November 8th, 20190Taiwanese bulker operator Taiwan Navigation has announced newbuilding orders of two bulk carriers at two Japanese yards as it continues to expand its fleet. The company will order a 80,000 dwt bulker and a 60,000 dwt bulker at Namura Shipbuilding and Oshima Shipbuilding respectively. Total value of the contracts is $64.1m. Taiwan...
October 30th, 20190Royal Boskalis Westminster and its Taiwanese partner Hwa Chi Construction have been awarded the foundation scope for the Taiwanese Changfang and Xidao offshore wind farm (CFXD OWF) project owned by Copenhagen Infrastructure Partners (CIP). The contract workscope includes the transportation and installation of 62 three-legged jacket...
October 7th, 20190Taiwan’s Franbo Lines has acquired 2008-built Imabari handy size bulker , according to broker reports. Franbo has paid Danish investment group ID Management $7.8m for the vessel, according to Seasure Shipbrokers and Advanced Shipping & Trading, slightly higher than the $7.42m valuation from VesselsValue. The sale will leave...
October 3rd, 20190Subsea 7 has been awarded a contract for the installation of the submarine cable system on an offshore wind farm project in Taiwan. Offshore activities are expected to commence in 2022, however no further details were given due to contractual obligations. Subsea 7 described the contract as sizeable, which puts the value between...
September 27th, 20190Taiwanese conglomerate Formosa Plastics has shaved another handysize tanker from its fleet.
So far this year the active outfit has let go of a tanker for each month of 2019 and September is no different.This week it sold the nine-year-old, 46,829 dwt Chinese-built to compatriot Winson Group for...
September 16th, 20190Taiwan Cement has announced that its shipping unit, Ta-ho Maritime, has placed an order at Japanese yard Sumitomo Heavy Industries for the construction of up to three 84,200 dwt kamsarmax bulk carriers. The shipbuilding contract comprises a firm order for two ships and option for one additional ship. The company will decide on the...
August 26th, 20190The fallen Taiwanese shipping magnate Nobu Su is appealing his 21-month prison sentence. Su, the head of TMT, was jailed in London at the end of March for contempt of court, having been detained by British police in January over a long-running battle Su had with Polys Haji-Iannou, the head of World Tankers Management, over an FFA deal...
August 14th, 20190The board at Evergreen Marine, Taiwan’s largest shipping line, has approved plans to bring in its largest ships, orders that could see the Chang family-controlled line leapfrog Ocean Network Express (ONE) and Hapag-Lloyd into fifth spot in the global liner rankings. Evergreen said it is looking to add eleven 23,000 teu ships, five...
August 12th, 20190News of carrier fines for misdeclaration of cargoes continues to filter in with Taiwan’s Evergreen issuing the highest penalties seen by Splash to date. Evergreen has told clients that any omission, concealment or misdeclaration of hazardous cargoes that it finds will result in fines of $35,000 per container. A host of other...
July 29th, 20190Bulker owner Taiwan Navigation has acquired a 15-year-old supramax bulker from US owner Eagle Bulk. According to multiple shipbroking sources, Eagle Bulk sold its 2004-built 50,300 dwt bulker to Taiwan Navigation. The Japanese-built vessel has fetched a price of $7.3m. Taiwan Navigation recently sold two 2014-built vessels, the...
