Shipping
Golden Ocean in at Navios
Golden Ocean has splashed out $48.1m to build up a holding in Angeliki Frangou's Navios Maritime. Consolidation was the initial driver of the move but John Fredriksen’s Golden Ocean says further purchasing of Navios shares is now on ice. Herm...
2008-12-02 10:39:07
20% of world capesize fleet idle
Golden Ocean Group Ltd., the shipping line chaired by Norwegian billionaire John Fredriksen, said more than a fifth of the world’s fleet of capesize vessels for hauling coal and iron ore has been idled after fees collapsed. Shipping rates slump...
2008-12-02 10:10:57
Marine Capital pays up not to take Zodiac newbuilding
London-based Marine Capital has cut a deal with Ofer Group to avoid taking delivery of the second of two newbuildings. The two 2,500-teu boxships were purchased from Ofer company Zodiac Maritime Agencies last December for around $50m each. Since ...
2008-12-02 08:56:06
Cardiff capesize sale signals 70% drop in values
George Economou's Cardiff Marine has finally sold one of its capesize bulkers after months of renegotiations at a large discount. The sale is also the first time a capesize has been sold for further trading since the summer. Sources close to the ...
2008-12-02 08:51:51
Cido cranking up tanker disposals
A Far East player has sold another aframax with more to follow. Cido Shipping could be set for a further reduction in its tanker fleet. The Hong Kong-headquartered owner is said to have sold one aframax and appears keen to dispose of another seve...
2008-12-02 08:46:54
Golden Ocean to keep six bulkers
An Oslo-listed player has six unsold ships on its hands and a sizeable deposit after the collapse of Britannia Bulk. The collapse of Britannia Bulk has left Oslo-listed Golden Ocean Group holding on to six newbuildings it had agreed to sell to the An...
2008-12-02 08:41:03
Dockwise secures $45m in near- and mid-term contract awards
Dockwise Ltd. announces nine near and midterm contracts awarded to its subsidiary, Dockwise Shipping, for the transportation of jack-up and semi submersible drilling rigs, dredging equipment and various other cargoes. Total revenues for the contracts...
2008-12-01 07:05:30
Capesize owners split by decision to fix or lay-up ships
While rates continue to plunge, capesize owners find themselves into two camps. One group, including a large proportion of Asian owners, is prepared to still play the market, fixing time charter deals that at least pay the cost of vessel insurance...
2008-12-01 06:58:49
Cargill snaps up capesize for $1,000 per day
Dire capesize conditions saw Cargill fix a Mitsui OSK Line relet for $1,000 per day, as the Baltic Exchange average time charter rate was at its lowest-ever level recorded. US-based commodities multi-national Cargill fixed the 180,180 dwt, 2007-built...
2008-11-27 06:44:37
Ocean cashes in
Ocean Tankers Holdings has booked a $5m profit following the opportunist sale of a vessel it had for only five months. The Cyprus-listed company sold the 12,750-dwt Gemi (built 2008) for $28 million to an undisclosed buyer. Ocean paid just unde...
2008-11-26 07:03:53
Start  Prev  551  552  553  554  555  556  557  558  559  560  Next  End