COSCO Shipping, the world’s fourth largest containerline, has ordered a dozen 14,000 teu ships at a sister firm in Jiangsu province rounding off one of the busiest months for global containership orders ever. The state-run line is paying $2.15bn for the methanol dual-fuelled ships which will be...
Greater China
Apeejay Shipping adds its second vessel of the year
India’s Apeejay Shipping has emerged as the taker of a ship sold by China’s Rewood Ocean Shipping Co (ROSCO), tabling an undisclosed amount for the 2005-built ROSCO Ginkgo, a Japanese-built, 75,000 dwt bulker. This marks Apeejay’s second purchase since May. Four months ago it added a...
https://splash247.com/apeejay-shipping-adds-its-second-vessel-of-the-year/
Shanghai futures market shows liner fortunes plummeting
Looking at the futures market being traded in Shanghai, analysts at Asia-based container consultancy Linerlytica are predicting box freight rates from Asia to Europe will tumble by more than 70% by June next year. The Containerized Freight Index Futures (CoFIF) has been in existence for a year...
https://splash247.com/shanghai-futures-market-shows-liner-fortunes-plummeting/
Taiwan’s CMT books newcastlemax newbuilds at CSBC
Taiwan’s Chinese Maritime Transport (CMT) has set out to expand its dry bulk fleet with up to four newcastlemax newbuilds at a domestic yard. The owner of 14 bulkers spread across capsize and newcastlemax segments has contracted CSBC Corporation for a pair of 210,000 dwt units and secured options...
https://splash247.com/taiwans-cmt-books-newcastlemax-newbuilds-at-csbc/
Nantong Xiangyu set to reopen nearby bankrupt yard
Nantong Xiangyu Shipbuilding & Offshore Engineering is set to expand production capacity by around 60% having made the RMB440m ($62m) winning bid to take over a nearby bankrupt yard. Nantong Xiangyu is taking over Jiangsu Hongqiang Ship Heavy Industry, a yard with three docks along the Yangtze...
https://splash247.com/nantong-xiangyu-set-to-reopen-nearby-bankrupt-yard/
MSC signs strategic cooperation framework with fast-emerging Chinese yard
Hengli Heavy Industry, a fast-emerging shipbuilder from Dalian, has signed a strategic cooperation framework agreement with Mediterranean Shipping Company (MSC) in Geneva. The collaboration will cover a wide range of areas, including newbuilds, engine manufacturing, ship repair, and vessel...
https://splash247.com/msc-signs-strategic-cooperation-framework-with-fast-emerging-chinese-yard/
Continental Kapital Shipping launches in Hong Kong
Continental Kapital Shipping Company has held an opening ceremony bringing together some of the big names in Chinese shipping. The company is a 50:50 joint venture between SeaKapital Holdings and Seacon Shipping established in Hong Kong. The company focuses on the acquisition, ownership,...
https://splash247.com/continental-kapital-shipping-launches-in-hong-kong/
Amoysailing Maritime seals winning bid for Chinese ultramax
Amoysailing Maritime from Xiamen in China has been nailing one ship deal after another, this time, its second top bid at an auction in months. Sources tell Splash that the Chinese owner has taken advantage of the ongoing summer lull at an online auction sale tabling $27.8 m for the 2017-built...
https://splash247.com/amoysailing-maritime-seals-winning-bid-for-chinese-ultramax/
Wah Kwong orders LR2s at Hengli Heavy
Clarksons Research is reporting Hong Kong shipowner Wah Kwong Maritime Transport Holdings has ordered four 113,500 dwt LR2 tankers at Hengli Heavy Industry in northeast China. No price has been revealed for the contract with the ships delivering in 2027 and 2028. The ship type is a new one for Wah...
https://splash247.com/wah-kwong-orders-lr2s-at-hengli-heavy/
Navigator inks ethylene carrier orders in China
New York-listed Navigator Holdings is expanding its fleet with a pair of 48,500 cu m liquefied ethylene gas carriers newbuilds. The world’s top player in the handysize LPG carrier segment has contracted Jiangnan Shipyard in China to build and deliver the vessels in March and July of 2027 at about...
https://splash247.com/navigator-inks-ethylene-carrier-orders-in-china/