February 4th, 20190Winson Group has pocketed up to $4m from some very quick asset plays. The Taiwanese firm has completed the sale of two elderly tankers - (now renamed Sino Pacific) and the (renamed Super Lotus).
Broker sources vary on how much the two ships fetched, with one broker report saying $18m en bloc while another report puts the en bloc...
January 11th, 20190Four of Taiwan’s largest maritime companies are joining forces to tap into the island’s fast developing offshore wind sector.
Shipowners Yang Ming and Taiwan Navigation along with shipbuilder CSBC and the island’s port body, Taiwan International Port Corp, have signed a memorandum of understanding to provide shipping and...
December 27th, 20180
Taiwan Navigation is developing its kamsarmax fleet. The
owner has placed orders in Japan for four 80,000 dwt ships, split evenly
between Oshima Shipyard and Namura Shipbuilding. The ships are Tier III
compliant and will come with scrubbers when they deliver in 2020. No price has
been revealed.
Taiwan Navigation currently has four...
December 21st, 20182A senior executive from Cosco leapt to his death from a high-rise hotel in Taipei early this morning.
Jia Libin, the 39-year-old managing director of China Shipping Development (Hong Kong) Marine, a subsidiary of Cosco Shipping Energy Transportation, jumped from a window of the 15th floor of the Sunworld Dynasty Hotel in the Taiwanese...
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...
