May 21st, 20190CSBC-DEME Wind Engineering, a joint venture between Belgian company DEME Group and Taiwanese shipbuilder CSBC Corporation, has signed a contract with Copenhagen Infrastructure Partners (CIP) to transport and install wind turbines for two offshore wind projects in Taiwan. CIP is currently developing three offshore wind projects off...
May 17th, 20198Officials at Yang Ming, the world’s eighth largest containerline, have dismissed the latest call for the line to merge. Writing on LinkedIn yesterday, Lars Jensen, CEO of SeaIntelligence Consulting and widely regarded as one of the world’s top container shipping analysts, suggested Yang Ming’s continued poor financial...
May 15th, 20190Taiwanese containerline Yang Ming has announced that it will form a new subsidiary with partners in Jakarta. The new unit PT Yang Ming Shipping Indonesia will be officially lanuched on May 16. Benson Chou has been nominated as president director of the company. Yang Ming said the new subsidiary in Indonesia will help strengthen the...
May 13th, 20190Taiwanese bulker operator Wisdom Marine is looking to dispose of more aging vessels this year as part of the company's fleet optimisation plans. The company said it has already sold one vessel this year and planned to sell another five vessels. Wisdom Marine will take delivery of two panamax newbuildings later this year and the...
April 29th, 20190Taiwan's state-run Taiwan Power Company (TPC) is currently in negotiations with potential partners to set up a bulk shipping joint venture to expand its presence in shipowning in order to meet its coal shipping demands. Splash understands that two Taiwanese domestic shipping companies, U-Ming Marine and Kuang Ming Shipping, and...
April 29th, 20190Taiwanese conglomerate Formosa Plastics fleet clear-out continues. Just before Easter, the outfit let go of its oldest VLCC, while this week its has put three of its oldest handysize tankers in the shop window. The handysize segment is where the world’s sixth largest chemical producer by chemical sales has most ships, counting 17...
April 17th, 20190The Panama Canal is set to receive its first 20-row across boxship transit. The 14,424 teu , which Evergreen has on charter, will head through the waterway on May 15, marking another milestone in the evolution of the enlarged canal. According to Alphaliner, the vessel features a 20-rowbeam of 51.20 m and an length overall of 369 m,...
April 15th, 20190Taiwanese bulker owner Taiwan Navigation continues to optimise its fleet, having signed newbuilding contracts with Japan's Oshima Shipbuilding for the construction of two 81,600 dwt kamsarmax bulk carriers. Delivery of the two ships are expected in 2022 and the total price is $66.22m. Last month, Taiwan Navigation placed orders at...
April 11th, 20190Taiwan’s Yang Ming Marine Transport Corp and Shoei Kisen Kaisha of Japan have signed further charter agreements for four 11,000 teu containerships yesterday. The four new vessels – to be built by Shoei Kisen’s sister firm, Imabari Shipbuilding - will be delivered in the first three quarters of 2022. Yang Ming had ordered another...
April 5th, 20190Nobu Su, the fallen shipping magnate currently residing at Her Majesty’s Pleasure in Pentonville prison in north London, is understood to have tapped human rights experts in a bid to get himself out of jail. Su was found guilty last Friday on 15 of 17 counts of contempt of court. Once of one of Asia’s largest shipowners, in charge...
