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Greater China
China struggles to get back to work
Beijing decided over the weekend against officially extending the Lunar New Year holidays for another week. However, today was marked…
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Greater China
Yang Ming boxship arrested in Australia over pollution cleanup debt
Taiwanese shipping line Yang Ming Marine Transport’s 4,250 teu containership was arrested at Port Botany in Australia on Sunday at…
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Middle East
Tristar secures LNG shipping contract from BP
Dubai-based integrated energy logistics group Tristar has secured a contract from BP to provide LNG shipping services. The four-year contract,…
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Europe
KNOT secures charters with Eni for newbuild shuttle tanker pair
Knutsen NYK Offshore Tankers (KNOT) has been awarded a contract by Eni for the charter of two newbuild LNG fueled…
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Greater China
CSSC Shipping raising $800m to grow leasing business
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation (CSSC), has announced a plan to issue two bonds…
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Europe
Knutsen NYK Offshore Tankers orders aframax pair at DSME
Knutsen NYK Offshore Tankers (KNOT) has entered into shipbuilding contracts with South Korean shipyard DSME for the construction of two…
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Europe
Top Ships confirms tanker sales
Greek tanker owner Top Ships has announced the sale of two MR2 product tanker Stenaweco Elegance and Eco Palm Desert…
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Americas
Noble Corporation secures new contracts
Offshore driller Noble Corporation has been awarded new contracts and extensions for two of its drilling rigs, according to the…
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Europe
APM Terminals unveils $250m port development in Georgia
Port operator APM Terminals has presented its plans for the development of a deepwater port at Poti to the government…
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Operations
Chartering 2.0
Will 2020 be the year Big Data changes the day-to-day business of chartering? The industry is not 100% convinced. Jason…
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Asia
South Korea allocates $693m for domestic owners to modernise fleet
South Korea’s Financial Services Commission has announced that it would allocate KRW820bn ($693m) to help domestic owners to modernise their…
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Dry Cargo
Weekly Broker: Capes and falling knives
Dry bulk sentiment plunged in dramatic fashion this week. Capesizes saw a 200% drop in rates in a week to…
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Greater China
Tianjin Port shuffles top management
Tianjin Port has announced that the company’s chairman Liang Yongcen and president Liu Qingshun have stepped down from their positions…
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Americas
McDermott secures Trinidad contract from BHP
Houston-based offshore engineering giant McDermott International has been awarded a major contract by BHP to provide subsea umbilicals, risers and…
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Greater China
Brightoil to dispose of oil trading and bunkering business to stay afloat
Chinese private energy company Brightoil Petroleum has submitted a business resumption plan to the Hong Kong Stock Exchange as the…
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Americas
American Commercial Lines to file for Chapter 11
American Commercial Lines, an Indiana-based dry bulk operator, has announced that it has agreed with its lenders to file for…
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Europe
Baltic Exchange and Freightos debut daily container freight index
Baltic Exchange and Freightos Group has launched daily spot ocean freight rate indices for 40-foot containers (FEUs) adding real-time, transparent…
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Asia
Kim Heng Offshore secures wind farm contract in Taiwan
Singapore’s offshore service provider Kim Heng Offshore & Marine has secured a contract from Hung Hua Construction for the installation…
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Greater China
China Merchants Port Holdings appoints new chairman
China Merchants Port Holdings has announced the appointment of Deng Renjie as the new chairman of the group. Deng replaces…
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Asia
Toyota introduces fuel cell system for maritime applications
Japanese automaker Toyota has developed a fuel cell system for maritime applications and will install the system on the electrically…
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