COSCO Holdings reportedly will pay $1.95b for 16 new ships, as it continues its fleet expansion, according to a Reuters report. The company will reportedly pay $1.3b for eight 13,350-TEU containerships and eight 205,000-dwt dry bulk cargo ships for $612.8m. COSCO had said in April that it would expand its fleet by ordering $2...
read more
Athens-based shipowner Diana Containerships reported their Q4 earnings today along with news of their acquisition of the M/V Hanjin Malta, a 4,024 TEU Panamax containership from Hanjin Shipping Company. Net [...] Read Post
United Arab Shipping Company increases its fleet with more 13,500 TEU vessels; The United Arab Shipping Company (UASC) names 13,500 TEU containership in Hamburg on 25 May. Read Post
COSCO (Guangdong) and COSCO (Dalian) Shipyards have each recently delivered bulk carriers to European owners. COSCO (Guangdong) Shipyard Co., Ltd has delivered a bulk carrier of 35000 dwt, Read Post