Shipping
Boxship market saw an uptick
Container volumes at the world's five largest container ports saw their first major uptick in months, a report said on Tuesday. "But it is still too early to call a bottom to volume declines that ports have seen since September 2009," the AXS-Alph...
2009-04-29 11:28:44
Metrostar stalls delivery of suezmaxes
Metrostar Management has further mitigated its exposure to a hefty newbuilding orderbook after the cancellation last year of 10 handysize bulkers at troubled South Korean shipbuilder Jinse. In the new move, the Theodore Angelopoulos-controlled gr...
2009-04-29 07:09:14
Dry bulk may revive, box lines not yet
Container lines are unlikely to achieve a profitable supply and demand balance in the next 12-18 months, while a recovery in dry bulk will be heavily reliant on China, an investment house has forecast. Macquarie Research, in its latest Asian shipping...
2009-04-29 07:00:27
PNSC planning to scrap 7 more
Pakistan National Shipping Corporation (PNSC) is reportedly planning to scrap seven more of its elderly ships by the end of next year. The Business Recorder claims sources say the owner wants rid of old vessels, and will potentially leave many of ...
2009-04-28 07:28:08
Iron ore big three boost capesize market
The capesize sector roared back to life last week, buoyed by the ‘Big Three’ iron ore producers and smaller charterers. “Vale, Rio Tinto and BHP Billiton have been vigorously fixing ships and this has pushed up rates. New tonnage has become ...
2009-04-28 07:17:28
Gov’t seeks to solve shipping crisis
The South Korean government held the president-sponsored emergency economic measure conference on April 23 and worked out a plan to reinforce the shipping industry's competitiveness to help the industry overcome the current crisis. It followed th...
2009-04-27 07:30:18
MR tankers see prices rise from 10-year lows
Gasoline and gasoil cargoes to Africa and the US boosted fixtures for medium range tankers in the Atlantic market this week, which saw charter rates rise from their 10-year lows. But rates for long range one tankers taking naphtha from the Middle ...
2009-04-27 07:01:22
Cosco to cancel or delay orders
China Cosco plans to cancel or postpone some of its vast portfolio of ship orders, scotching speculation that the state-controlled shipping line might be forced to increase its orderbook to support China’s shipyards. The company, the world’s b...
2009-04-24 15:09:18
MSC back into charter market
Mediterranean Shipping Co has stormed back into the containership charter market with a slew of fixtures for post-panamax tonnage that should guarantee much lower costs than many if its competitors. Chairman Gianluigi Aponte is taking full advant...
2009-04-24 07:24:34
CMB re-enters tanker market
Belgian shipping group CMB has decided to change the type and number of its ships currently on order with South Korea's Hanjin Heavy Industries & Construction (HHIC) from two 180,000-dwt Capesizes to three 115,000-dwt Aframax tankers. Delivery is sla...
2009-04-23 07:23:19
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