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 Features  Fleet News  
Yes, It's Time to Say "Thanks to Billion" to China

By Dr Martin Stopford      9 May 08

The 2008 Forbes's Rich List has 28 new billionaires in China, compared with 35 new entrants from Russia and 19 from India. China's richest person, a young lady called Yang Huiyan, lost $10m last year and could still be on the List. Now that’s rich. But one of the really rewarding aspects of China's enterprise in the last decade is that a fair chunk of this wealth has rubbed off on the shipping industry.

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 Tanker  Bulk  Newbuild  Cont  Other
 
  Markets Updated   
VLCC   With holidays in the East, a quiet week was seen in the MEG 6 May 08  
Suezmax   The Med Market softened as the strike in Lavera eased 6 May 08  
Aframax   Average earnings increased slightly, by 3% w-o-w 6 May 08  
Clean Products   A reasonably quiet week was seen west of the Suez.... 6 May 08  
Dirty Products   Trans-Atlantic rates firmed by WS7 points... 6 May 08  
S&P Tankers   OSG has sold the double hulled “PACIFIC RUBY”... 6 May 08  
Bunkers   Todays Daily Bunker Prices - 07/05/08 7 May 08  
 
 
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• 10 4,760 HP Harbour Tug Built 1999
• 101 Hyodong Chemi 2,339 DWT Chemical & Oil Carrier Built 1995
• 18 De Marzo 55,787 DWT Chemical & Oil Carrier Built 1977
• 21 Guang 15,141 DWT General Cargo Tramp Built 1971
• 22 May 3,420 HP Harbour Tug Built 1991
• 2393 145 GT Cutter Suction/Bucket Wheel Dredger Built 2006
• 26 Agustos 52,413 DWT Bulk Carrier Built 2002
• 2Go 1 444 TEU Fully Cellular Container Built 1984
• 3 Maj 64,850 DWT Bulk/Oil Carrier Built 1988
• 5 de Septiembre 2,600 HP Coastal Tug Built 1972
• 50 Let Pobedy 3,505 Dwt. m. Icebreaker Built 2007
• 503 Hae Ryong 4,200 HP Harbour Tug Built 1986
• 705 24,791 cu.ft. Reefer Built 1981
• 77 Heung Duck 64,167 cu.ft. Reefer Built 1985
• 7-Seas 3,804 HP Supply Built 1982
• A 31 1,600 HP Harbour Tug Built 1979
• A 32 1,600 HP Harbour Tug Built 1979
• A 33 1,600 HP Harbour Tug Built 1979
• A C Brown Elevator Lift Boat Built 1980
• A Dragon 22,291 DWT Shuttle Tanker Built 1983
   
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