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Noble founder Richard Elman sued by former CEO for $57m
Richard Elman (pictured), the founder of embattled Hong Kong commodities conglomerate Noble Group, is being sued by another of his…
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Allianz warns of ‘perfect storm’ of narrowing margins and increasing regulation
While safety levels continue to improve in shipping in general, insurer Allianz warns that a “perfect storm” of increasing regulation…
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Ship capsizes in Strait of Malacca, two missing
Two men are missing after an Indonesian general cargo capsized in the Strait of Malacca today, having been hit by…
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Ernst Russ and Ecofin launch new ship investment platform
German maritime asset management firm Ernst Russ and investment group Ecofin Holdings are joining to form a new company called…
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Scrapping of ex-Maersk FPSO halted after radioactive substances discovered onboard
Maersk finds itself at the centre of another shipbreaking storm after radioactive material was reportedly found on an elderly FPSO…
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Alco Shipping disputes crew abandonment claims
A few weeks after the case of four ships abandoned in the UAE waters, the Middle Eastern company Alco Shipping…
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Mitsubishi Heavy forms alliance with Oshima
Mitsubishi Heavy Industries (MHI) has reached a basic agreement with compatriot Japanese yard Oshima Shipbuilding towards the formation of an…
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Busy Pavimar continues to grow fleet
Ismini Panayiotides-led Pavimar continues to stay busy, adding ships off the radar. One deal revealed to Splash involves the 76,600 dwt…
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TechnipFMC awarded North Sea EPCI contract extension by Statoil
TechnipFMC has been awarded an extension to an ongoing engineering, procurement and construction contract in the Norwegian North Sea with…
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CMA CGM buys Mercosul from Maersk
CMA CGM is buying Mercosul Line from Maersk Line as part of the latter’s agreement to soothe regulators over its…
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Kirby Corporation expands distribution business with $710m acquisition
Houston-based domestic tank barge operator Kirby Corporation has agreed a deal to acquire marine and offshore manufacturer and distributor Stewart…
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Wood Group awarded Woodside engineering support contract
UK-headquartered Wood Group has been awarded a contract by Australia’s Woodside to provide engineering support for the subsea pipeline system…
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Ocean Rig wins Nasdaq reprieve
Ocean Rig has won a reprieve from the Nasdaq and will be able to carry on trading shares in New…
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Panama ditches Taiwan and forms diplomatic ties with China
In diplomatic news that could have far bigger ramifications for shipping than the current Qatar spat, Panama has established diplomatic…
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K Line top brass fight for survival ahead of crunch shareholder vote
Senior management at Kawasaki Kisen Kaisha (K Line), Japan’s third largest line, have hit out at detractors planning a shareholder…
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SM Line takes on one of its largest ships to date
SM Line, part of South Korea’s Samra Midas Group and one of the fastest growing containership owners in the world,…
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MSC advises on trio of chartered Rickmers ships
Following the insolvency of the Rickmers Group MSC has advised it has three vessels from Rickmers under time charter, namely…
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Cosco buys into SIPG and two Spanish box ports
Cosco Shipping bolstered its ports footprint yesterday, moving to take a 15% stake in Shanghai International Port Group (SIPG) as…
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Erasmus Shipinvest in for panamax
Erasmus Shipinvest, led by John Su, is in for its third ship purchase of the year. The oufit is said…
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Star Bulk acquires secondhand supramax bulker
Greek owner Star Bulk Carriers has acquired a six-year-old Chinese-built supramax bulker. The 56,582 dwt bulker, built at Jiangsu Hantong…
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