Singapore-based shipbuilder JES International Holdings Limited reported that four of its Chinese subsidiaries started legal proceedings against Ju Li Li, a former administrative assistant at one of its China-based subsidiaries, for the illegal possession of JES’ administration records, as well as th
Singapore-based shipbuilder JES International Holdings Limited reported that four of its Chinese subsidiaries started legal proceedings against Ju Li Li, a former administrative assistant at one of its China-based subsidiaries, for the illegal possession of JES’ administration records, as well as th
Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of Drewry’s Container Census report. The container equipment index price hit a 10-year low in June 2015, falling below USD 1,750 per
Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of Drewry’s Container Census report. The container equipment index price hit a 10-year low in June 2015, falling below USD 1,750 per
The National Shipping Company of Saudi Arabia (Bahri) has exercised option for construction of additional five Very Large Crude Carriers (VLCCs) at Korean shipbuilder Hyundai Samho Heavy Industries. The option was given in a contract signed with the yard on May 21st that purports construction of 5+5
The National Shipping Company of Saudi Arabia (Bahri) has exercised option for construction of additional five Very Large Crude Carriers (VLCCs) at Korean shipbuilder Hyundai Samho Heavy Industries. The option was given in a contract signed with the yard on May 21st that purports construction of 5+5
China Huarong Energy Company Limited, formerly known as China Rongsheng Heavy Industries Group Holdings Ltd, said that the shipyard sale and purchase agreement between the company and the potential purchaser has not been concluded before the expiry of the MOU. The sale, which forms part of the restr
China Huarong Energy Company Limited, formerly known as China Rongsheng Heavy Industries Group Holdings Ltd, said that the shipyard sale and purchase agreement between the company and the potential purchaser has not been concluded before the expiry of the MOU. The sale, which forms part of the restr
German container line Hapag-Lloyd will fit 24 of its largest vessels with new bulbous bows by 2016, and some will also be fitted with optimized propellers in an effort to reduce fuel consumption and produce fewer emissions. The bulbous bows are as high as a truck and weigh about 250 tonnes. The bulb
German container line Hapag-Lloyd will fit 24 of its largest vessels with new bulbous bows by 2016, and some will also be fitted with optimized propellers in an effort to reduce fuel consumption and produce fewer emissions. The bulbous bows are as high as a truck and weigh about 250 tonnes. The bulb
Chinese shipbuilder COSCO Zhoushan Shipyard Co., Ltd has delivered a 64,000 DWT bulk carrier, named Kambos, to its European buyer Lomar Shipping. The vessel measures 199.90 meters in LOA (length of all), 32.26 meters in breadth and 18.5 meters in depth. Kambos is a sister vessel to bulk carrier Quee
Chinese shipbuilder COSCO Zhoushan Shipyard Co., Ltd has delivered a 64,000 DWT bulk carrier, named Kambos, to its European buyer Lomar Shipping. The vessel measures 199.90 meters in LOA (length of all), 32.26 meters in breadth and 18.5 meters in depth. Kambos is a sister vessel to bulk carrier Quee
Nasdaq-listed diversified shipping company Capital Product Partners L.P. (Capital) has acquired the 2015-built chemical/product tanker M/T Amadeus, the third of five dropdown vessels the company had agreed to buy from its sponsor, Capital Maritime & Trading Corp. The 50,000 dwt M/T Amadeus was built
Nasdaq-listed diversified shipping company Capital Product Partners L.P. (Capital) has acquired the 2015-built chemical/product tanker M/T Amadeus, the third of five dropdown vessels the company had agreed to buy from its sponsor, Capital Maritime & Trading Corp. The 50,000 dwt M/T Amadeus was built
