Shipping has not faced such upheaval since the start of containerisation, argues Peter Stokes, the chairman of the Global Maritime Forum in an exclusive interview with Maritime CEO today. Stokes, who also heads up shipping at investment bank Lazard, is in Hong Kong for the two-day forum, the redux...
https://splash247.com/global-maritime-forum-defining-moment-for-shipping/
“Playing poker blind with half the cards,” was how moderator Thomas Söderberg, the founder of Tribini Capital, introduced the choices facing owners with the global sulphur cap less than 15 months’ away. In a one-off special 2020 Vision panel at yesterday’s Maritime CEO Forum in Hong Kong, owners,...
https://splash247.com/maritime-ceo-forum-sulpur-cap-like-playing-poker-blind-with-half-the-cards/
Glory Maritime International, a new shipping company set up by Hong Kong shipowner John Koo, has officially signed shipbuilding contracts with China’s Wuhu Shipyard for the construction of up to ten 63,500 dwt ultramax bulk carriers. The contract includes firm orders for four ships and options for...
https://splash247.com/john-koo-re-enters-shipping-with-ultramax-order-at-wuhu-shipyard/
Chinese state-run bulk entity Shandong Shipping has ordered five firm 180,000 dwt capesizes at Shanghai Waigaoqiao Shipuilding, according to Clarkson Research. The contract comes with options for five more capes and marks a very significant expansion for Shandong Shipping. The ships are due for...
https://splash247.com/shandong-shipping-orders-up-to-10-capes/
Tuesday afternoon sees the Maritime CEO Forum return to the Foreign Correspondents’ Club (FCC) in the heart of Central, Hong Kong with one of the best lineups of speakers assembled in the three-year history of our forums. Kicking off proceedings in the packed Main Dining Room of the FCC, Dr Adam...
https://splash247.com/maritime-ceo-forum-returns-to-hong-kong-with-all-star-lineup/
I am somewhat bemused by news headlines here in Australia and abroad that China’s response to the US shows a weakness, particularly pointing to the tariffs on LNG as an own goal of sorts. Furthermore, with some suggesting that business will relocate their businesses out of China as trade relations...
https://splash247.com/chinas-clever-tariff-tiff-with-the-us/
Pacific International Lines (PIL) has got an old friend to come in and buy its shares in subsidiary Singamas, the world’s second largest manufacturer of containers. Sources in China tell Splash that Cosco has tabled a bid to take Singamas off PIL’s books, providing some cash for the containerline,...
Taiwanese bulker operator Wisdom Marine has placed an order at Dalian Cosco KHI Ship Engineering (DACKS) for the construction of two ultramax bulkers. According to shipbroking sources, the two 61,530 dwt newbuildings are scheduled for delivery in 2020. The price for each vessel is around $30m....
https://splash247.com/wisdom-marine-orders-ultramax-pair-at-dacks/
China’s Cosco Shipping Lines has opened a new office at Sarajevo in Bosnia and Herzegovina to expand its presence in the region. Cosco Shipping conducts business in Bosnia and Herzegovina through local joint venture Cosco Shipping Dragon Maritime Company. The company currently uses the Rijeka port...
https://splash247.com/cosco-shipping-sets-up-sarajevo-office/
Hong Kong’s Fleet Management has bought out NAESS Ship Management for an undisclosed price, bringing the company’s managed fleet closer to the 500-ship mark. NAESS traces its roots back to 1973 and over the years has managed a wide variety of vessel types. Its existing mix of ships are bulkers and...