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  1. China's shipbuilders need technology to keep edge

    Posted Nov 10th 2011, 12:00am

    ... and environmentally friendly vessels and ship machinery as well building higher value ships including passenger cruise liners. China has tussled with South Korea for the title of the world's largest shipbuilding nation for the past two years. But while South Korean shipyards have concentrated on building high value and sophisticated vessels such as drill ships and ultra-large containerships ...

  2. Shipping company seeks opportunities in market weakness

    Posted Mar 07th 2011, 12:00am by Keith Wallis

    ... years of high earnings,' Nyborg said. As a result they could be forced to sell their vessels at a discount while the ships are still under construction at shipyards. Or they could forfeit ... Keith Wallis Surging new ship deliveries and fewer cargoes are exerting downward pressure on freight rates, and with the dry bulk cargo market left in the doldrums as a result, now might ...

  3. HK's Anglo-Eastern picked to run first 'Chinamax' ship

    Posted Apr 23rd 2011, 12:00am

    ... Anglo-Eastern is on course to manage all seven of the ships built by Daewoo Shipbuilding and some of the vessels constructed by China Rongsheng. This would continue a relationship that started almost ... Keith Wallis A Hong Kong ship management company is overseeing the day-to-day operation of the first in a series of 'Chinamax' ultra-large dry bulk cargo ships ...

  4. Shipyards sail into rough seas as new orders dry up

    Posted Nov 01st 2011, 12:00am

    ... year on year to 29 million dwt, it said. A glut in China's shipping overcapacity is being exacerbated by a recent 67.2 per cent jump to 7.86 million tonnes of completed ships in September ... of built ships that have received firm orders from customers fell from 98.3 per cent in the peak year of 2008 to 70.9 per cent this year, and this is projected to fall to 68 per cent in 2012 ...

  5. Judge approves sale of seized cargo ship

    Posted Jan 14th 2011, 12:00am by Keith Wallis

    ... Keith Wallis Admiralty judge Anselmo Reyes yesterday approved the sale of the 1988-built dry bulk cargo ship Admiral T, which was detained by law firm Norton Rose Hong Kong after arriving in Hong Kong on December 28. Advertisements inviting bids for the 40,474 deadweight tonne ship will be placed in newspapers and the details of the vessel will be circulated to prospective buyers. ...

  6. Courage Marine bearish on market

    Posted Dec 10th 2011, 12:00am

    ... of dry bulk shipping company Courage Marine said. Hsu Chih-chien, the company's chairman, said: 'The main problems in the international bulk shipping market recently are due to the imbalance of supply and demand between the number of vessels and the amount of cargo and increased operating costs, which will not improve until 2012.' Hsu said oversupply of ships would ...

  7. KC Maritime intensifies dry cargo focus

    Posted Nov 04th 2011, 12:00am

    ... Panamax bulk carriers under an order worth about US$200 million placed with a South Korean shipyard. The ship, the 82,000 deadweight tonne (dwt) Darya Ma, has already left the shipyard on its first revenue-earning voyage bound for Australia to load a cargo of coal. KC Maritime chartered the ship, which has an operating life of 25 to 27 years, for five years to Resource Marine, ...

  8. More orders for China Rongsheng

    Posted Dec 09th 2011, 12:00am

    ... billion this year after securing a deal to build up to 20 oil tankers for a mainland shipping company. The contract was inked with Global Union Shipping, a previously unknown company that industry ... Global Union took its total order book so far this year to more than 40 ships with a total contract value of more than US$2 billion. By comparison, the shipbuilder had won contracts worth about ...

  9. China seen as key for iron ore, shipping firms

    Posted Nov 14th 2011, 12:00am

    ... Keith Wallis keith.wallis@scmp.com China will remain the world's key iron ore market for mining companies and the global dry bulk shipping industry, despite concerns about the future of the country's infrastructure boom and an easing of foreign direct investment, shipping experts say. 'Fundamentally, I am bullish about China,' Ragu Raghunath, Noble Chartering senior executive ...

  10. OOCL bemoans drop in freight rates

    Posted Jul 21st 2011, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Orient Overseas Container Line, the Tung-family controlled container shipping company, has faced 'difficult' trading conditions in the first ... of new ships, including the 8,888 teu OOCL Beijing in April, led capacity to climb 18.3 per cent. But the rise in container volumes failed to match this growth in capacity after the overall load ...




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