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Containers
HMM orders 13,000 teu series to take fleet past the 1m slot mark
South Korean flagship HMM has signed newbuilding contracts with Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries(HHI) for…
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Dry Cargo
China to build 100m ton coal stockpile this year
China’s National Development and Reform Commission (NDRC) has announced that it plans to build up around 100m tons of deployable…
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Asia
Pertamina sets aside $4bn for fleet rejuvenation
Indonesia’s state-run energy giant Pertamina has created a new shipping division and allocated $4bn to buy new ships and upgrade…
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Shipyards
Plans for London’s first new shipyard in a century
The Port of London Authority (PLA) is working with property developers, London & Regional, and the Royal Docks Team (RDT)…
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Dry Cargo
Supramax fleet hits 200m dwt
The global supramax fleet has surpassed the 200m dwt mark for the first time according to data from Braemar ACM. …
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Containers
Box rates up 332% year-on-year, schedule reliability hits dire new lows
Shippers might be paying 332% more per box that they were this time last year, according to the latest data…
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Dry Cargo
Global steel production trends shift a gear
There’s a changing of the order in the list of the top steel producing nations with significant ramifications for the…
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Operations
Frank Coles launches campaign to create global green travel channel travel for seafarers
Shipping veteran Frank Coles has launched an online petition to create an enforceable global protocol for so called green channel…
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Dry Cargo
Pioneer Marine puts entire fleet up for sale
Dry bulk might have had its most solid start to the year in more than a decade, but one Greek…
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Operations
Erdogan on hand as $15bn Istanbul canal construction starts
Turkish president Tayyip Erdogan was on hand this Saturday as construction of the Kanal Istanbul got underway, one of the…
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Operations
Cyprus to vaccinate 40,000 seafarers
Cyprus has announced it will vaccinate 40,000 seafarers. The Cyprus shipping deputy ministry will provide Covid-19 vaccinations to all seafarers…
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Containers
Damning report emerges of the pilots onboard the Ever Given
Bickering Egyptian pilots have been blamed for this year’s most high profile shipping casualty. As preparations get underway to get…
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Containers
Drewry’s World Container Index experiences its steepest ever climb
Shippers hoping for some pricing respite from ocean carriers have been battered this week by further records falling. Drewry’s World…
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Containers
Cosco readies launch of container capacity futures
Container availability issues have plagued supply chain issues all year, but they could form a new financial tool. Cosco, China’s…
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Dry Cargo
Keith Denholm takes up new posting with IMC
Keith Denholm has been appointed commercial director at IMC Dry Bulk, part of the Tsao family controlled IMC Industrial Group…
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Environment
Simpson Spence Young launches carbon desk
Simpson Spence Young (SSY) has announced the launch of a new carbon desk and offsetting service, part of a wider…
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Ports and Logistics
Somaliland lays the groundwork for a 2m teu port
Dubai’s DP World has commissioned a new container terminal at Berbera Port in Somaliland as Africa’s east coast transforms to…
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Containers
Søren Toft lays out MSC’s position on path to decarbonisation
Nearly seven months into the job and Søren Toft is getting his views across this week. The CEO of Mediterranean…
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Finance and Insurance
Banks cast net far and wide to recoup losses from Hin Leong collapse
Singapore’s position as one of the world’s leading oil trading hubs is coming under threat from the many court cases…
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Renewables
Vietnam and China blow past the UK in the offshore wind stakes
More than 200 GW of new offshore wind projects have been announced since the beginning of 2020 – accounting for…
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