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Asia
Bangladesh firm linked to Nisshin supramax
Unconfirmed broker reports link privately held Bangladeshi concern S.R. Shipping with the acquisition of a Japanese supramax. The 55,000 dwt…
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Asia
Another supramax on the block for Nisshin
Nisshin Shipping’s rapid sale of its dry bulk fleet continues. The Japanese line managed to sell five bulkers last month.…
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Asia
Seven Islands reportedly in for $50m product carrier quartet
India’s Seven Islands Shipping has swooped for four product carriers from Koenig & Cie, according to brokers. Officials from Seven…
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Middle East
United Arab Chemical Carriers adds two
Brokers report that United Arab Chemical Carriers has opened its wallet, adding two modern chemical tankers. Brokers say the Dubai-headquartered…
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Asia
Nisshin Shipping shedding bulkers fast in 2016
Japan’s Nisshin Shipping has spent the first month of the year trimming its bulker fleet, minimising its exposure to the…
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Dry Cargo
Karadeniz eyes more capes for conversion
Brokers report that the Turkish owner Karadeniz is purchasing for the 172,000 dwt for just over $6m from Kumiai Navigation…
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Dry Cargo
GMT Shipping calls time on shipowning
Sources say that the Hong Kong headquartered conglomerate GMT Shipping & Logistics Group has made an exit from shipowning. GMT…
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Dry Cargo
Geden sells 4 supramaxes en bloc
Brokers report that Turkish owner Geden Lines has just offloaded four geared, Vietnamese-built supramaxes for $10m each to a Greek…
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Asia
Global United pounces for suezmax
Global United Shipping, the fast growing Indian joint venture between Japan’s Nissen Kaiun and Mumbai-based Synergy Maritime, has snapped up…
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Dry Cargo
Vintage specialist Hong Sheng Da snaps up elderly Korean panamax
Sources tell Splash that China’s Hong Sheng Da Shipmanagement has just picked up the 1999-built panamax bulker for $2.9m from…
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Dry Cargo
Oak sells cape at second attempt
Cape sales continue to fill up broker reports. More than 10 capes had been sold in the past week. Brokers…
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Environment
Bergen asks OSVs to move out in bid to fight record pollution
In Bergen you can practically taste the depression in the offshore industry. The number of laid up OSVs has helped…
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Europe
Norway planned F-16 attack to stop drifting barge headed for Valhall
Norwegian authorities considered deploying an F-16 aircraft to destroy a barge that had broken from its moorings in the vicinity…
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Asia
Marmaras Navigation says it will take disputed pair of Sungdong capes
A widely reported cape newbuilding sale from South Korea’s Sungdong Shipbuilding has failed, according to sources. The 180,000 dwt Maria…
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Europe
Island Offshore reduces staff wages in order to fight off job cuts
Norway’s Island Offshore has come to an agreement with its employees for temporary reductions in salaries, according to Skipsrevyen.no. According…
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Dry Cargo
Team Fuel linked to Daiichi Chuo handy buy
Team Fuel Corp has been linked to a handysize purchase. Sources say the Greek outfit has spent $9.4m for the…
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Dry Cargo
Ming Wah offloads elderly handymax
Ming Wah, a Hong Kong bulker subsidiary of China Merchants Energy Shipping (CMES), has just offloaded the 49,000 dwt for…
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Asia
Latest handy sale leaves Austbulk with just two ships
Malysian owner Austbulk’s fleet list continues to shrink. The family-owned company has just offloaded its 1999- built handysize, the 31,800…
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Americas
Teekay sells aframax pair for $28m each
Brokers report that Teekay has sold two aframaxes to Greece’s Estoril Navigation. Estoril Navigation declined to comment when contacted by…
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Greater China
Winson in for another product tanker
Taiwanese tanker player Winson remains busy in the secondhand market, snapping up elderly MR tankers. Last week brokers reported the…
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