March 17th, 20200China's Yangzijiang Shipbuilding has confirmed that it has secured a major order from Graham Porter led Tiger Group for the construction of up to ten dual-fuel 14,000 teu containerships. The contracts include firm order for two ships and options for another eight. The vessels are scheduled for delivery from mid 2022 and the total...
March 9th, 20200Clarkson Research Services is reporting a notable container comeback for one of the sector’s most famous pioneers. Graham Porter-led Tiger Group Investments, via subsidiary Greathorse Tiger, has gone to a favoured yard, Yangzijiang in China, to order two firm LNG-fuelled 14,000 teu ships plus six options. The firm ships start to...
February 27th, 20200Dutch owner Triton Navigation has had more success offloading tonnage, selling its sixth ship in eight months. Shortly after shaking hands with Hong Kong dry bulk owner Taylor Maritime, selling the 2011-built Mitsui supramax Nord Fuji, a new sale has emerged. This week brokers tell Splash that Triton has let go of the 61,300 dwt...
February 26th, 20200Having been pruning its fleet of elderly tonnage of late, Hong Kong’s Valles Steamship has decided to make a rare newbuild order. Brokers report that the Koo family controlled owner has gone to Daehan in South Korea for a 115,000 dwt aframax. The ship will deliver next year and comes with a $52m price tag. Valles, which exited...
February 10th, 20200Shortly after Noble confirmed the sale of a 2012-built post-panamax, the commodity trading firm has found a buyer for another ship as its fleet clear-out continues. A Chinese leasing company is thought to have bought the 2011-built capesize for $20m, leaving Noble with just two capes left, the Aqua Honour and Aqua Splendor. Latest...
January 17th, 20200Hong Kong dry bulk owner Taylor Maritime has acquired its third supramax, the 2011-build Mitsui supramax , bringing its fleet to a total of 28 vessels. Brokers are reporting that Taylor Maritime has paid $13.7m for the vessel, acquired from Dutch outfit Triton Navigation. Edward Buttery, CEO of Taylor Maritime, confirmed the deal...
December 20th, 20190APM Terminals has signed a letter of intent for the sale of APM Terminals Rotterdam to Hutchison Ports. Hutchison Ports owns the adjacent ECT Delta terminal at Europe’s biggest port. The complete transfer of shares is based on the agreement that, in the short term, APM Terminals Rotterdam will continue to exist as an independent...
December 16th, 20191Andy Tung announced on Friday he is stepping down as co-chief executive at OOCL at the end of this month, handing over the reins at the Hong Kong-based liner to his Cosco Shipping colleague Yang Zhijian. The Tung family sold the liner business to state-owned Cosco last year for $6.3bn. Since then, the Tungs have been active developing...
December 9th, 20190The year 2019 has been a landmark one for Kishore Rajvanshy, the veteran managing director of Hong Kong’s Fleet Management. The company he has been at the helm of since its establishment turned 25 and its fleet swelled to around 500 ships, while for Rajvanshy himself there was also another personal milestone, his 70th birthday. Such...
December 4th, 20191Ships sent for scrap cannot then resurface trading again, a landmark court case has ruled. The Kenneth Koo-led Tai Chong Cheang (TCC) Group took Anil Sharma’s GMS, the world’s largest cash buyer of ships for recycling, to court after one of its capes it had sold for demolition only was found to be trading via GMS’s shipowning...
