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Greater China
Cosco acquires Xiazhiyuan semi-submersible vessel via court auction
Cosco Shipping Specialized Carriers acquired semi-submersible vessel for RMB200m ($30.4m) via an auction arranged by Ningbo Maritime Court yesterday. The…
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Greater China
Huatai Heavy Industry workers protest over unpaid salaries
Workers at Natong-based shipyard Huatai Heavy Industry commenced a strike yesterday to protest against unpaid salaries. According to local reports,…
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Asia
UN blacklists four ships for violating North Korea sanctions
The United Nations imposed a global port ban on four vessels yesterday which were found violating sanctions against North Korea.…
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Greater China
Franbo Lines acquires supramax from Taiwan Navigation
Taiwanese owner Franbo Lines has announced the acquisition of a 51,000 dwt bulk carrier from Tai Shing Maritime, an affiliate…
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Greater China
Titan Petrochemicals acquires Jiangsu Hongqiang Heavy Industry
Titan Petrochemicals has entered into a sale and purchase agreement with Sino Team Investment Development for the acquisition of Gold…
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Greater China
General cargo ship sinks near Fuzhou
Ten crew onboard general cargo ship Fu Shun 67, owned by Shantou Fushun Shipping, were rescued after the vessel sank…
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Greater China
Cosco and China Merchants to exit Jinjiang Shipping
State-owned shipping giants China Cosco Shipping and China Merchants Group are both looking to exit Shanghai Jinjiang Shipping through share…
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Greater China
Former CSIC head of discipline faces corruption charges
Liu Changhong, former head of discipline of state run shipbuilding giant China Shipbuilding Industry Corporation (CSIC) will be charged by…
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Greater China
Six former Rizhao Port officials given jail time
A court in Rizhao has sentenced six former officials of Rizhao Port Group to jail for corruption. The six defendants…
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Contributions
Chinese ship finance to the fore
Jason Jiang identifies key trends in the emerging powerhouse of maritime capital. In the past few years, the international shipping…
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Europe
Scorpio Tankers clinches sale and leaseback deal with Bocom Financial Leasing
Monaco-headquartered owner Scorpio Tanker has reached an agreement with China’s Bank of Communications (Bocom) Financial Leasing for five 2012-built product…
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Asia
Shreyas Shipping acquires two secondhand vessels
Indian container feeder operator Shreyas Shipping & Logistics has signed memorandum of agreements for the acquisition of a 650 teu…
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Greater China
Cosco Shipping Specialized Carriers president resigns
Cosco Shipping Specialized Carriers, formerly known as Cosco Shipping, has announced that its president Sun Jiakang has resigned. Sun, 57,…
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Asia
Two workers killed in Gangavaram port accident
Two contract workers were killed in an accident during cargo loading operations at India’s Gangavaram port on Wednesday. Another three…
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Greater China
CMA CGM Lisa Marie all shook up in sea trials off Zhoushan
CMA CGM will now take delivery of a 10,900 teu newbuild later than scheduled after it ran into severe difficulties…
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Containers
Oman Shipping planning to buy its first containerships
Oman Shipping is planning to enter the containership owning sector through the acquisition of two containerships, replacing ships it currently…
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Europe
Eletson inks landmark sale and leaseback deal with CSIC Leasing
Greek tanker owner Eletson has clinched a $65.5m sale and leaseback agreement with CSIC Leasing, the financial leasing unit of…
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Greater China
Court to wind up parent company of Titan Petrochemicals
Titan Petrochemicals has announced that the High Court of Hong Kong has ordered to wind up the company’s controlling shareholder…
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Greater China
CSSC and CSIC merger speculation grows
Eighteen years after they were split apart – with the Yangtze River serving as the demarcation line – China’s top…
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Asia
Former Keppel Shipyard official charged with corruption
A former senior procurement officer at Keppel Shipyard was brought to court yesterday over 395 charges involving corruption and money…
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