Shipping
4,300 ships to be scrapped by 2014
As global shipping market faces fleet oversupply situation, shipowners are increasingly planning to demolish old vessels and a senior industry executive forecast some 4,300 ships would be sold for scrap worldwide by 2014. American Bureau of Shippi...
2009-07-01 06:43:21
Gulf Navigation builds tanker fleet
Dubai-based Gulf Navigation Holding PJSC announced on June 25th that it has entered the final phase of negotiations to acquire a large-size and modern tanker fleet, according to foreign media report. Gulf Navigation said that it had been seeking oppo...
2009-06-30 07:55:04
Tanker orderbook falls 17% YoY to 1,208
A total of 358 tankers over 10,000 dwt are scheduled to be delivered in the second half of this year, although a considerable number of these are likely to be delayed into 2010. The research arm of the London-based broker Gibson said that 31m dwt ...
2009-06-30 07:46:27
Nanjing Tanker boosts fleet expansion
Shanghai-listed Nanjing Tanker Corp has secured a Yuan2bn ($293m) credit line from the Agriculture Bank of China. NTC carried out the fundraising exercise to finance its tanker fleet expansion from existing 1.8m dwt to 7m dwt in 2011. The company ...
2009-06-30 07:41:44
Great Offshore: ABG may revise offer
India's ABG Shipyard will revise its offer price for Great Offshore after Bharati Shipyard announces its offer price next week, said an ABG official. “We will wait and watch Bharati’s offer which will be made next week. There is no rationale i...
2009-06-29 06:47:06
Box lines sales to dip by $50bn
Top container lines could see over $50bn wiped off their combined revenues in 2009 as conditions continue to deteriorate, industry experts predict. A new forecast from shipping analyst Alphaliner puts the anticipated fall in revenue from 2008 lev...
2009-06-26 07:23:26
Idle boxships decreasing
According to French maritime consultant AXS Alphaliner, 517 containerships totaling 1.24 million TEUs were laid up or otherwise put on hold at sea at the world's ports and anchorages as of June 22nd. This number is equivalent to 9.7% of the world'...
2009-06-25 07:27:34
VLCCs used for clean product storage
An increasing number of very large crude carrier newbuildings are being hired to store clean petroleum products (CPP) as an alternative to land-based tankage. VLCCs and suezmax tankers are being chartered straight from the delivery yards before e...
2009-06-25 07:15:09
SCI delays fleet expansion
Shipping Corporation of India has deferred plans to buy eight vessels - including four very large crude carriers (VLCC) - in this financial year as it waits for freight demand to pick up and ship prices to decline further. "Looking at the current ...
2009-06-24 07:30:28
Navios cape NB resale deal at Sungdong
Navios Maritime Holdings is to acquire four capesize newbuilding resales for $324.5m. The Angeliki Frangou-led company said three of the ships would be purchased by companies controlled by Commerzbank. The other vessel is understood to have been l...
2009-06-24 07:12:51
Start  Prev  511  512  513  514  515  516  517  518  519  520  Next  End