Shipping
Utkilen cancels three chemical tankers
Norwegian shipowner Utkilen has cancelled an order for three 9,500-dwt chemical tankers at Italian shipyard Cantiere Navale De Poli. The ships had been scheduled for delivery in 2008 and this year but this January, the yard entered into a voluntar...
2009-07-13 06:41:46
MSC delays delivery of mega-boxships
Mediterranean Shipping Co (MSC) has clinched new delivery dates for some of its mega-boxships on order. The world's second-largest container shipping line is said to have pushed back deliveries for some of its leviathans. MSC chairman Gianluigi...
2009-07-13 06:37:23
Vizag Steel aims to build its own fleet
Indian steel producer Vizag Steel is looking at buying its own bulker fleet. Vizag is the latest Indian state-controlled steel maker planning to set up its own shipping arm. The company is making the move amid indications of dissatisfaction among ...
2009-07-10 14:41:32
Doubts over EU ship scrapping scheme
Brussels’ ship scrapping plans face rough going after Europe’s shipowners expressed doubt any such scheme would be feasible. The European Commission is understood to be looking to transfer a successful car scrapping scheme to the maritime sec...
2009-07-10 07:27:27
Japan at the top in panamax orders
Japanese shipowners have the highest number of panamax bulkers on order surpassing both Greek and Chinese owners. About 135 ships, or nearly 30%, of the panamax orderbook of 474 ships are for Japanese account, according to Barry Rogliano Salles (B...
2009-07-09 17:31:20
Idled boxships decrease
Laid up containerships across the world as of July 7th totaled 1.21 million TEUs in terms of capacity, according to findings by French maritime consultant AXS Alphaliner. The total volume of idled space equates to 9.5% of the world's boxship flee...
2009-07-09 07:18:57
Greek bought 46 secondhand worth $500m
Hellenic shipping companies, although at a slower pace, still appear rather active in the secondhand S&P market. According to ship researcher Clarksons, for the period from the beginning of the year and until the end of May, they had invested abo...
2009-07-08 17:17:45
Goulandris buys Metrostar newbuildings
NJ Goulandris has emerged as the buyer of two newbuilding suezmaxes sold by Metrostar, brokers said Tuesday. It was reported last week that Greece's Metrostar sold the 160,000-dwt tankers under construction at Hyundai Heavy Industries for $72m api...
2009-07-08 07:29:45
Shipping firms sell ships to Kamco fund
Some of South Korea’s leading shipping companies are among maritime operators aiming to take advantage of a sale-and-leaseback fund led by state-controlled Korea Asset Management Corp. Hanjin Shipping, Hyundai Merchant Marine and STX Pan Ocean have...
2009-07-08 06:49:34
Suezmax resale fetches $72m
Greek owner Metrostar Management has sold two Suezmax tanker newbuildings in a resale deal for $72 million apiece, according to a foreign media report. The 160,000-dwt vessels are due for completion at Hyundai Heavy Industries in October 2009 and...
2009-07-07 12:25:09
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