Category Archives: Sale & Purchase

SCI to postpone chunk of scheduled vessel orders to 12th plan

Posted on November 17, 2011 by Editor

State-owned Shipping Corporation of India (SCI) will not order more than 6-7 vessels during the terminal year of the 11th plan period due to lean market conditions, leaving a chunk of its orders for 2012-17 period. “We have ordered 26 … Continue reading →

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India: Global Offshore to buy 3 more ships; to invest Rs 750 cr

Posted on November 13, 2011 by Editor

The Mumbai-based Global Offshore Services plans to acquire three new vessels to take advantage of the expected buoyancy in demand for offshore oilfield services. Order for one of them, costing around $50 million, is expected to be placed in the … Continue reading →

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Shanghai to Offer Incentives to Shipping-Related Industries

Posted on November 8, 2011 by Editor

 As a city striving to become an international shipping center, Shanghai is brewing a complete package of favorable policies for its shipping-related industries. The new policies are hoped to significantly bring down shipping companies’ tax liabilities to levels similar to … Continue reading →

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Shipping Corporation of India Receives New Supramax Bulk Carrier

Posted on November 6, 2011 by Editor

The Shipping Corporation of India (SCI) accepted delivery of a Supramax bulk carrier, m.v. Vishva Prerna, on November 1, Exim News Service reports. The vessel has gross tonnage of 33,185 tonnes and deadweight of 57,161 tonnes. It has been classed … Continue reading →

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Ship Value: New Container Ships Fall 31% in Value as Rents, Economies Cool

Posted on November 6, 2011 by Editor

New container ships’ value dropped as much as 31 percent since April because of falling hire costs and cooling economies, according to Seasure Shipping Ltd.Post-panamax vessels that are too large to navigate the Panama Canal are worth $73.2 million, below … Continue reading →

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Tanker market volatility more obvious than ever

Posted on November 1, 2011 by Editor

Tanker owners are having to withstand significant challenges when planning out their chartering strategies, as evidenced by the major highs and lows that the markets can experience within a short period of time. The latest analysis from London-based Gibson points … Continue reading →

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Ship finance in China: key developments and challenges

Posted on November 1, 2011 by Editor

China’s shipbuilding industry has developed rapidly over the past few years partly due to strong demand for newbuilding vessels from Chinese shipowners. China had set its sights on becoming the world’s biggest shipbuilder by 2009, and by 2010/2011 China will … Continue reading →

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NYK, Evergreen, Hanjin trio launches ICS to link Far East with India from Oct 29, 2011

Posted on October 30, 2011 by Editor

Source: dstnews JAPAN: Three container lines from Japan, Taiwan and South Korea will launch a Far East – West India direct service starting from 29 October, 2011. The service, named India-China Service (ICS), will be operated by a line of … Continue reading →

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SCI to invest Rs 3,700 cr. on 24 new vessels

Posted on October 30, 2011 by Editor

Source: dstnews MUMBAI: The state-run Shipping Corporation of India (SCI), will spend Rs.3700 crore in the ongoing fiscal to acquire 24 new vessels across categories. “Our capital expenditure for 2011-12 is Rs 3,700 crore and this will be used for … Continue reading →

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