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Asia
Swiber files petitions to stop pay-out of $105m in bank guarantees
Swiber Holdings has filed court petitions for injunctions against the payment of over $105m in bank guarantees, which have been…
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Asia
Glencore Grain takes Diana panamax on period contract
Diana Shipping has fixed its panamax Ismene (77,901 dwt, built 2013) to Glencore Grain for 10 to 13 months, commencing…
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Europe
Farstad bonds may be sold to Fredriksen, Aker or Siem
Norwegian investment firm Alfred Berg Asset Management may sell its controlling stake in Farstad Shipping’s bonds to other big-name offshore…
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Asia
Cosco Shipyard to build three boxships
Cosco (Guangdong) Shipyard has won contracts to built three small containerships for an unnamed European shipping company. The contract price…
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Asia
Rickmers Maritime considers containership lay-ups
The depressed market has led Singapore-based Rickmers Maritime to consider laying up some of the 11 containerships it has operating in…
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Europe
HSH taps finance veteran to handle toxic loans
Ship finance whizz Ulrike Helfer has been appointed to head up hsh portfolio-management AöR, the entity to which HSH Nordbank transferred…
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Asia
Oldendorff fixes Zodiac super-cape on timecharter
Oldendorff has fixed Zodiac Maritime’s super-capesize bulk carrier (206,312 dwt, built 2005) on a five- to seven-month period charter for…
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Asia
Another creditor files for THHE Fabricators to be wound up
A third creditor has filed a petition with the Kuala Lumpur High Court of Malaya to wind up THHE Fabricators,…
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Dry Cargo
Singapore Exchange makes $103m offer for Baltic Exchange
The Singapore Exchange (SGX) is going ahead with the solicitation of support from shareholders in the Baltic Exchange, for which it…
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Asia
Container weight verification is for safety, not surcharges, say shippers
The Global Shippers’ Forum (GSF) has blasted shipping lines, forwarders and terminal operators using the mandatory container weight verification process…
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Asia
VLCC and ultra-large containership collide in the Singapore Strait
A VLCC owned by Iran’s National Iranian Tanker Company and an MSC ultra-large containership collided in the Singapore Strait late…
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Asia
Ron Widdows tipped to take top job at HMM
Industry veteran Ron Widdows is one of the frontrunners for the vacant CEO position at Korea’s Hyundai Merchant Marine (HMM),…
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Americas
Safe Bulkers rearranges finance for kamsarmax newbuilding
Safe Bulkers has novated the shipbuilding contract for a kamsarmax newbuilding to another of its wholly owned subsidiaries in order…
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Asia
Sale of Lundin FPSO falls through
Sweden’s Lundin Petroleum plans to sell its floating production storage and offloading unit to Malaysia’s M3nergy have been abandoned. The…
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Asia
Otto Marine starts arbitration against Robert Knudzen Shipholdings
Otto Marine has commenced arbitration in Singapore against Robert Knutzen Shipholding and Mr Robert Knutzen for charter contract disputes. Otto’s…
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Europe
Lamprell appoints new CEO
Christopher McDonald is to join Lamprell as its new CEO and director effective as of October 1, succeeding Jim Moffat,…
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Europe
Maritime UK joins government initiative to boost exports
Industry group Maritime UK has partnered with the UK government’s Exporting is GREAT initiative in an effort to increase UK exports and help…
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Europe
Heroin-smuggling shipowner and agent sentenced to life in prison
A former shipowner and a shipping agent found guilty of smuggling over two tons of heroin into Greece onboard the …
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Tankers
MR chemical tankers among shipping’s ‘most unattractive sectors’, says Drewry
Macroeconomic uncertainty, diminishing demand and excess fleet capacity will bring down freight rates for MR chemical tankers over the medium…
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Asia
Fesco appoints chief restructuring officer
Russia’s Fesco Transportation Group has hired Steven Hellman as its chief restructuring officer, who will lead the group’s debt restructuring…
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