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Asia
Daiichi Chuo’s rehabilitation plan approved
Daiichi Chuo Kisen Kaisha’s rehabilitation plan won approval from 95% of its voting creditors at a meeting in Tokyo District…
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Americas
Capital Maritime increases stake in Capital Product Partners
Capital Maritime & Trading has bought 459,799 common units in Capital Product Partners LP, and has entered into a trading…
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Dry Cargo
Hellenic Carriers scraps bulker to save on repair costs
Hellenic Carriers has sold its panamax bulk carrier(74,000 dwt, built 1997) to scrap buyers for $2.88m, which the company said…
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Europe
Dolphin Geophysical wins Black Sea seismic survey contract
Dolphin Geophysical, part of GC Rieber, is to undertake a seismic data acquisition and processing contract for Black Sea Oil & Gas…
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Containers
UASC seeks approval for possible ‘business combination’ with Hapag-Lloyd
Shareholders in United Arab Shipping Company (UASC) will vote soon to approve a “business combination” agreement with Germany-based container line Hapag-Lloyd. The…
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Americas
Siem Offshore buys out Secunda Canada
Norway’s Siem Offshore has bought the remaining 50% stake in Secunda Canada LP, which manages a “harsh-weather” fleet of offshore support…
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Africa
‘Owner’ of ghost ship Tamaya 1 and crew members located
A Nigerian man has claimed ownership of Tamaya 1, the “ghost ship” that ground on Liberian shores on May 3, and…
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Asia
Samsung Heavy submits self-rescue plan to Korea Development Bank
Samsung Heavy Industries has handed its self-rescue plan to Korea Development Bank (KDB), its main creditor, in an effort to help…
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Containers
Another strike begins at APM Terminals Gothenburg
Mediation between the Swedish Dockworkers’ Union (Hamnarbetarförbundets) at the Port of Gothenburg and APM Terminals has broken down, which will…
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Asia
Zodiac capesize fixed on timecharter as markets look up again
A brand-new capesize bulk carrier owned by Zodiac Maritime has been reported fixed on a short-term period charter today, while…
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Americas
Pemex terminates charter of Deep Drilling rig
Mexico’s state-owned oil and gas company Pemex is to terminate its charter of a jack-up drilling rig owned by Aban…
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Asia
Hyundai Merchant Marine may offer debt-for-equity swap in charter rate negotiations
Hyundai Merchant Marine (HMM) must renegotiate a 28.4% cut in charter rates before May 20 or will likely enter court…
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Asia
Elektrans tanker removed from UN blacklist
Elektrans’ aframax tanker Distya Ameya has been removed from the UN Security Council’s sanction list, thanks to support from its flag…
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Asia
DSME to manage state-owned shipyard in Iran
Daewoo Shipbuilding & Marine Engineering (DSME) has signed a memorandum of understanding (MOU) with the Iranian government to run the Iran…
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Asia
Tonnage ordered at South Korean shipyards falls by 94% during Q1
A new report has quantified the massive slump in newbuilding activity that has forced most major shipyards in South Korea to restructure…
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Africa
MSC fined $50,000 for oil spill in Ghana
Mediterranean Shipping Company (MSC) has been fined $50,000 by the Ghana Ports and Harbours Authourity (GPHA) after heavy fuel oil leaked…
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Africa
Militants give oil producers in Niger Delta two weeks to shut down or face ‘bloody’ attack
Militants in the Niger Delta have given a two-week ultimatum to owners and operators of oil production and export facilities in the…
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Europe
Ship Finance International sells VLCC
Ship Finance International (SFI) has sold its VLCC Front Vanguard (300,100 dwt, built 1998) to an unnamed counterparty for a net…
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Europe
SKS Tankers sells OBO to Karadeniz
Brokers are reporting that SKS Tankers has sold its oil-bulk-ore (OBO) carrier SKS Tyne (109,900 dwt, built 1996) for $7m…
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Asia
Safmarine Meru towed into port after collision, fire extinguished
Maersk Line’s containership Safmarine Meru (4,300 dwt, built 2006) has been towed safely in the Port of Ningbo, after colliding with another…
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