Shipping
Tycoon returns to Daewoo
Greece’s largest shipowner Angelicoussis Shipping Group may be poised for a return to ordering newbuildings, signaling life is at last returning to the newbuilding market. The shipping group, which includes a dry bulk division under Anangel Mar...
2010-01-06 06:07:42
Small lines resilient
Shortsea and regional container lines have weathered the industry collapse far better than global carriers that suffered massive financial losses last year. In contrast to the big lines, many smaller operators ended 2009 in the black, or close to...
2010-01-05 07:29:17
Odfjell awarded $43m for yard delays
Norwegian tanker owner Odfjell has been awarded $43.8m in damages for the delays and cancellation of vessels ordered from Russian shipyard Sevmash, foreign media reports. The Bergen-based operator was awarded the damages by the Stockholm arbitrat...
2010-01-05 07:24:49
K Line shuffles top management
Japan’s Kawasaki Kisen Kaisha, Ltd. (K Line) decided at a board meeting to assign Hiroyuki Maekawa, the company’s present President and CEO, to Chairman of the Board and Kenichi Kuroya, Managing Director of K Line Pte Ltd, to the company’s Pres...
2010-01-04 07:11:12
Things can only get better
Out with the old, on with the new - which can only be good news for the maritime industry, according to Maersk Line Asia-Pacific ceo Jesper Praestensgaard, who describes 2009 as 'the worst year for both the shipping industry and Maersk Line since Wor...
2010-01-04 07:07:58
China cautious over prospects
China’s shipping industry remains cautious about the prospects for 2010 according to the China Shipping Prosperity Index from the Shanghai International Shipping Institute, foreign media reports. Institute research centre analyst Zhou Dequan sa...
2010-01-04 07:05:28
China top vessel buyer
China has beaten Greece as the largest buyer of dry-cargo vessels in 2009 as it snapped up over a quarter of the ships sold, a renowned Greek broker says. Chinese owners bought 186 bulkers in 2009, 66 more than the traditionally market leading Gr...
2010-01-04 06:53:03
SCI eyes boxship buys
Shipping Corp of India (SCI) is looking to acquire three containerships in the next few weeks. The latest plan comes just after it expressed its intention to scrap its boxship business last month following the continued downturn in the global cont...
2009-12-30 08:24:46
Diana to buy eight more
Diana Shipping may buy as many as eight more bulkers over the next two years after returning to the sale and purchase market Monday, a leading analyst says. Urs Dur of Lazard Capital Markets believes Diana’s purchase of the 76,400-dwt Theresa He...
2009-12-30 08:20:09
Vessel lay-up slows
Seven weeks after receiving the first approval for a ship to be laid up in the Geltinger Bucht, no German shipowner has yet used the area to lay up a vessel, foreign media reports. Lübeck shipping authority head Henning Dierken said that appr...
2009-12-30 08:06:47
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