Shipping
VLCC heat to cool down
Accelerating VLCC prices are expected to slow as values are racing ahead of the charter market, a leading analyst says. Martin Sommerseth Jaer of Arctic Securities says a five-year-old VLCC is labelled at $91.2m at present, up by $1.2m in a week ...
2010-06-09 08:25:41
Idle boxships keep shrinking
Idle containership capacity continues to shrink with almost 30 vessels returning to work in the past two weeks, Alphaliner says. Its latest report shows 234 boxships laid-up compared with 263 a fortnight ago. In capacity terms the idle fleet ...
2010-06-09 08:14:16
Pertamina to add 20 ships
Pertamina Shipping, an offshoot of Indonesia’s state energy group, will enhance its fleet by around 20 vessels over the next 30 months with the majority scheduled for delivery in 2011. These include a pair of 23,000 cu m liquefied petroleum gas ...
2010-06-09 08:11:26
Taiwanese active in bulker orders
Taiwanese Chinese Maritime Transport (CMT) and U-Ming Marine Transport (U-Ming) both launched newbuilding plan. Yesterday U-Ming held shareholders meeting, to announce newbuilding of two 206,000-dwt Capesize ships ordered from Shanghai Waigaoqiao...
2010-06-08 10:02:17
Hanjin gears up for 10,000TEU
South Korea’s Hanjin Shipping is gearing up for the delivery of its biggest ever series of boxships with the arrival later this month of the first of the five 10,000-teu leviathans. Sources said the first ship was Hanjin China, which would be fo...
2010-06-08 08:09:55
Seanergy blames recent new orders
Seanergy boss hits out at owners behind recent newbuilding tonnage orders. Owners behind the 25.4m dwt of dry bulk newbuilding tonnage ordered in the first five months of this year have been labelled “plain daft” by Seanergy Maritime Holdings...
2010-06-08 07:37:32
Yujin newbuilding options lapse
Yujin International has allowed options for two chemical tanker newbuildings to lapse due to concerns about oversupply. The Singapore small tanker operator ordered two 5,500-dwt IMO II tankers plus two options at an unnamed Chinese yard in March ...
2010-06-08 07:30:15
Greeks order 33 kamsarmaxes
Greek shipowners have committed more than $1bn on kamsarmax orders alone to date this year as the dry bulk sector attracts the majority of Greek newbuilding contracting. According to new figures compiled by Piraeus newbuilding broker George Moundr...
2010-06-07 07:22:47
Seaspan buys 4,250-teu resale
Seaspan has confirmed that it is to buy a 4,250-teu containership resale from China’s Zhejiang Shipbuilding for $43m. It says it is close to chartering the ship to United Arab Shipping Co (UASC) for two years from 1 July 2010 for $20,000 per da...
2010-06-07 07:06:26
Capesize index soars to the highest
The Atlantic and Pacific Capesize Indexes compiled by UK shipbroker SSY have both reached year highs. The Pacific Capesize Index has climbed above 10,000 points for the second time this year, up by 1,269 points from the previous week to a year-to...
2010-06-04 08:38:25
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