Ships & Shipbuilding

Commentary

 
Obama administration to U.S. merchant marine: Drop dead. That’s the clear message from a reported plan to replace U.S. food aid and its U.S.-flag shipping requirements with a new program of cash payments for purchasing food overseas.

News & Analysis

 
23 May 2013
SinOceanic Shipping ASA said it has placed an order with China’s Jinhai Heavy Industries for 10 8,800 20-foot-equivalent
 
21 May 2013
Diana Containerships today reported a net loss of $31.8 million in the first quarter of 2013, compared with a net income of $1.9 million in the first quarter of 2012.
 
21 May 2013
Navios Maritime Holdings today reported a net loss of $10.2 million in the first quarter of 2013, plummeting from a net profit of $9.5 million in the first quarter of 2012.
Maersk Triple E ship.
 
15 May 2013
Maersk’s new 20-strong series of Triple E vessels are being built at Daewoo Shipbuilding and Marine Engineering’s Ogpo Bay yard on Geoje Island at a cost of $190 million each.
 
14 May 2013
In April, shipping lines and shipowners took deliveries of 13 new container ships with a combined capacity of 108,142 20-foot-equivalent units, according to Clarksons.
Maersk Triple E under construction in Daewoo shipyard
 
14 May 2013
Maersk Line will deploy the first 12 deliveries of its new Triple E container ships in its expanded Asia-Europe AE10 string. The first of the 20 ships in the series will make its maiden call at Busan on July 14.
TOTE's LNG Propulsion System, NAASCO Shipyard
 
09 May 2013
Liquefied natural gas may soon be the fuel of choice for shipping lines that operate largely in environmentally sensitive sulfur emissions control zones, but replacing traditional bunker fuel with LNG could make economic sense, as well.
 
09 May 2013
Global Ship Lease posted lower revenue and net income in the first quarter, but the NYSE-listed charter shipowner kept all 17 of its container vessels employed and paid down more debt.
shipbreakers in Pakistan
 
07 May 2013
A record number of container ships, including increasingly younger vessels, is set to be scrapped this year, but this won’t reduce the current oversupply of vessels, according to industry analyst Alphaliner.
 
06 May 2013
South Korea’s Hyundai Heavy Industries today confirmed it has won a $700 million order to build five of the world’s largest container ships for China Shipping Container Lines.