Shipping
Smaller boxships suffer a blow
The most part of the global containership newbuilding orderbook is for the ships of over 4,000-teu class, and ships of 1,000-teu to 2,000-teu account for just 10% of the entire orderbook. Against this backdrop, order cancellations of small boxship...
2009-08-24 06:14:40
Grindrod cancels product tanker
South African shipowner Grindrod said it has ditched a tanker order due to late delivery by the shipyard. The Johannesburg-listed tanker and bulker owner wrote in its first-half result announcement on Thursday that it chopped the order for the 40,...
2009-08-21 07:36:30
Massive deliveries worried
A gradual improvement in shipping volumes is likely to be hampered by the glut of tanker and bulker tonnage expected to hit the market soon, South African owner Grindrod warned. Demand is set to improve in the dry bulk market but remain weak for ...
2009-08-21 07:30:49
Pakistan eyes fleet expansion
Pakistan National Shipping Corp (PNSC) plans to expand its fleet and replace a number of ageing vessels, according to PNSC chairman Dikanda Naqvi. The company will acquire two double-hull aframax tankers in the short term at an estimated cost of ...
2009-08-21 07:22:55
Navios buys capesize resale duo
Greece's Navios Maritime Holdings has acquired a further pair of capesize newbuildings, which will be paid for with a combination of cash and convertible preferred stock. The vessels in the agreement, which have a nominal value of $141.5m, are tw...
2009-08-21 07:15:42
Idled boxships increase again
Along with increasing containerships idled at sea, vessels sold for scrap have also reached a record number. According to French maritime consultant AXS-Alphaliner, ships scrapped so far in 2009 have totaled 148 units aggregating 275,000 TEUs. Of tho...
2009-08-20 07:56:07
Samsung permit orders exchange
In another important step towards securing its future, Chilean shipping group CSAV has restructured orders to build seven post-panamax boxships at South Korean and Taiwanese shipyards. CSAV’s ambitious expansion plans put in place in 2007 by fo...
2009-08-20 07:53:43
Q-Ship eyes fleet expansion
Qatar Shipping is planning to take advantage of falling asset prices and distressed vessel sales to expand its fleet over the next 18 months. Chief executive Kamal Kant Kothari said that he would consider making strategic purchases and saw a numb...
2009-08-20 07:51:24
China Shipping to revamp fleet
Chinese shipowner China Shipping Development said it would embark on a major restructure of its fleet in the second half of 2009 amid tough market conditions. Hong Kong-listed China Shipping, a unit of state-owned China Shipping (Group) owns a fl...
2009-08-20 07:46:44
Maersk mulling Liners takeover
A.P. Moller-Maersk Group chief executive Nils Smedegaard Andersen recently said in an interview with a local newspaper in Copenhagen that the company has finished preparation for acquiring a bankrupt shipping company and it will first seek to buy sec...
2009-08-20 06:59:54
Start  Prev  511  512  513  514  515  516  517  518  519  520  Next  End