Shipping
Cosco eyes nuclear-powered ships
China Ocean Shipping Group is studying the possibility of nuclear powered commercial ships as it looks for alternatives to fossil fuels in the future. Cosco president and chief executive Wei Jiafu said that the industry needed to consider alterna...
2009-12-03 13:18:12
DNV joins hands with SMU
The president of Shanghai Maritime University (SMU) Yu Shicheng and DNV vice president and regional manager for Greater China Jörg Beiler signed a strategic partnership agreement Wednesday to establish the ‘SMU-DNV International Cooperation Ce...
2009-12-03 13:06:23
Boxship oversupply to last until 2013
The container shipping industry is facing 3m teu in excess capacity in a year’s time, however, very low charter rates are offering a chance for new entrants to gain a foothold, foreign media reports. Former Maersk executive Jesper Kjaedegaard, who ...
2009-12-03 07:25:27
Seaspan warns Korean yards
Containership owner Seaspan is reportedly sending a strong signal to South Korean shipbuilders about the risk of helping out cash-strapped lines at the expense of financially sound customers. Seaspan’s intervention came hours after CMA CGM chairman...
2009-12-03 07:22:47
Wärtsilä favors natural gas as alternati
Wärtsilä has extended its dual-fuel technology to the lower power range with the launch of the new environmentally advanced Wärtsilä 20DF engine, suitable for tugs, small cargo vessels, small ferries and barges. The new power plan...
2009-12-03 07:19:35
Shipyards’ $200bn dilemma
The supply side of the shipping market is the most pressing issue, argued Dr Martin Stopford, managing director of Clarkson Research, at the Senior Maritime Forum of Marintec China 2009. Stopford said the orderbook was now 44% of the extant fleet...
2009-12-03 07:12:42
CMA CGM to cancel 15 boxships
CMA CGM is seeking to cancel 15 small containerships as part of a much wider restructuring of its huge orderbook, foreign media reports. South Korean shipbuilders are now considering a series of proposals from the French line that is stepping up t...
2009-12-02 07:09:16
Sasco buys secondhand
Russia’s Sakhalin Shipping Co (Sasco) has snapped up its third secondhand containership this year. The company said it had bought a 1995-built ship of 4,800 dwt called ‘Zeya’. It will be the newest unit in its fleet, said deputy CEO Egor Va...
2009-12-01 07:21:44
Zim joins super-slow steaming
Israeli container line Zim Integrated Shipping Services is the latest carrier to go for super-slow steaming in order to reduce fuel consumption, cut emissions and save money. The line revealed this new move as parent company Israel Corp announced ...
2009-11-27 07:05:46
Nordic eyes double expansion
Danish shipowner Nordic Tankers wants to double the size of its chemical tanker fleet after a merger with rival owner Clipper Group’s chemical tanker operations, foreign media reports Both Danish companies agreed to merge their activities so tha...
2009-11-27 07:02:44
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