Shipping
Laskaridis eyeing cancellation of 75K BC
Greek owner Laskaridis Shipping appears to be eyeing the possibility of canceling its order for seven 75,000-dwt bulkers earlier placed with emerging Chinese shipyard Penglai Zhongbai Jinglu Ship Industry. Laskaridis is tilting toward order cance...
2009-05-13 14:09:49
10.3% of boxship fleet on hold
According to AXS-Alphaliner, the number of containerships on hold at sea, at ports and anchorages across the world as of May 5 was 511 units, totaling 1.31 million TEUs. The total number of boxships on standby makes up 10.3% of the world's boxship...
2009-05-13 13:59:03
Shipping to suffer two more years
Shipping markets face at least two more years of strife as newbuildings stifle rates, Tor Olav Troim says. John Fredriksen’s lieutenant also feels the time is not yet right to pick up bargain vessels in the second hand market. In an interview...
2009-05-13 08:03:17
Some box lines would not survive recession
Container shipping faces a long recession that will force some lines out of business, AP Moller-Maersk chief executive Nils Andersen predicted. But he cast doubt on whether urgently-needed consolidation could be achieved, given the character of t...
2009-05-13 07:34:36
Dry bulk shipping expects stable recovery
Last week brought back the smile on dry bulk ship owners’ faces, with the leading gauge of the market, the Dry Bulk Index (BDI) practically rallying to reach 2,214 points. While Monday proved a day for the market to “catch its breath”, the ...
2009-05-12 12:50:56
Vale buys more capes
Vale, the world’s largest iron ore exporter, is looking to buy more capesize bulk carriers as it plans to boost sales of iron ore to China by 30%. Record shipments to China in the first quarter and the collapse in vessel values have combined to acc...
2009-05-12 07:43:20
United action needed to scrap old ships
Shipowners need to take collective and concerted action to scrap older vessels that are more than 23 years of age in an effort to revive troubled shipping markets, the head of one of China’s largest private shipowners said. Hebei Ocean Shipping...
2009-05-12 07:39:37
Restructuring needed to attract new capital
The shipping industry must undertake a wholesale restructuring if it is to attract new equity capital and debt financing, First International chairman Paul Slater (pictured) told the Mare Forum Italian shipping conference in Sorrento yesterday. Mr...
2009-05-12 07:19:21
Investment funds turn to Hellenic shipping
Lured by the huge drop of ship values, together with a better freight rate environment, investment schemes around the world are converging into Piraeus lately, seeking to reach lucrative deals with distressed ship owners or even acquire shipping loan...
2009-05-11 11:27:15
Delphis hopes to fix 2,500-teu newbuilding series
Containership owner and operator Delphis believes it can avoid laying up a series of 2,500-teu boxships under construction at Germany's Volkswerft Stralsund yard. The Antwerp-based company hopes to charter out the ships but is also considering usi...
2009-05-11 07:15:20
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