Shipping
New recycling to help shipping industry
The new standard for ship recycling, ISO 30000, can help meet the challenges facing the ship demolition industry once the new (International Maritime Organisation) IMO International Convention for the Safe and Environmentally Sound Recycling of Ships...
2009-01-22 11:02:52
Scrapping increase: Smaller, Old LNG carriers
While a sense of surplus in the supply of LNG carriers is beginning to grip the market due to a shortage of cargo, the move to scrap superannuated and small LNG carriers for scrap is picking up steam among owners. According to overseas sources, Al...
2009-01-22 10:40:33
New order will come?: global economic downturn
China Classification Society general manager Chen Daoyu has predicted that the global economic downturn will create a new order for shipping. In a remarkably idealistic view of the future, Mr Chen said, impartiality and credibility would become ho...
2009-01-22 08:09:32
Excel Maritime updates fleet
Excel Maritime Carriers, an owner and operator of dry bulk carriers, announced on January 21 the delivery of a newbuild Capesize vessel as well as the cancellation of a vessel purchase agreement. Excel Maritime has taken delivery of the newbuild Cape...
2009-01-22 07:57:58
Nigeria plans to buy six tankers
The Indigenous Shipowners Association of Nigeria (ISAN) has registered a new shipping company to boost the domestic industry. The plan is to acquire two crude tankers and four products carriers by the end of the first quarter. ISAN chairman Isaac ...
2009-01-22 07:43:25
Restructuring: Shipping’s turn
In South Korea, shipping industry also got into the restructuring gunshot following construction and shipbuilding industries. Main creditor financial institutions embarked on setting up criteria for weeding out toxic firms in shipping industry. Th...
2009-01-22 06:40:56
Libya buys six Aframaxes
Libyan state-run shipping company General National Maritime Transport Co. (GNMTC) is making significant reinforcements to its tanker fleet. According to an announcement made by the company, it purchased six state-of-the-art Aframax tankers in Dece...
2009-01-21 12:56:28
255 boxships on standby: Worst levels
The number of containerships on standby at sea has reached 255 vessels as of Jan. 19, 2009. According to findings by French maritime consultant AXS-Alphaliner, 5.5% of the world's containership fleet, or 675,000 TEUs in terms of capacity, is curr...
2009-01-21 12:49:27
Eagle sells Handymax via resale scheme
U.S.-based Nasdaq listed Eagle Bulk Shipping (EBS) seems to have decided to sell a Handymax bulker newbuilding under a newbuilding resale scheme. According to foreign market reports, EBS will sell off a 56,000-dwt bulker, the Crested Eagle slated fo...
2009-01-20 08:49:26
China Shipping is waiting to scoop up vessels
Mr. Li Shaode, the President of China Shiping (Group) Company (China Shipping) said on January 13th shipping industry has not yet bottomed out, and the company is waiting for the chance to scoop up vessels as well as other small shipping companies. H...
2009-01-19 16:11:48
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