December 6th, 20180Winson Group’s shipping arm has put two ships it has just bought up for sale. The Taiwanese company is moving fast; one of the ships involved has not even been renamed yet. Winson is not known for its asset plays, having only sold one ship in the last five years.
In October Winson tapped fellow Taiwanese owner Formosa Plastics for...
November 14th, 20180TS Lines from Taiwan has taken on its largest ever ship. The company has chartered the 8,533 teu from Germany’s Zeaborn for three months for a price Alphaliner is reporting at $12,500 a day. The ship will go on a route from China to India and Pakistan, a service operated with Evergreen, ONE, Hapag-Lloyd, Yang Ming, Feedertech, COSCO...
October 17th, 20180Taiwanese conglomerate Formosa Plastics is having a fleet clearout with a host of different ship types put in the shop window in recent weeks.
The company, the world's sixth-largest chemical producer by chemical sales, has let go of two of its oldest long range tankers. The two 70,400-dwt sized & , fetched $7m each, a very low...
October 4th, 20180A small general cargo ship belonging to Taiwan’s Elite Marine Transportation sank yesterday off the southwest of the island and authorities are warning ships in the area to look out for floating containers south of the Penghu archipelago.
The ship, , developed a heavy starboard list on Tuesday after a number of containers moved on...
September 26th, 20180Taiwanese bulker operator Wisdom Marine has placed an order at Dalian Cosco KHI Ship Engineering (DACKS) for the construction of two ultramax bulkers.
According to shipbroking sources, the two 61,530 dwt newbuildings are scheduled for delivery in 2020. The price for each vessel is around $30m.
Wisdom Marine has been expanding its...
September 19th, 20180Sincere Navigation, one of the biggest shipping players on the Taiwanese stock exchange, has sold of one of its oldest capes marking its first sales move in years. The 15-year-old 172,316 dwt was sold to Greece’s Moundreas for $14.5m, signficantly less than the fair market value MSI gives the ship.
Sincere’s fleet is comprised of...
September 18th, 20180Ten years on from the start of the global financial crisis Taiwanese shipping magnate Nobu Su has a book out looking at how the world economy was plunged into chaos. Today he gives Splash readers a taste of what to expect from The Gold Man From The East.
I grew up on the docks of Taiwan and Japan, sailing between both countries on my...
September 17th, 20180Taiwanese shipping company Wan Hai Lines’s chairman Chen Ching-Shih has been accused of breach of trust by a business partner in a dispute over a private investment.
Denise Li, a Taiwanese businesswoman and former Miss Taiwan, formed a joint venture called Prosperous Global China Holding with Chen in 2015 looking at real estate...
September 13th, 20180Taiwan’s Woen-Jinn Habour Engineering has signed a major offshore cable installation contract with Danish energy firm Orsted.
Under the NTD1bn ($32.5m) contract, Woen-Jinn will install a significant amount of array cables for the Greater Changhua wind farm project to be construction in 2021.
Woen-Jinn will also invest in a new...
September 5th, 20180Taiwanese owner Hsin Chien Marine has placed an order at Japan’s Shikoku Dockyard for the construction of three 38,600 dwt handymax bulk carriers.
According to broking sources, the price for each vessel is in the region of $25m and deliveries are scheduled in 2019 and 2020.
Hsin Chien currently operates a fleet of 28 bulkers and...
