Chinese owners AVIC Leasing and Zhejiang Jinpu have signed up for fresh dry bulk tonnage at compatriot yards. The leasing arm of Aviation Industry Corporation of China has returned to New Dayang Shipbuilding for four more 63,000 dwt ultramax newbuilds, lifting its orderbook at the yard to six. The...
https://splash247.com/avic-leasing-and-zhejiang-jinpu-book-bulker-newbuilds/
Adam Polemis-led New Shipping has struck a profitable VLCC deal, selling the 21-year-old 319,000 dwt Good News for $35m, a ship New Shipping bought from Euronav six years ago for $21m. The ship has already been delivered to its new owners, Hong Kong-based Unitop Group, and it has been renamed...
Chinese bulker operator Jinhui Shipping and Transportation has returned to buying mode shortly after disposing of its oldest vessel. The Oslo- and Hong Kong-listed company has snapped up a 2014-built ultramax paying around $20.4m. Brokers reported in June that the 63.800 dwt ship was sold to an...
https://splash247.com/jinhui-shipping-picks-up-ultramax-for-20-4m/
China has debuted a new-sized container, albeit one that is unlikely to take to sea. China Railway Group’s 50 foot containers will be used on the nation’s intermodal express trains. By Splash estimates, there are now eight different length containers trading around the world – 10 ft, 20 ft, 30 ft,...
Electronic bills of lading (eBL) for energy transportation and bulk shipments are now happening with COSCO’s bulk divisions joining the Hong Kong-headquartered blockchain platform Global Shipping Business Network. Traditionally, both bulk and energy shipments have relied heavily on letters of...
https://splash247.com/cosco-bulk-divisions-embrace-electronic-bills-of-lading/
Singapore-based bulker owner Grindrod Shipping has reached an agreement to acquire two shipmanagement companies from Taylor Maritime Group. The Ed Buttery-led firm is to take over Taylor Maritime Management and Tamar Ship Management in a $11.75m cash and shares deal. Following the acquisition,...
https://splash247.com/grindrod-seals-deal-to-buy-taylor-maritime-group-shipmanagement-units/
Hong Kong-listed Seacon Shipping has raised fresh capital via the sale and leaseback of one of its newbuilds. The Qingdao-based shipowner and operator has sealed a deal with Bank of Beijing Financial Leasing to sell the 13,500 dwt general cargo ship for $21.25m. The vessel will deliver this month...
https://splash247.com/seacon-unlocks-cash-in-fresh-sale-and-leaseback-deal/
COSCO Shipping Energy Transportation (CSET), the oil and gas shipping unit of COSCO Shipping Group, is buying into three LNG carriers Japan’s Mitsui OSK Lines (MOL) has lined up for construction at Hudong-Zhonghua Shipbuilding. The Chinese state-owned shipping giant will acquire a 49% stake in each...
https://splash247.com/cosco-takes-stake-in-mols-three-lng-newbuilds/
Lan Chun Sheng-led Wisdom Marine has cuts its exposure to the large bulk carrier segment. The Taiwanese mammoth has been temping the market for months with two 11-year-old, 208,000 dwt newcastlemaxes called Blue Horizon and Clear Horizon. The company finally agreed on a sale with Germany’s Neu...
https://splash247.com/wisdom-marine-sells-two-newcastlemaxes/
Chinese boxship operator SITC International Holdings is expanding its owned fleet with the acquisition of five secondhand ships and two new units under construction from a company associated with its chairman, Yang Shaopeng. The Hong Kong-listed shipowner has sealed a deal with SITC Investment to...
https://splash247.com/sitc-boosts-owned-fleet-with-seven-ship-deal/