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Dry Cargo
David Turnbull to retire from Pacific Basin
David Turnbull, the veteran chairman and executive director at Hong Kong’s Pacific Basin Shipping, has announced his intention to retire…
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Dry Cargo
Taiwan Navigation orders bulker pair at Namura
Taiwan Navigation has returned to Japan to a familiar yard for its latest fleet expansion. Brokers indicate the Taiwanese company…
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Greater China
Shanghai authorities claim city will open up next week
May 20 has been given as the first official deadline for Shanghai, China’s largest city, to open up. The metropolis,…
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Asia
India ramps Russian imports
India’s close ties with Russia have seen it ramp up purchases of bargain commodities in the two and a half…
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Containers
CMA CGM unveils US container return incentive program
France’s CMA CGM, the world’s third largest containerline, has implemented an industry-first early container return incentive program at the FMS…
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Environment
Freightos launches carbon calculator
Freightos, a global freight pricing and booking platform, is the latest company to launch a free carbon calculator tool that…
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Containers
Blank sailings proliferate
Major ocean carrier alliances have announced additional cancellations totalling more than a third of the scheduled sailings out of Asia…
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Europe
Closure of gas pipeline alters Europe’s energy mix further
Gas flows into Europe from Russia were put under further pressure yesterday after a key pipeline in Ukraine called Sokhranivka…
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Finance and Insurance
Smaller shipowners ought to be concerned by today’s P&I merger mania
With a little over two weeks now until the North and Standard Club votes are counted, the number one item…
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Environment
MSC invests in sustainable shipping data provider
Cruise and container giant Mediterranean Shipping Company (MSC) has invested in Madeira-based Green Maré Services (GMS) as part of its…
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Europe
Stanko Jekov to head Simpson Spence Young
UK shipbroker Simpson Spence Young (SSY) has announced its head of dry cargo, Stanko Jekov, will be taking over as…
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Dry Cargo
Capes top $30,000 a day as BDI climbs to highest level this year
Capesize rates have topped $30,000 per day, nearly doubling in May with many looking at the coming summer months in…
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Tankers
Fredriksen takes aim at poison pill tactics adopted by International Seaways
John Fredriksen has blasted the so-called poison pill tactics deployed by senior management at International Seaways. Fredriksen, who has recently…
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Environment
CMB unveils latest hydrogen-powered engine
At the World Hydrogen Summit in Rotterdam this week, BeH2ydro, a Belgian joint venture between Company Maritme Belge (CMB) and…
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Ports and Logistics
Eurogate and Hapag-Lloyd join forces for new Egyptian terminal
German terminal operator Eurogate Group, its affiliate Contship Italia, and German containerline Hapag-Lloyd will develop a new container terminal in…
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Europe
Greece leads resistance to ban on European tankers transporting Russian oil
Strong lobbying from shipowning interests has seen the European Union pull back from some of its proposed sanctions on Russia,…
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Europe
Rodolphe Saadé gets the nod to take over Marseille’s top newspaper
Rodolphe Saadé’s CMA CGM has had its €81m ($92m) bid for a controlling 89% stake in Marseille’s top newspaper, La…
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Dry Cargo
Nigeria’s BUA Foods becomes a shipowner
BUA Foods, one of Africa’s leading fast-moving consumer goods companies, has taken delivery of the first of two bulk carriers…
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Containers
Del Monte promotes shipping capabilities to a wider audience
Fruit and vegetable producer Fresh Del Monte’s ocean logistics company, Network Shipping (NWS), has announced a rebrand to squeeze some…
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Operations
Coalition completes repatriation of 600 i-Kiribati seafarers trapped for nearly two years due to the pandemic
Over 600 I-Kiribati seafarers have safely returned home, some after being stranded overseas for nearly two years. The repatriation of…
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