Frank Coles revealed to staff today he has resigned as the CEO of Wallem Group, just over two years since he was appointed to the role at one of Hong Kong’s best known maritime brands. Coles, who replaced Simon Doughty in October 2018, is understood to be keen to return to Florida and to establish …
Taicang Container Lines, the shipping unit of Taicang Port, has entered into shipbuilding contracts with Tsuneishi Zhoushan Shipbuilding for the construction of three 1,091 teu boxships. The vessels will be used for feeder shipping services between China and Japan, and deliveries are scheduled in...
BIMCO has crunched the numbers for dry bulk movements over the past 12 months to highlight China’s dominant position. Overall, total tonnes transported by the dry bulk shipping industry fell by 1.3% to 5.49bn tonnes, from 5.56bn in 2019, which is however still higher than the 5.46bn tonnes shipped...
https://splash247.com/chinese-imports-heading-for-50-market-share-of-the-dry-bulk-market/
Charterers are coming under pressure to resolve the dry bulk standoff on China’s coastline that has stranded more than 1,100 seafarers. Shipmanagers, shipping associations and seafarer unions have urged government and relevant shipping parties to fix the stranded crew issue at the coal ports in...
https://splash247.com/charterers-under-pressure-to-resolve-chinese-coal-carrier-impasse/
The entire assets of Titan Quanzhou Shipyard has been sold in an online auction one year after the shipyard entered into liquidation process. The shipyard assets were first listed for auction in November but the auction failed due to no bidders. In the second around of the auction, the assets were...
https://splash247.com/titan-quanzhou-shipyard-sold-in-auction/
Baumarine by MaruKlav, the panamax pool managed by Klaveness and Marubeni, has welcomed Taiwan’s First Steamship as its latest member. First Steamship has entered the 2013-built , delivering it into the pool earlier this month. Michael Jorgensen, managing director of Baumarine, said: “First...
https://splash247.com/first-steamship-joins-baurmarine-pool/
Chinese dry bulk operator Ningbo Marine has announced the acquisition of 2013-built 76,000 dwt panamax bulker . The vessel was acquired from Seacon Shipping for a price of $14.62m, higher than VesselsValue’s valuation of $13.6m. Ningbo Marine is currently in the middle of a fleet optimisation...
https://splash247.com/ningbo-marine-buys-panamax-bulker-from-seacon/
A Taiwanese fishing vessel rescued all 22 crew from a Panama-flagged bulk carrier which sank this morning in the Philippine Sea. The was carrying a cargo of timber from Papua New Guinea to China when the cargo shifted, the ship listed sharply and took on water. An emergency call was placed at 3.50...
https://splash247.com/all-22-crew-rescued-as-bulk-carrier-sinks-in-the-philippine-sea/
An extraordinarily cold winter across East Asia is sending prices for coal and LNG through the roof, and sparking sensational growth in freight rates for LNG carriers and capesizes as utilities scramble to keep their customers warm. The cold snap – widely tipped as being down to the polar vortex, a...
https://splash247.com/polar-vortex-drives-gas-and-coal-prices-to-new-highs-freight-rates-leap/
Hubei Sanlian Logistics has announced a plan to order a total of six 5,000 dwt chemical tankers. The total investment on the project is RMB195m ($30.1m) and construction is expected to start this year. The shipyard has not been revealed. According to the company, the new ships will bring the...
https://splash247.com/hubei-sanlian-logistics-orders-six-chemical-tankers/