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China VLCC Sells Two Vessels For $133m

Yangtse SpringChina VLCC, a joint venture between China Merchants Energy Shipping and Sinotrans & CSC Holdings, is to dispose of two very large crude carriers for $133m in total.

Read more: China VLCC Sells Two Vessels For $133m

   

COSCO Confirms $1.5bn 11-Ship Order

COSCOCHINA Cosco Holdings Company has signed long-expected contracts for a fleet of 11 containerships across four Chinese yards with a total value of $1.5bn.

Read more: COSCO Confirms $1.5bn 11-Ship Order

   

Teekay Aus Adds 12 Bulk Carriers to Fleet

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Lowlands BrillianceTeekay Australia is progressively taking over management of 12 bulk carriers owned by CarVal Investors, an independent branch of the food and agricultural commodity multinational Cargill.

Read more: Teekay Aus Adds 12 Bulk Carriers to Fleet

   

Chinese Shipbuilders Pass Korean Yards

Maersk TripleE at BusanChinese yards signed more new orders than their South Korean rivals in July— the first time since the beginning of 2015, as the world’s largest shipbuilding country in terms of orderbook size took the brunt of the global newbuilding contraction.

Read more: Chinese Shipbuilders Pass Korean Yards

   

ITF Unearths Shocking Case of Seafarer Abuse in Australia

C SummitAn absolutely appalling situation was uncovered in the Australian port of Mackay where five crew members of a Korean bulk carrier were allegedly denied basic rights such as access to food and were forced to work without pay.

Read more: ITF Unearths Shocking Case of Seafarer Abuse in Australia

   

New Orders Slump at Chinese Yards

China ShipyardNew orders received by China’s shipbuilders contracted by more than 70% during the first half of this year, according to the Ministry of Industry and Information Technology.

Read more: New Orders Slump at Chinese Yards

   

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