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Shipping
Intertanko appoints new president
Tanker owners’ group Intertanko has appointed a new chairman to replace Nicholas Fistes, who hsa stepped down due to his additional business commitments. Mr. Fistes is set to become the head of New York-listed Greek shipping group Aries Maritime, w...
2009-11-12 10:19:42
Diana will continue fleet expansion
Diana Shipping’s long awaited vessel acquisition spree may launch within the next month and could include brand-new tonnage as falling newbuilding prices divert attention away from secondhand deals. when reporting its third quarter results, chairma...
2009-11-12 05:18:55
Five-year takes for clear
It will take five years before the idle fleet of containerships is cleared despite the effects of delayed newbuilding deliveries and cancelled orders, AXS-Alphaliner warns. Tied up capacity will, however, be reduced to zero in early 2014, a year...
2009-11-11 12:18:30
CMA CGM take delivery of new 13,300TEU
DSME delivered the CMA CGM Group's new flagship. The "CMA CGM CHRISTOPHE COLOMB" (13,300 TEU) is one of the world's largest containerships with a length of 365 m, breadth of 51.2 m and a draft of 15.5 m. Operated on the Asia / Europe trade, will...
2009-11-11 12:13:37
Dry bulk show recovery signs
After last week’s increase of 9.4%, yesterday the Baltic Dry Index (BDI) entered its seventh straight week of rise in dry bulk rates, with the index rising by 87 points at 3,480. Capesizes were once again the main driver with an increase of the BCI...
2009-11-11 05:23:22
Greek bulker fear
Fears are growing for a Greek bulk carrier which has disappeared in the Indian Ocean this morning. According to local sources, 53,629-dwt Delvina (built 2007) was lost early Thursday sparking suggestions from Naval sources the ship has been hijac...
2009-11-10 11:39:25
Maersk line joins TSA
Maersk Line has reapplied to join a 'talking shop' for lines operating between Asia and Europe in the hope of preventing the industry’s woes from getting worse. The Danish owner has applied for membership of the Transpacific Stabilization Agree...
2009-11-10 05:28:03
U-Ming net downs
According to industry sources, Taiwan's U-Ming Marine Transport Corp continues to see its profit slashed in tougher markets this year. The Taipei-listed company posted net earnings of TWD 4.2bn ($129.83m) to 30 September, compared to TWD 8.48bn i...
2009-11-10 05:12:32
Owners welcome newbuilding delays
Shipowners hope to turn newbuilding deferments to their advantage by modifying ship designs and incorporating green technologies that were overlooked in the ordering rush of recent years. At a time when there is still little good news and far too...
2009-11-09 05:28:56
GE delay to cancel orders
An attempt by India's Great Eastern Shipping (GE Shipping) to cancel more orders may be too late. The Mumbai-based owner announced in August a plan to cancel one tanker and one bulker to cut its investment risks. But GE Shipping boss Bharat Sheth ...
2009-11-09 05:15:03
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