Shipping
Wilh Wilhelmsen to scrap more PCTCs
Wilh. Wilhelmsen ASA will accelerate demolition of its car carriers. Since the fall of 2008 when finished vehicle marine traffic drastically decreased, operators centering on major operators in Japan implemented large-scale PCTC (pure car/truck c...
2009-11-09 05:05:23
Evergreen sells boxships for scrap
Evergreen Marine is delivering on its promise to scrap containerships by sending a further three of its oldest baby-panamaxes to the breakers in China. The 3,400-teu Ever Gaining (built 1987), Ever Guest and Ever Goods (both built 1986) have been ...
2009-11-08 01:58:34
K Line scales back box orderbook
A Japanese carrier is minimizing its liner exposure by converting three boxships to capesize bulkers. One of Japan's leading carriers has become the latest to slash its boxship orderbook. K Line has changed an order for boxships into capesize...
2009-11-07 23:50:13
MOL cuts 24 ships, scraps 10
Mitsui OSK Lines (MOL) is pressing ahead with efforts to slim its fleet vessels. In the one-year period starting from the end of September 2008, the operators trimmed the number of its ships in service by as many as 24 units, of which more than 10, i...
2009-11-06 07:51:10
Evergreen to lay-up 17
Taiwan’s Evergreen Marine confirmed its plans to lay-up 17 boxships by the end of this year. It is part of a wide-ranging fleet rationalization that has already included scrapping older tonnage and returning chartered vessels. Boxships varyin...
2009-11-06 07:41:35
Chinese aims to order 100 newbuildings
On November 3rd, Guangxi Xijiang Shipping and China Resources Cement Holdings signed a contract to establish a joint venture called Guangxi Rungui Shipping and build a gigantic fleet for the company. Guangxi Rungui plans to provide a large-scale a...
2009-11-05 14:28:44
Bailout could delay recovery
Maersk Line chief executive Eivind Kolding said that state bailouts of shipping lines could delay a very necessary restructuring and recovery of the container shipping industry. Mr Kolding said that opposition to state bailouts for shipping lines ...
2009-11-05 07:31:44
Bleak outlook for boxships
DnB NOR expected the number of idle containerships could double from its present levels next year. “I think you could easily see the number of idle ships go up to 15%, maybe close to 20% of the fleet within a year,” says shipping analyst Glenn...
2009-11-05 07:21:44
Italian owner to buy kamsarmax resales
Italian shipowner Michele Bottiglieri is close to completing a deal with Tsuneishi Group (Zhoushan) Shipbuilding in China to buy two kamsarmaxes at a cost of around $36m each. Interviewed in Naples, Mr Bottiglieri said the 82,000-dwt vessels, both...
2009-11-04 11:07:56
Brightoil expansion plan aborted
A Chinese bunker player's attempt to build its own fleet has come to nothing for the second time in six months. Brightoil Petroleum has been eyeing up the purchase of two 51,000-dwt medium-range (MR) tanker resales at South Korea's SLS Shipbuildin...
2009-11-03 07:38:26
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