At least 45 of the largest dry-bulk vessels were re-sold in 2012 while being built at shipyards because delays led to cancellations or the original orderer defaulted on the contract, RS Platou Economic Research said.
Most of the re-sales of Capesize- or Panamax-sized ships, used to transport coal, iron ore and grains, were from Chinese shipyards, according to the Oslo-based research unit of Norway’s biggest shipbroker. The sales contributed to a doubling in the number of such vessels sold in 2012 compared with the prior year, RS Platou said, without providing a figure.
Values for re-sold vessels dropped 15 to 20 percent over the year, with discounts partly attributed to some shipyards’ older or poorer designs, Platou said.
Major General Mikhail Gudkov, deputy head of the Russian Navy who was praised and promoted by President Vladimir Putin, has been killed in action, depriving Moscow of one of its most senior officers, the Russian military said on Thursday.
Washington Governor Bob Ferguson has selected Florida-based Eastern Shipbuilding Group to build three new 160-vehicle hybrid-electric ferries in a contract valued at $714.5 million. The Washington State Ferries (WSF) will...
In one of the UK’s largest drug seizures of the past decade, UK Border Force officers have seized cocaine with an estimated street value of £96 million (USD 130 million)...
July 2, 2025
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