPP)/heavylift vessels. Cosco Shipping Co Ltd (Coscol) is said to be finalizing the 27,000-dwt shi...
2010-03-29 08:05:49
China Shipping-Maersk mull LNG JV
One year ago, China Shipping (Group) Company, one of leading shipowners in China, cooperated with compatriot China National Petrolem Corporation (CNPC) for LNG shipping. Now the group intends to ally with Maersk for LNG transportation as well. Yes...
2010-03-26 12:09:47
Vinalines $2.4bn fleet growth plan
Vietnam National Shipping Lines confirmed expansion plans worth $2.4bn between now and 2015, increasing tonnage by 6m dwt to 7m dwt. Vinalines vice-president Bui Quoc Anh said the company would place a $2bn newbuilding order with Vietnam Shipbuil...
2010-03-26 08:22:31
Bulker orders to reach 300
Shipowners look to take advantage of lower prices and an expected boost of commodities trade in the years to come, with India rapidly entering the dry bulk foray, thanks to its massive needs of coal for power generating purposes. As a result, the...
2010-03-26 08:20:30
Tanker prices rise, S&P remain slow
Despite rising secondhand tanker prices suggesting that vessel values for wet tonnage have bottomed out, brokers are still reporting hesitation in the sale and purchase market as players maintain their cautious wait-and-see game. Even though sales...
2010-03-25 08:12:01
Bourbon sells seven supramax newbuilds
French shipping group Bourbon continues to cut down its newbuilding programme, reportedly selling seven supramax bulk carriers on order at China’s Dayang Shipbuilding for a total of $227.5m. Norway’s Spar Shipping has bought six of the vessels en...
2010-03-25 08:09:03
NOL released 10 idled ships
Neptune Orient Lines (NOL) recently announced in Singapore that the company would increase its transport capacity by 7% and charter 10-unit 6,000 TEU boxships. Moreover, NOL intended to put its last 10 idled ships into operation around June. NOL b...
2010-03-24 13:33:07
Fuel Saving Bulker Design
A new bulker design is said to offer owners an improvement of 26% on fuel efficiency. Shipyards are expected to submit bids soon to build a new design of bulker that, it is claimed, will offer huge fuel savings for owners. Paris-based shipbroker ...
2010-03-24 08:26:12
NYK takes 1st 300K VLOC
Japan’s NYK has taken delivery of its first new 300,000dwt-class of ore carrier built by compatriot yard Universal Shipbuilding. The vessel, Oita Maru, is not only the first of this size ordered by the company but also the first NYK bulk carrie...
2010-03-24 07:51:17
Start  Prev  471  472  473  474  475  476  477  478  479  480  Next  End