Sector
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Hyundai Heavy set to sign official deal with KDB for DSME takeover
South Korean shipbuilding major Hyundai Heavy Industries (HHI) is set to sign an official contract with Korea Development Bank (KDB)…
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K Line braces for dire results, initiates sweeping reforms
K Line has once again been forced to make changes to financial forecasts, warning today that its net loss for…
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Solomons PM vows to chase owner of grounded bulker
The caretaker prime minister of the Solomon Islands has told the mining companies, shipowner and P&I Club connected to the…
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Hanjin Heavy creditors agree on debt-to-equity swap deal
South Korea’s state-owned policy bank Korea Development Bank (KDB) has announced that creditors of the financially troubled Hanjin Heavy Industries…
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Methanol backer takes swipe at proponents of hydrogen
The backers of hydrogen as an alternative fuel for shipping to meeting its 2050 decarbonisation pledge have come in for…
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Weekly Broker: Panamaxes lead the revival
As sub-cape ship sizes claw back earnings on the dry bulk side owners have been more willing this week to…
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Ship recycling transparency gains traction
The first report of the Ship Recycling Transparency Initiative (SRTI) was launched at TradeWinds’ Ship Recycling Forum 2019 in Hong…
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Pan Ocean orders kamsarmax pair at CSSC Chengxi
South Korean shipping group Pan Ocean has placed an order at Chinese state-run yard CSSC Chengxi for two 85,000 dwt…
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Morrision acquisition doubles size of pipelay fleet
Louisiana based energy services company Chet Morrison Contractors (Morrison) has acquired two pipelay/construction barges and a saturation diving system. The…
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Global tank container fleet jumps 11% led by China
ITCO, the International Tank Container Organisation, has published its seventh annual tank container fleet survey. This year’s survey estimates that,…
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Helsinki Bridge suffers another mishap
A boxship operated by Japan’s Kawasaki Kisen Kaisha (K Line) hit severe weather yesterday morning in the Atlantic resulting in…
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Shandong Shipping sets up asset management jv with Eddie Steamship
Chinese state-run shipping group Shandong Shipping has announced a plan to establish a new asset management company with Taiwanese owner…
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Leonhardt & Blumberg: Box demand side worries
The container shipping market is still facing some uncertainties ahead, however the worry is coming more from the demand side…
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Zodiac linked to K Line VLCC transaction
Sources are dripping new information into last week’s sale of Kawasaki Kisen Kaisha’s (K Line) oldest VLCC, the 2007-built ,…
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Maersk’s Skou bows out of box shipping’s arms race
The instigator of the so-called ‘arms race’ or supersizing of container shipping is downing weapons, claiming boxship sizes have plateaued…
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CMA CGM’s debt levels to soar above $15bn this year
Alphaliner has warned CMA CGM’s debt levels are set to soar this year while earnings dip. The world’s third largest…
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Solomon Trader owner denies crew were out celebrating Chinese new year at time of grounding
One month and one day on from the ship’s grounding, the insurer and the owner of the finally issued a…
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Greek owners eye more Chinese financial leasing
Chinese ship financing, especially leasing, has increasingly become an important financing source for Greek shipowners, which are known for their…
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Nisshin puts kamsarmaxes up for sale as newbuilds start to flood in
Japan’s Nisshin Shipping is looking to offload three modern kamsarmaxes from its fleet as it makes way for an influx…
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Finaval sells MR2 tanker to Falcon Navigation
Rome-based owner Finaval is selling one of the last few tankers in its fleet, according to broking sources which report…
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