Shipping
Maersk denies retreating from Kaohsiung
Denmark’s Maersk Line was earlier reported to be retreating from Taiwan’s Kaohsiung, which is the largest port in Taiwan. It even ranked 3rd for a long time in the world before 2000. As per latest news, however, Maersk's senior executives clar...
2010-02-03 16:11:57
Idle boxships decline by 50
The idle containership fleet has fallen by nearly 50 vessels since the beginning of this year. A total of 532 boxships are presently laid-up, 30 less than two weeks ago and down from 581 at the start of 2010. AXS-Alphaliner says the “first ...
2010-02-03 07:32:31
Atlantska revives cancelled orders
Croatian owner Atlantska Plovidba is close to reinstating an order for two cancelled panamax bulkers in China after negotiating a lower price. The shipping company scrapped the first two of four 80,300-dwt vessels at Jiangsu Eastern Heavy Industr...
2010-02-03 07:30:02
Navios buys cape resale
Navios Maritime Holdings has picked up a capesize resale at a South Korean yard for $55.5m. The Angeliki Frangou-led Greek owner did not name the ship or yard concerned in the cash-plus-shares deal announced to the NYSE on Tuesday. Navios wil...
2010-02-03 07:28:23
Taiwan to trigger new round expanding
With ship prices slumping by 30%, U-Ming Marine Transport Corporation, one of leading shipping enterprises in Taiwan, triggered its new round of expanding strategy. U-Ming intends to purchase three ships at least this year while another 20 to 30 ...
2010-02-02 16:14:47
Owners desperate for liquidity
Large-sized shipowners which have been suffering from deteriorating shipping market are said to have asked Korean banks including Korea Eximbank for $1.3bn in ship financing in a bid to procure money to pay for the ships being built in Korean shipyar...
2010-02-02 06:40:34
CMES steps up expanding
With state-owned enterprises restructuring, China Merchants Energy Shipping (CMES), one of leading ocean energy transportation enterprises, began its transportation capacity raising. In January 2010, MV NEW PARADISE, the VLCC built by Japan’s Su...
2010-02-01 15:24:15
Carnival slows newbuildings
Carnival Corp said Friday that it plans to reduce its pace of newbuilding deliveries to just two to three vessels per year beginning in 2010. The company says it expects to reap the benefits of an improved supply-demand balance as global economies...
2010-02-01 07:26:58
Greeks on buying spree
A series of newbuilding orders, resales and secondhand ship purchases in both the dry and wet sectors are coming out of Greece. A number of established Greek shipowners with a reputation for shrewd timing have started to buy and order tonnage. Tho...
2010-02-01 07:04:54
Recovery out of reach?
According to AXS-Alphaliner’s recent report, the number of idle containerships has reached 581 ships of 1.51m TEU, occupying 11.6% of global container transportation capacity. On the other hand, about 0.37m TEU transport capacity entered demolit...
2010-02-01 06:35:55
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