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  • November 26, 2014
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  1. Business - Companies - SHIPPING

    Dry-bulk carriers ride new trend in energy industry

    Posted Aug 05th 2013, 12:00am by Anita Lam

    ... Anita Lam anita.lam@scmp.com Replacement of coal with wood pellets as new power source could double volume of sea trade Dry-bulk carriers ride new trend in energy industry The era ... common bulk carriers and include Supramax (50,000- to 60,000-deadweight-tonne), Handymax (40,000 to 50,000 dwt) and Handy (40,000 dwt) vessels. Wood pellets for use in biomass-fuelled power ...

  2. Business - Companies - SHIPPING

    Time to buy dry bulk bargains, says chief

    Posted Mar 06th 2013, 12:00am by Keith Wallis

    ... are certainly in the zone" to buy. "There is a lot more interest from potential buyers, and volumes in the secondhand market, particularly for bulk carriers, are running at quite high ... Japanese shipyards have traditionally built better quality bulk carriers than Chinese yards. Berglund said secondhand vessels also offered a "better return on capital" than new vessels, ...

  3. News - Hong Kong

    Typhoon Utor sinks cargo ship off Hong Kong

    Posted Aug 14th 2013, 05:35pm by Agence France-Presse in Hong Kong and Lai Ying-kit

    ... Agence France-Presse in Hong Kong and Lai Ying-kit Helicopter rescue teams saved 21 crew members from a cargo ship that sank off Hong Kong on Wednesday after Severe Typhoon Utor caused waves of up to 15 metres, officials said. The crew abandoned ship as the 190-metre-long bulk carrier Trans Summer sank 80 kilometres southwest of Hong Kong, the city’s Flying Services said. Some ...

  4. Business - Companies

    China Shipping Development posts HK$1.16b loss on weak global economy

    Posted Aug 19th 2013, 09:26pm by Allison Leung

    ... Alison Leung China Shipping Development, an oil and bulk cargo carrier, said it had a first half net loss of 923 million yuan (HK$1.16 billion), dented by a sustained downturn ... tankers and dry bulk cargo carriers in the Far East, had a fleet of about 195 vessels with a total deadweight of about 15 million tons as of April. The shipper’s venture with Sinopec Kantons ...

  5. News - Hong Kong

    Ukrainian captain in fatal sea collision off Lantau loses appeal

    Posted Feb 22nd 2013, 02:14pm by Keith Wallis

    ... of the oil rig supply ship Neftegaz-67, which capsized and sank, killing 18 crew members, after colliding with the bulk carrier Yao Hai off Lantau Island on March 22, 2008. Rejecting his appeal ...

  6. Business - Companies

    Pacific Basin Shipping weathers storm

    Posted Apr 20th 2013, 12:00am by Keith Wallis

    ... earlier this month with the Japan Bank for International Co-operation and the Bank of Tokyo Mitsubishi UFJ. The deal covers three Handysize ships and a Handymax bulk carrier that are due ... Keith Wallis keith.wallis@scmp.com Dry-bulk shipowner says good relations with charterers make it stronger than rivals Pacific Basin weathers storm Strong relations with charterers, ...

  7. Business - China Business - SHIPPING

    New orders threaten dry-bulk recovery

    Posted Jul 23rd 2013, 12:00am by Reuters

    ... Reuters in Singapore New orders threaten dry-bulk recovery A flood of orders for new vessels and slower growth in Chinese demand for commodities could derail a recovery in dry bulk ... comes at a time of slowing economic growth on the mainland, which has raised fears that its vast appetite for imported raw materials may start to wane. The ordering wave [for new dry bulk ...

  8. Business - Companies - COURTS

    HNA-owned shipping firm Grand China Shipping chased for US$60m

    Posted Apr 25th 2013, 12:00am by KIETH WALLIS

    ... could lodge claims after the meeting. Wong said Grand China "is not a shipowner". Instead, the company had 10 dry cargo bulk carriers that were chartered or sub-chartered to other ... a winding-up application against Grand China after winning a US$58 million arbitration in London over unpaid charter hire on a massive 180,000 dwt iron ore and coal carrier leased to Grand China. ...

  9. Global Energy expansion benefits maritime industry

    Posted Aug 09th 2013, 05:27pm by Michelle Phillips, Christina Liedke, Stacey Johnson, Joonyoung Kim and Laleh Larijani

    ... of their ships because they would lose time, meaning money, if they overstay in the harbour." With 23 modern tankers, Global Energy services container ships, tanker fleets and bulk carriers ...

  10. Business - Money - SHIPPING

    Tough times test insurers' bonds with shipowners

    Posted Jan 08th 2013, 12:00am by Keith Wallis

    ... charter rates for massive supertankers are down about 40 per cent from what they were in 2010. Rates for massive bulk carriers carrying iron ore and coal are down 75 per cent in the same period and now barely cover operating costs. Commenting about the outlook for the shipping market this year, Tim Huxley, chief executive of tanker and larger bulk carrier operator Wah Kwong Maritime ...




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