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Middle East
UAE suspends all cruise ship operations
The Federal Transport Authority of the United Arab Emirates has decided to suspend all cruise operations at the country’s ports…
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Europe
Frontline clinches $544m suezmax lease financing with ICBC Leasing
John Fredriksen’s Frontline has signed a sale and leaseback agreement with China’s ICBC Financial Leasing to fund the acquisition of…
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Greater China
CSSC Shipping inks sale and leaseback deal with Sinokor for boxship quartet
CSSC Shipping, the financial leasing unit of Chinese shipbuilder CSSC, has entered into a sale and leaseback agreement with South…
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Greater China
PICC disposes of stake in Donghai Marine Insurance
People’s Insurance Company of China (PICC) has proposed to sell all its 40 percent stake in loss-making Donghai Marine Insurance…
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Europe
Minerva Marine tanker attacked by pirates off Benin
The 2006-built 51,000 dwt product tanker , owned by Greek owner Minerva Marine, was attacked by pirates off Cotonou, Benin…
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Operations
International Chamber of Shipping issues new coronavirus guidance
The International Chamber of Shipping (ICS) has issued new guidance with the intention of helping the global shipping industry combat…
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Europe
Euronav acquires another resale VLCC
Belgian tanker owner Euronav has entered into an agreement for the acquisition of a resale VLCC newbuilding. The tanker, which…
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Europe
Wartsila restructures marine business
Finnish marine propulsion and technology giant Wartsila has decided to reorganise its marine business into three independent businesses to accelerate…
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Containers
Weekly Broker: On the rebound
The two dominant nationalities in the world of S&P have clearly decided bargains are there to be had and Splash…
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Asia
Samudera Shipping offloads feeder boxship
Singapore-listed Indonesian owner Samudera Shipping Line has announced that it has sold its 2005-built 378 teu containership Sinar Jepara as…
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Asia
Uzma awarded plug and abandonment contract by Shell
Malaysian oil and gas services provider Uzma has been awarded new contracts by Shell and Petronas. Uzma Engineering has been…
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Asia
South Korea faces ‘unprecedented’ supply chain chaos from spread of coronavirus
South Korea is grappling with supply chain chaos not seen since Hanjin Shipping collapsed four years ago. The escalation of…
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Asia
Eastern Pacific orders suezmax pair at Waigaoqiao
Singapore’s Eastern Pacific Shipping has signed a shipbuilding contract with Shanghai Waigaoqiao Shipbuilding for the construction of two 158,000 dwt…
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Asia
Lotte Chemical plant explosion at Daesan Port injures over 30
A major explosion injured at least 31 people at Lotte Chemical’s plant at Daesan Port in South Korea early this morning.…
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Asia
South Korea offers financial aid to maritime sector hit by coronavirus
South Korea’s Ministry of Oceans and Fisheries has decided to roll out financial measures to support domestic shipping firms as…
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Greater China
China Shipbuilding Group raising $716m for epidemic control
China Shipbuilding Group, the shipbuilding conglomerate merged by CSSC and CSIC, has issued RMB5bn ($716m) worth of short-term bonds with…
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Middle East
S’hail Shipping takes Japanese panamax from d’Amico
Qatari bulker owner S’hail Shipping has acquired the 2006-built 82,800 dwt panamax bulker from Italian owner D’Amico Dry. Shipbroking sources…
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Asia
Nam Cheong secures charter contracts for six OSVs
Malaysian offshore vessel shipbuilder and operator Nam Cheong has clinched chartering contracts for six OSVs worth MYR116.4m ($27.6m) including options.…
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Europe
Subsea 7 secures two offshore contracts
Norway’s Subsea 7 has secured two separate contracts for offshore services. The company was awarded a contract by Murphy Exploration…
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Greater China
Junzheng Shipping orders chemical tanker pair at Fukuoka
Chinese chemical tanker major Junzheng Shipping has placed an order at Japanese yard Fukuoka Shipbuilding for the construction of two…
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