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Greater China
New head of Sinotrans appointed
Feng Boming, 52, has become chairman of Sinotrans in a shuffle of management among China’s state-run maritime conglomerates. He has…
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Tankers
d’Amico buys out Glencore stake in Irish MR JV
Italy’s d’Amico International Shipping has gained 100% control of Ireland-based Glenda International Shipping via the redemption of the shares owned…
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Offshore
UN still $16m short in urgently required donations to shift oil from decaying FSO off Yemen
The United Nations is nearing getting enough donations to handle a potential environmental disaster off the coast of Yemen. HSA…
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Ports and Logistics
Belawan port set for upgrade
The port of Belawan on the Indonesian island of Sumatra is set for a sizeable upgrade. Indonesian state-owned port operator…
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Containers
New intra-Asia operator launches from Manila
Philippines-based Iris Logistics, a subsidiary of Royal Cargo Group, has made its intra-Asian debut having switched a small ship it…
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Containers
Tim Hartnoll venture acquires Bengal Tiger Line and Caribbean Feeder Service
Tim Hartnoll-led private equity venture HICO Investment Group has bought Bengal Tiger Line (BTL) as well as acquiring a majority…
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Ports and Logistics
Union boss warns Felixstowe strike could be extended through to Christmas
Shippers and liners received both good and bad news yesterday, surveying the north European ports scene, which has been heavily…
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Asia
Singapore fines Noble $9m for one of Asia’s worst accounting scandals
Authorities in Singapore have concluded investigations and issued fines into one of the largest cases of accounting fraud recorded in…
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Containers
P&O brand back carrying boxes
DP World subsidiary P&O Maritime Logistics, best known for its offshore support operations, is getting more involved in the container…
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Asia
MOL adds more LNG-powered ships, lays out fuel mix plans through to 2050
Japan’s Mitsui OSK Lines (MOL) is growing its LNG-fuelled fleet, announcing today orders for gas-powered newcastlemaxes to be built at…
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Regulatory
UK approves new nuclear propulsion regulations
The UK Department for Transport (DfT), via the UK Maritime Coastguard Agency (UKMCA), has set a target date for passing…
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Offshore
Shell reaches deal with unions to restart Prelude FLNG
Shell has thrashed out a pay deal with unions in Australia to get its Prelude floating liquefied natural gas (FLNG)…
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Containers
Regional liner squeeze takes harsh toll on developing nations
Regional liner trades are being squeezed further with the impact of higher freight rates on consumer prices now five times…
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Containers
Klaus-Michael Kühne ‘not comfortable’ with Hapag-Lloyd’s stellar earnings
Klaus-Michael Kühne, the octogenarian joint top shareholder in Hapag-Lloyd, has said he feels uncomfortable with the stellar profits Germany’s top…
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Regulatory
Ernst & Young report makes the case for the Jones Act
In a fillip to backers of one of the US’s most controversial maritime regulations, the Transportation Institute, a Washington DC-based…
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Shipyards
Chinese yard debuts easy to install sail kit
Shipowners contemplating wind-assisted technology to cut their fuel bills have an ever growing selection of options to choose from. The…
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Gas
Germany to import hydrogen from Canada
The nascent seaborne hydrogen trades are set to cross the Atlantic. Germany, which has been scouring the globe for new…
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Shipyards
Quayside collapse kills worker at Keppel Shipyard
A Bangladeshi worker has died after a section of a pier at Singapore’s Keppel Shipyard collapsed on Monday, resulting in…
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Shipyards
Heavy losses at yards suggest newbuild prices will remain firm
Shipowners hoping for a cooling in newbuild prices should brace for disappointment. Key yards are still posting enormous losses, despite…
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Operations
Bulkers slow down while gas carriers hit the pedal
Speed data published by broker Banchero Costa today neatly encapsulates where the shipping markets are mid-way through Q3 in what…
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