Shipbuilding
Pan Ocean chooses New Times for newbuilds, again
Korean shipowner Pan Ocean has returned to New Times Shipbuilding in China for a series of bulker newbuildings. According to foreign media and brokerage industry, the shipowner has placed an order for two 63,500-dwt bulkers plus one optional u...
2018-08-14 16:27:28
A newbuilding caught fire at New Yangzi
A bulk carrier newbuilding caught fire at New Yangzi shipyard of Yangzijiang Shipbuilding (Holdings) on Saturday. Local media reported that the fire started from a cabin around 11am on August 11th. The fire was put out in a few hours and no ca...
2018-08-14 07:12:00
Keppel abandons Baku Shipyard
Keppel Corporation of Singapore, which has seen a poor performance in offshore business despite the current oil price recovery trend, turns out to have abandoned management of its Azerbaijan-based affiliate Baku Shipyard.  Keppel establis...
2018-08-14 07:09:20
BW secures 3rd FSRU charter
It turned out that BW LNG, an affiliate of Singaporean shipowner BW Group, will use its new FSRU for Brazil's gas plant project.   According to industrial sources and TradeWinds, BW LNG signed a contract with Gas Natural Acu (GNA), a...
2018-08-14 07:05:49
SHI considers unpaid leave
Samsung Heavy Industries (SHI) is said to have considered carrying out its very first unpaid rotational leave system against a backdrop of falling order cover. According to industrial sources, the Korean shipbuilding giant suggested the unpaid...
2018-08-14 07:03:31
Tianjin Xingang wins Kamsarmax BCs
Fortune Ocean Shipping of China has reportedly ordered Kamsarmax bulkers from its compatriot shipbuilder Tianjin Xingang Shipbuilding. According to TradeWinds, the Chinese shipowner has booked additional four 82,000 dwt bulkers at the shipyard...
2018-08-13 07:10:26
Dole seeking fleet renewal in China
US agricultural giant Dole is tipped to order up to four reefers for fleet renewal, it is said. According to TradeWinds, the company has sent in inquiries for 2+2 2,500-teu containerships to multiple Chinese yards. According to the report, the...
2018-08-13 07:09:20
ICBC-Vitol ink S&LB deal for tankers
ICBC Financial Leasing (ICBCFL), an affiliate of the Industrial and Commercial Bank of China (ICBC), signs a Sale and Leaseback deal with Vitol of the Netherlands, one of the largest oil traders in the world, for 11 tankers.  ICBCFL seems...
2018-08-13 07:08:46
CHN–US trade war expected to harm TK market
The China–US trade war has a negative effect on the outlook for 4Q tanker shipping market, Allied Shipbrokers noted.  George Lazaridis from the Greek shipbroker said China, the main importer of the US oil this year, is now to discourage...
2018-08-13 07:08:09
"Idle boxships double at year-end"
A report predicted that idle container tonnage may double to the current level at the end of the year. According to Alphaliner, the current idle tonnage amounts to 341,000-teu at the end of July, and the number may reach up to 750,000-teu due ...
2018-08-13 07:06:31
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