Shipping
Evergreen triggers new orders
Taiwan’s Evergreen Group will fix the schedule of newbuilding plan. The amount of new ships is said to be 12-unit at least, with capacity from 7,000 to 8,000 TEU. Evergreen’s intention means its optimism on 2012 since the group hasn’t shown...
2010-03-11 13:36:09
MOL offloads handy
Mitsui OSK Lines has sold one of its handysize bulkers, brokers say. It is claimed the 28,000-dwt Sunny Royal (built 2000) changed hands for $19.25m. Brokers say the vessel has been bought by a Korean owner. MOL controls a fleet of over 30 han...
2010-03-11 08:26:19
Seaspan takes delivery of newbuilds
Containership owner Seaspan has taken delivery of two new vessels at a time when market sentiment is shifting and lines are under pressure from shippers to provide more capacity to meet the unexpected rebound in cargo volumes. The 2,500 teu Guayaquil...
2010-03-11 08:18:53
Dry optimism boosts secondhand
Ship owners without many financial liabilities and with cash to spare are actively looking for investment opportunities in the second hand dry bulk market, although, they find themselves competing with many of their counterparts. Once again, the rule...
2010-03-11 08:08:22
Stena inks four more tankers
Stena Bulk, which recently confirmed the order at Samsung Shipyard for two in-house designed Suezmax tankers for delivery in 2011, has now placed further orders together with partners and the Angolan oil company Sonanagol The first two vessels h...
2010-03-10 12:34:18
SCI, SAIL set up shipping JV
National carrier Shipping Corporation of India (SCI) has joined hands with another state-run enterprise, Steel Authority of India Ltd (SAIL) in the setting up of a joint venture that will provide shipping-related services. “We are making good pr...
2010-03-10 08:13:17
Pakistani seeks five ships
Pakistan National Shipping Corp (PNSC) is in talks with the government over finance for a prospective acquisition spree. Chairman Rashid Siddiqui said five cargoships would be bought for a combined $100m as soon as talks with the federal finance ...
2010-03-10 08:07:07
Petrobras in Aframax Action
Brazilian oil major Petrobras is reportedly accepting bids for an aframax tanker time charter deal worth up to $21.9m. Brokers say the state-owned oil company has received 15 bids for the three-year tanker tender, with rates estimated to be betwe...
2010-03-10 08:05:00
Boxship to slightly recover
In 2009, boxship market experienced toughest time ever. The newbuilding output dived to 1.07m TEU while the demolition volume reached 0.37m TEU, which broke historical point of annual boxship demolition record. The shipping capacity of boxshi...
2010-03-09 10:08:32
Cape price up 10%
Capesize bulker prices have taken a jump of over 10% during the past month according to the latest sale by a Japanese shipowner. Shoei Kisen Kaisha has collected $61m for its 180,130-dwt Sea Victory (built 2004), brokers say. By contrast, Stamatis...
2010-03-09 08:12:23
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