China Shipping Group Co., the nation’s second-largest sea-freight company, plans to buy “quite a few” dry-bulk ships this year on rising demand in Asia for shipments of iron ore and coal. “The shipping market has bottomed out from its worst period,” Li Shaode, the group’s president, said today in Beijing, where he was attending a […]
The General Cargo vessel, M/V Rim is reported to have been hijacked the morning of Feb. 3 in the Gulf of Aden to the north of the Internationally Recommended Transit Corridor (IRTC). M/V Rim is not registered with MSC HOA and has had no communications with UKMTO.
CMA CGM has reached an agreement with its its financial partners regarding a USD 500 million credit line. “This important step will enable the group to pursue the current talks regarding its debt restructuring and a capital increase planned for the second half of 2010 with the arrival of new investors. In addition, the agreement […]
The new Rob Humphreys’ Elan 450 Cruiser/Racer with twin rudders attracted buyers from all over Europe at the recent Genoa Boat Show. Positioned right at the front, in more ways than one, Elan premiered their latest exciting model /prototype with an excellent all round view and phenomenal positive feedback from the public.
Fourteen yachtsmen were rescued by helicopter from the hull of brand new 55ft yacht Bounder after it capsized with severe keel problems in a stormy Solent this Saturday, 30 June.
Megayacht builder Christensen Shipyards, which had been considering the purchase of the former Vanalco aluminum plant, on the Columbia River, has abandoned that plan and decided to build a new shipyard, near Knoxville, Tennessee. Christensen
The Valencia Louis Vuitton Act 12 begins on Thursday and this is the final competition for the year. It will also be the final time Alinghi will compete against the challengers in a match race before the America
