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Dry Cargo
DryShips writes off $16.5m of overdue charter hire, fixes lower
Athens: DryShips has agreed to write off $16.6m in overdue hire due on 11 of its bulk carriers timechartered to an unnamed…
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Asia
Atlantic Navigation suffers unauthorised withdrawal of $736,000
Athens: Atlantic Navigation Holdings (Singapore) has suffered an unauthorised withdrawal of $736,000 from a bank account belonging to one of…
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Europe
Armoured vehicles bound for Libya seized from roro ship in Greece
Athens: Greek customs have seized 16 armoured vehicles from a roro carrier stopped at the port of Keratsini, allegedly bound for Khalid…
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Middle East
Expanded Suez Canal begins trial operations
Athens: Trial operations will begin on the new Suez Canal expansion project this Saturday, before the new channel is officially inaugurated on…
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Asia
Phillippines amends cabotage law to allow international competition
Manila: The president of the Philippines Benigno Aquino III today signed the country’s new Competition Act and amendments to its cabotage…
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Containers
Poseidon Containers launches IPO on NYSE
Athens: Greece’s Poseidon Containers Holdings has begun its initial public offering on the New York Stock Exchange, through which the company…
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Europe
Bosphorus Strait closed after ship crashes into house
Athens: Turkey’s Bosphorus Strait is closed after a general cargo ship ran aground and smashed into a villa on the…
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Asia
Golar LNG gets $960m financing for Golar Hilli FLNG conversion
Athens: Golar LNG has secured up to $960m in financing for its GoFLNG unit Golar Hilli from CSSC (Hong Kong) Shipping Co, a…
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Asia
Japan’s Tsuneishi Zosen yard books six aframaxes and two bulkers
Athens: The past week has been a busy one for orders at Japan’s Tsuneishi Zosen shipyard, which has booked separate orders…
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Europe
Cardiff Marine orders two aframaxes
Athens: Economou-led Cardiff Marine has ordered two 115,000-dwt aframax tankers from China’s Jiangsu Hangtong shipyard for $46.5m each for delivery…
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Europe
Maersk Drilling wins contract extension for rig in Caspian Sea
Athens: BP Exploration (Shah Deniz) has extended its contract on Maersk Drilling’s Heydar Aliyev semi-submersible rig by a further five years in a…
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Americas
Barge carrying naphtha catches fire in Houston Ship Canal after collision
Houston: A barge carrying 1m gallons of naphtha caught fire last night when it collided with another barge in the…
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Europe
Chandris orders LNG carrier at Daewoo
Athens: Greek shipowner Chandris has ordered another large LNG carrier from Daewoo Shipbuilding & Marine Engineering (DSME), South Korea. The 173,400-cbm…
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Europe
DeepOcean wins offshore wind installation contract
Athens: DeepOcean 1 UK, part of the Netherlands-based DeepOcean Group, has won a inter-array cable installation contract for phase II of Belgium’s Bligh…
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Tankers
Sinokor charters two VLCCS to Shell
Athens: South Korea’s Sinokor has fixed two VLCCs to Shell on two-year timecharters. Baltic Glory (309,400 dwt, built 2005) and…
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Dry Cargo
Baltic Dry Index stays above 1000-point mark for second day
Athens: Just five months after the Baltic Dry Index (BDI) recorded its lowest ever level, the index today has been assessed…
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Tankers
Brisbane refinery blockaded in support of Alexander Spirit
Athens: Caltex’s Brisbane refinery in Australia has been blockaded by around 24 Maritime Union of Australia (MUA) protesters in support…
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Environment
New IMO biofuels regulation may catch product tankers unawares
Athens: New IMO regulations for the carriage of biofuels may lead to a shortage of product tankers eligible to carry the…
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Dry Cargo
Navios charters capesize
Athens: NYSE-listed Navios Maritime Partners has fixed a capesize bulk carrier on a 16- to 21-month timecharter to an unnamed charterer.…
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Europe
Gasoline from Europe to the US spot rates reach year-high
Athens: Product tankers taking gasoline from Europe to the US East Coast are currently fixing at the highest rate seen…
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