Shipping
TTA scraps old bulker
Thoresen Thai Agencies has booked a modest profit after scrapping one of its ageing bulk carriers. Its 26,900-dwt Thor Commander (built 1984) was sold for scrap in a THB 80.56m ($2.43m) deal, a statement says. It added, “The sale is in line with...
2009-12-29 08:23:08
Diana on spending spree
Diana Shipping has kicked off its spending spree as it looks to take advantage of reduced ship prices, foreign media reports. It will pay $35.1m for the 76,400-dwt Theresa Hebei (built 2004), a statement says. Diana director Ioannis Zafirakis say...
2009-12-29 08:15:27
Stealth takes two
Stealth Maritime of Greece has concluded its newbuilding delivery schedule for this year by taking two tanker units from shipyards in the Far East. The two tankers were ordered for a total of $135m. One of the ships is the 114,000-dwt crude oil tanke...
2009-12-28 07:42:54
Sovcomflot eyes fleet expansion
Russian shipping group Sovcomflot plans to invest $5.5bn in the next five years to expand its fleet and build its position in new Russian markets in the Pacific and Arctic. “We will seek to diversify our sources of finance, including accessing debt...
2009-12-24 07:36:27
Cape resale for $71.5m
China’s Five Star Shipping has recently secured its second capesize bulker at the same Japanese yard. It is said to have purchased the 180,000-dwt ship at Sasebo Heavy Industries for $71.5m for delivery in February. Five Star also bought the ...
2009-12-23 13:57:21
Capesize to see 30% delivery slippage
"How many Capesize bulker newbuildings are going to be actually completed?" That's the biggest source of concern for those associated with the global bulker market. Statistical data put the number of such completions in 2010 at 321 or nearly equa...
2009-12-21 07:14:36
Log-In charters pair
Brazil’s Log-In Logistica Intermodal has chartered in two bulk carriers as it waits for its own newbuildings on order at domestic shipyard. The shipowner said it had taken the vessels from compatriot Elcano for bauxite COA business. The ships ar...
2009-12-18 07:51:53
POSCO awards $750m COA deal
South Korean shipping company Hyundai Merchant Marine (HMM) has secured a whopping $750m iron ore contract from compatriot steel giant Posco. The diversified shipowner is set to carry iron ore for the steel maker for twenty years, it said in a re...
2009-12-18 07:30:26
30% emission cut at zero-cost
Tor Svensen, COO of DNV Maritime Wednesday introduced the press to the groundbreaking results of a new study depicting how the shipping industry, by 2030, could cut emissions by 30%. The results were presented onboard the Viking Lady, the world’...
2009-12-18 07:17:36
Greek buys SPP supramax resale
Goldenport Holdings is acquiring a supramax bulker resale under construction at SPP Shipbuilding in South Korea for $31.8m. The 59,000-dwt bulker is expected to be delivered in the fourth quarter of 2010. Goldenport said it has an option to upg...
2009-12-17 14:45:39
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