Shipping
Cosco takes advantage of delivery delay
The first evidence that shipowners are starting to take advantage of delivery delays to modify design specifications is emerging, with Chinese yards prepared to show some flexibility in contrast to some of their competitors, foreign media reports. ...
2009-12-17 07:04:30
French owners call for action
French shipowners have welcomed the French government’s adoption of an integrated maritime policy but say they now need a specific plan of action for the shipping sector, foreign media reports. The owners’ representative body Amateurs de France s...
2009-12-16 07:22:51
Slow steaming prevails
Intensified speed reduction in navigation has become a trend in the liner shipping market. Backed by results of their respective verification tests, a growing number of operators have been reducing their main engine output by up to 30%, long cons...
2009-12-16 07:11:45
Seabulk gives up selling newbuild trio
Norwegian DIS (limited partnership) company Asian Bulkers, managed by Seabulk in Oslo, has been forced to change strategy following last year's collapse in bulker values. Three newbuildings ordered by the owner before the crash, on the expectation...
2009-12-15 07:43:43
Bulker orderbook pressure
Freight rates and asset values for owners of small capesize bulk carriers would remain under pressure because of the massive newbuilding orderbook, foreign media reports. Although demand for ships, defined as between 83,500 dwt and 150,000 dwt, is...
2009-12-15 07:39:06
COSCO eyes solar-panel tankers
The head of the Australian firm Solar Sailor, pioneers of wings covered in solar panels for installation on ships, revealed in an interview with CNN that the world’s largest shipping conglomerate, COSCO is in discussions to add solar wings to many ...
2009-12-15 07:23:24
Ulstein inks $70m ship designs
Ulstein Design has signed six ship design contracts with Brazilian ship owners CBO and DSND Consub totalling over NOK 400 million ($69.4m), as the company taps into a lucrative and growing market area. The contracts are for the delivery of design...
2009-12-15 07:09:01
Glenda switches to larger vessels
Glenda International, the D’Amico/Glencore joint venture, is increasing the size of two tankers on order at Hyundai Mipo Dockyard of South Korea at no extra cost. D’Amico said Friday that Glenda had converted orders for two 46,000-dwt product/...
2009-12-14 08:04:52
Offen detains CMA CGM vessel
German containership owner Claus-Peter Offen has seized a CMA CGM-owned boxship as a dispute over three ultra-large containerships, dating back to 2007, escalated. The German owner has reportedly arrested the 1,730-teu CMA CGM Okapi (built 2000) i...
2009-12-11 14:50:09
France new maritime policy
The French government has initiated an R&D program entitled “ship of the future” as part of a series of measures to mark its adoption of an integrated maritime policy covering all maritime and marine activities for the first time. To oversee the ...
2009-12-10 07:41:45
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