CDB Financial Leasing, the leasing unit of China Development Bank has announced the acquisition of six 60,000 dwt ultramax bulk carriers from German owner Oldendorff Carrier for a total price of $137.1m.
An overnight drop in US stock markets on coronavirus concerns saw listed shipowners take a battering.
Chinese state fund injects $447m into SinoOcean to promote the sale of idle offshore assets
The latest sales, as reported by Greece’s Lion Shipbrokers, are among PIL’s last big boxships, offloading sister ships Kota Pemimpin and Kota Petani.
German vessel operator Hapag-Lloyd is converting a former UASC ship, the 15,000TEU Sajir, to operate on LNG fuel.
A Swedish consortium aims to launch commercially by 2025 a wind-driven car carrier that will emit 90% less carbon dioxide than a conventional roll-on/roll-off (RoRo) cargo ship, it said on Thursday.
A week after announcing that it was suspending payments to its financial creditors to preserve liquidity while it seeks to refinance, Genting Hong Kong announced a larger anticipated loss but also provided more details on its situation.
Despite a volatile energy shipping market, Russian shipowner PAO Sovcomflot reported a 10% increase in time charter revenues from gas and offshore operations, to US$342M for H1 2020
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