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Cosco confirms order of 10 Newcastlemaxes

Cosco confirms order of 10 Newcastlemaxes

Shanghai - China Cosco Shipping has officially signed shipbuilding contracts for the construction of up to ten 210,000 dwt newcastlemax bulkers at Cosco Shipping Heavy Industry. The order, which is made up of eight firm vessels and two optional vessels, is Cosco’s first batch of Newcastlemax newbuildings

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CMA CGM completes public tender for CEVA

CMA CGM completes public tender for CEVA

Marseillle - Following the close of the public tender offer launched on 12 February 2019, the CMA CGM Group announced today that it will hold 97.89% of the outstanding shares and voting rights of CEVA upon settlement of the tendered CEVA shares, scheduled for 16 April 2019

Corvus supplies first all-electric workboat

Corvus supplies first all-electric workboat

Bergen - Corvus Energy will supply a 550kWh Energy Storage System (ESS) for a new all-electric skimmer workboat. The ESS will allow the boat to be in full working mode for four to five hours, and a full battery charge will take just two hours. In addition, the vessel has solar panels on board

Capesize values under pressure

Capesize values under pressure

London - VesselsValue data suggests the value of a generic fixed age 15 year old Capesize Bulker has fallen 20% from 1st November 2018 to USD 12.2 million today. By contrast, other valuers are quoting figures or estimated ranges 15-30% higher

Industry optimism high at Seatrade 2019

Industry optimism high at Seatrade 2019

Miami - Having just completed another record year, optimism remains high in the cruise industry as the business leaders, port and government officials, suppliers and other vendors all gather for one of the industry’s largest business conferences - Seatrade Cruise Global 2019 in Miami, Florida

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