Shipping
Greeks in ordering spree
Their country might be bust, but Greek shipowners are once again showing a largesse at Asian yards not seen for a long time. Brokers report that the Greeks ordered a total of nearly $780m in bulkers and tankers in March. April figures are likely ...
2010-04-26 07:05:16
Oil tanker market recovers
Norwegian shipbroker RS Platous issued report that one-third of Suezmax tankers delivered this year had already entered market in the first quarter and gained charter contracts successfully. Fortunately the charter freight is not influenced due to...
2010-04-23 09:56:40
MOL boxship unit to return to profit
Mitsui OSK Lines’ president Akimitsu Ashida has detailed plans to return the company’s containership division to profit within the next year. The division is expected to post a loss of ¥57bn ($611m) in the financial year ending March 2010...
2010-04-23 08:35:47
Pacific eyes boxship buy
Pacific Shipping Trust, the Singapore-listed ship investment vehicle linked to Pacific International Lines, is seeking to expand its containership fleet as the recovery in the boxship sector continues. The trust said it was “actively on the look-ou...
2010-04-23 08:33:51
Fleet expansion stormed Taiwan
Most Taiwanese shipping companies have showed optimism on upcoming global economy climate. As a result, the fleet expansion plans came out one after another. Chinese Maritime Transport (CMT) purchased three new ships from Shanghai Waigaoqiao Ship...
2010-04-22 09:47:19
OOCL’s revenue up nearly 20%
Orient Overseas Container Line (OOCL) recently issued operation report of 1st quarter. OOCL wined an excellent beginning in 1st quarter. The revenue of previous months reached $1.1bn, rising by 18.9% against last year. The Asia to Europe route ...
2010-04-22 09:46:29
KLC took 'Rosemary'
Korea Line Corporation (KLC) announced on Apr, 20th that it took delivery of a 180,000DWT bulker ‘Rosemary' from compatriot yard Daewoo Shipbuilding & Marine Engineering (DSME). Lee Jin-bang chairman of KLC, Jang Do-soo president of Korea South...
2010-04-22 07:21:10
Wan Hai Lines keeps watching
As Evergreen’s compatriot rival, Wan Hai Lines pointed that the company didn’t have any newbuilding plan recently. Referring to Evergreens huge expansion plan, Wan Hai showed that actually the company had already triggered newbuilding project...
2010-04-21 10:46:04
10,000-TEU newbuild means suicide?
As is reported earlier, Evergreen’s new-round expansion plan really shocked the world. The 8000TEU sized boxship dominated the newbuilding project. Container shipping is closely related with global economy climate. The shipowners were storming t...
2010-04-21 10:44:56
CMA CGM takes delivery of newbuild
CMA CGM has taken delivery of its latest newbuilding from Samsung Heavy Industries in South Korea. The 8,500-teu CMA CGM Figaro was handed over on Tuesday and will join the Cimex service that covers the Asia-Middle East Gulf trades where both volu...
2010-04-21 08:13:08
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