Shipping
Greek snaps up resale in China
Medcare Shipping of Greece has gone back to Zhejiang Jiantiao Shipyard of China for a supramax resale, saying prices now make sense. General manager Grigoris Moutzouris confirms the company has taken a 57,000-dwt bulker for $28.5m and is now looki...
2010-02-10 07:30:12
ICCO to be held in Taiwan
The annual meeting of the International Council of Containership Operators (ICCO), whose nickname is Box Club, will be held in Taiwan on March 16th 2010. It is 20 years since ICCO arrived in Taiwan last time. A representative of Yang Ming Line po...
2010-02-09 16:24:21
CSD debuts new VLOC
On February 5th 2010, China Shipping Development (CSD) received delivery of its first 230,000-dwt very large ore carrier (VLOC), which is China’s first as well. The monster was built by CSSC Guangzhou Longxue Shipbulding, which launched China’...
2010-02-08 14:35:10
Norwegian buys supramax resale
A Norwegian owner has made its first purchase in seven years. Bergen-based Spar Shipping has ended a seven-year absence from the sale-and-purchase (S&P) market with a move on a supramax-bulker resale. The company is said to have paid $33m for a 58,00...
2010-02-08 08:30:27
Reliance reviving cape orders
Indian utility company Reliance Power is reviving plans to build a fleet of capesize bulkers for an investment substantially less than originally anticipated. Industry sources say the Mumbai-based company, part of the Anil Dhirubhai Ambani (Adag) ...
2010-02-08 08:27:56
Greek snaps up aframax resales
A Greek player is said to have taken four tanker resales at Hanjin Heavy Industries & Construction of South Korea. Empire Navigation of Greece has been linked to the $236m purchase of four aframax-tanker newbuildings from Dubai-based Emarat Mariti...
2010-02-08 08:19:27
Samsung to win two more Suez
Stena Bulk’s boss Ulf Ryder has denied that the Swede has firmed up optional contracts for a pair of suezmaxes at Samsung Heavy Industries. The doubling of orders for 158,000-dwt units at the South Korean yard appears imminent, however, as Ryde...
2010-02-05 07:05:47
CSC focuses on ‘bottom-fishing’
Mr Dong Jianjun, vice president of China Changjiang National Shipping (Group) Corporation (CSC), recently expressed that prices of dry/bulk cargo ships were at a low level and that it might be a great opportunity to consider ‘bottom fishing’. ...
2010-02-04 14:14:22
NYK switches ship types at Hyundai
NYK has changed orders for series of containerships in South Korea and Japan to other vessel types as it looks to scale back its liner operations. The Japanese shipowner has opted to switch three 4,500-teu containerships on order at Hyundai Heavy...
2010-02-04 08:23:04
CMA CGM gets breathing space
Payment of a first $80m instalment on the $500m cash facility it was promised by its banks before Christmas has given French container shipping group CMA CGM the breathing space it needs to hold on for payment of the remainder. The group says tha...
2010-02-04 07:42:36
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