Shipping
Delphis cancels boxship trio
Belgian shipowner Delphis has cancelled orders for three 2,500-teu vessels at the Volkswerft Stralsund facility in Rostock-Warnemunde, Germany. Delphis boss Alexander Saverys confirms the company cancelled the remaining trio after taking delivery ...
2009-10-30 15:30:37
Ship prices bottom out ?
Genco Shipping & Trading may be in a buying mood as bulker values, it says, have touched bottom. "We think values have bottomed out and we think it's getting close to time when we would start looking at things," Genco chairman Peter Georgiopoulos ...
2009-10-30 07:51:44
Evergreen cuts 37 boxships
Evergreen group has reduced at a stroke the number of containerships assigned to services by 37units, equivalent to 38% of its total space, Group Chairman Chang Yung-Fa recently revealed. Of these, nine were demolished, 11 returned to their owners an...
2009-10-30 07:46:04
Boxship relief? US recession over
Container lines will be relieved by the news from the US where the recession is expected to be declared over on Thursday. However, economists insist that it is still too early to start celebrating. When gross domestic product (GDP) estimates fo...
2009-10-30 07:36:45
Secondhand prices stumbling
Secondhand bulker prices kept falling in September with sale & purchase deals declining 7% month-on-month. According to statistics from the Baltic Exchange, the estimated prices of five-year old capesize, panamax and handymax bulkers, as of Septem...
2009-10-30 06:45:59
Laid up reach 1.39m teus
As the cargo peak season comes to an end, the number of containerships on hold at sea is rising. According to French maritime consultant AXS-Alphaliner, boxships idled as of Oct. 26 totaled 1,393,000 TEUs. This is an increase of 41,000 TEUs c...
2009-10-29 07:31:30
Boxship sector cash flow dries up
Conditions in the container shipping industry are going from bad to worse as cash flow starts to dry up in earnest. Industry insiders are warning that the year-long crisis is finally approaching some sort of cataclysmic point as major players des...
2009-10-29 07:29:23
NYK to slash box fleet in half
Container shipping giant NYK is looking to downsize its box ship fleet from its existing 120 vessels to about 60 in order to cope with reduced market demand and financial issues. According to local media reports, the group intends to achieve this...
2009-10-29 07:26:12
DryShips confirms cancellation
DryShips confirmed Wednesday that it has cancelled a deal to buy a pair of kamsarmax bulkers under construction in China. In a securities filing, the Nasdaq-listed bulker and drilling unit owner says it reached agreements on October 16th to pay $7...
2009-10-29 07:10:51
Idled boxship fleet reaches new record
According to AXS-Alphaliner's recent data, the number of laid-up containerships worldwide has hit all-time high again. The statistics show global idled boxship fleet stands at 568 ships as of mid-October, the highest ever. The figure equates to...
2009-10-28 10:13:26
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