Significant tonnage oversupply in the three major shipping sectors seems to have been avoided by the delay or cancellation of some newbuilding deliveries last year, accordingto London-based shipbroker Braemar Seascope. Braemar Seascope
Hamburg-headquartered shipowner and ship manager E.R. Schiffahrt reports that it has cancelled orders placed with the Korean shipyard Sekwang for four anchor handling tug supply vessels “due to ongoing delays in completion
Diana Shipping currently owns approximately 55 percent of Diana Containerships issued and outstanding common stock. Diana Shipping will distribute 2,667,066 shares of common stock of Diana Containerships, or 80 percent of Diana
Hapag-Lloyd yesterday ordered four containerships with a capacity of 13,200 TEU each from South Korea’s Hyundai Heavy Industries. It also bought back its company headquarters in Hamburg’s Ballindamm. Besides ordering the for
Three Iranian-owned, German-flagged ships have been impounded in Singapore. The three are set to be sold at a Sheriff’s Sale, December 14. If you want to bid,the details are HERE The Straits
German travel group TUI AG is looking to complete its exit from container shipping. The Executive Board of TUI AG and the Board of Directors of Hamburgische Seefahrtsbeteiligung “Albert Ballin” GmbH &
Classification society DNV has taken the wraps off a new crude oil tanker concept. The Triality ship is fueled by LNG, has a hull shape that obviates the need for ballast water
Classification society DNV has taken the wraps off a new crude oil tanker concept. The Triality ship is fueled by LNG, has a hull shape that obviates the need for ballast water
Rolls-Royce has signed a collaboration agreement with China’s Shanghai Bestway Marine Engineering Design Company Ltd (Bestway), a leading marine design and research company in China. The collaboration will focus upon development of
