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  1. Jinhui companies warn of first-quarter profits drop

    Posted May 09th 2012, 12:00am

    ... the market outpaced cargo demand in recent months, depressing charter rates. This was particularly severe for larger ships including 180,000 deadweight tonne (dwt) Capesize vessels. The firm has about 40 ships in its fleet, including 33 Supramax vessels of about 56,000 dwt and two Capesize ships. British shipbroker Clarkson said average earnings for Supramax and Capesize vessels were ...

  2. Jinhui net profit slumps 75pc in first quarter

    Posted May 31st 2012, 12:00am

    ... fell close to or below some shipowners' cash break-even levels. He said two dry bulk Capesize ships, which can carry about 170,000 tonnes of iron ore or coal, were chartered to other operators at a loss last June after the previous high earning contracts were terminated. The average time charter equivalent earnings for each of the Capesize ships was US$10,750 a day in the first ...

  3. Industrial shipowners may squeeze charter deals

    Posted Apr 23rd 2011, 12:00am

    ... squeeze the volume of charter contracts open to dry bulk shipowners. Newbuilding statistics from British shipbroking house Clarkson show 353 capesize dry bulk cargo ships totalling almost 70.8 million deadweight tonnes are on order, of which 137 are more than 200,000 dwt. At least 57 of these ultra large capesize vessels are directly linked to cargo-owning shipowners, including 31 ...

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

    Posted Nov 14th 2011, 12:00am

    ... that 2012 and 2013 would see a large influx of new dry cargo Capesize ships, typically above 180,000 deadweight tonnes (dwt), which haul iron ore and coal. Clarksons, the British shipbroking house, estimated that there were 493 dry cargo Capesize ships, totalling 97.8 million dwt, on order for delivery from now to 2014 and beyond. In tonnage terms this was equivalent to 41.1 per cent ...

  5. Supply glut is a bigger risk than carriers

    Posted Oct 04th 2011, 12:00am

    ... million tonnes of iron ore per year. In comparison, China imported 130.9 million tonnes of iron ore from Brazil last year. If the Malaysian hub was created, smaller Capesize ships of 115,000 dwt ... far this year, shipowners had ordered an equal volume of tonnage as of September. Despite a recent rally in Capesize charter rates, which hit US$43,477 per day last week for a voyage from ...

  6. Bulk carriers help fill Rongsheng order book

    Posted Jul 02nd 2011, 12:00am

    ... in 2009. Confirmation of this year's ship deliveries came after the shipyard said it recently secured orders from three European shipowners for 10 205,000 dwt dry cargo Capesize bulk carriers ... million and US$70 million. The shipbuilder said the deal for the Capesize ships was placed by a European ship owner and was one of the largest contracts won by a mainland shipyard this year. ...

  7. Price war looms for shipyards on the mainland

    Posted Apr 18th 2011, 12:00am

    ... million cheaper than a South Korean rival for a new 180,000 deadweight tonne capesize dry bulk carrier. The current price for a capesize bulk carrier at a mainland shipyard is about US$53 million. ...

  8. Courage Marine bearish on market

    Posted Dec 10th 2011, 12:00am

    ... They were capable of operating in more ports in developing countries than larger Panamax and Capesize ships. This flexibility meant vessel charter rates held up better in a depressed shipping market, he said. Clarkson said the average charter rate for a Supramax vessel last year was about US$30,000 per day but had dropped to US$19,200 this year. By comparison, the rate for a Capesize ...

  9. Fears supersized carriers may corner market

    Posted Aug 01st 2011, 12:00am

    ... carriers from other owners. These are more than twice the size of conventional Capesize dry cargo ships of around 180,000 dwt. But Vale's move has caused consternation among the shipping ... a slump in charter rates because so many new Capesize vessels have been delivered. Fewer cargoes would also reduce the number of cargo fixtures handled by shipbrokers, which could cut ...

  10. Lean times offer new bargains for ship buyers

    Posted May 21st 2012, 12:00am

    ... was the recent acquisition by Bocimar, a major Belgian shipowner, of two 176,000 deadweight tonne (dwt) Capesize vessels for about US$36.5 million each that are due to be delivered next month by Zhoushan ... At the height of the dry bulk market four years ago the price of a new similar Capesize ship was nearly US$100 million. Huxley said higher fuel prices, which have averaged more than US$700 per tonne ...




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