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Ports and Logistics
ONE seals terminal acquisitions in California and Rotterdam
Japanese liner Ocean Network Express (ONE) has obtained all necessary regulatory approvals and completed its acquisition of a 51% stake…
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Containers
‘Challenging times ahead’: Maersk lets go of thousands of staff
A year is a long time in liner shipping. At the end of 2022, carriers were handing out mega bonuses,…
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Bunkering
Methanol and LNG fuel lobby groups square up
A war of words has broken out between the heads of two alternative fuel lobby groups, right here on the…
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Dry Cargo
HMM seals large dry bulk deal
Aware of sliding profits from its primary business, container shipping, HMM, South Korea’s for-sale flagship, is looking to boost other…
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Greater China
Dynacom selects Yangzijiang for LR1 pair
George Procopiou’s Dynacom Tankers Management has put pen to paper for a pair of 75,000 dwt LR1 product tankers at…
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Americas
VLGC rates surge on Panama Canal cuts
News this week of further daily transit cuts at the Panama Canal has sent a rocket through the already hot…
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Americas
Lula deploys the army at top ports in battle with cocaine gangs
The dire crime situation at Brazil’s top ports has forced the nation’s president to deploy the army. Luiz Inacio Lula…
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Finance and Insurance
Anil Sharma eyes ship leasing
Anil Sharma, best known as a cash buyer for ships for recycling, is looking at a new business strand. Sharma’s…
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Operations
Seafarers Happiness Index suffers its longest decline
Further concern over seafarer welfare has been raised by the results of the latest Seafarers Happiness Index, which reveals a…
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Americas
Record dry weather forces further dramatic cuts at the Panama Canal
The dry weather in Panama shows no sign of letting up with the El Niño weather phenomenon wreaking havoc to…
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Tankers
Growth of the shadow fleet has made Russian oil price cap ‘unenforceable’: World Bank
Russia’s swift build-up of a so-called shadow fleet of tankers – estimated to number more than 600 ships – has…
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Operations
IACS membership back up to 12 with addition of Türk Loydu
The membership at the International Association of Classification Societies (IACS) is back up to 12. In March last year, the Russian…
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Bunkering
Vision of green shipping corridor cluster outlined
Members of the Silk Alliance cross-supply chain industry partnership, initiated by the Lloyd’s Register (LR) Maritime Decarbonisation Hub, have issued…
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Asia
MOL pursues electric vessels
Japanese shipowner Mitsui OSK Lines (MOL) and Pyxis Maritime, a Singaporean maritime electrification technology start-up, are going to work together. …
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Asia
New Singapore company launched to develop investment opportunities in methanol-powered ships
Methanol propulsion specialist Green Marine Copenhagen and Singapore-based Stamford Ship Management have formed a joint venture in Singapore with a…
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Shipyards
Meyer buys into C-Job Naval Architects
Meyer Group, a major name in European shipbuilding, has bought into one of the continent’s best known naval architects. Meyer…
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Finance and Insurance
Wind propulsion leasing offer launched
Finnish wind propulsion specialist Norsepower has teamed with Japanese shipowner Iino Kaiun Kaisha and compatriot Mizuho Leasing to launch a…
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Shipyards
Dutch government vows to resurrect local shipbuilding scene
The Dutch government has announced it will spend EUR60m ($63.6m) over the next two years to boost the nation’s shipbuilding…
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Gas
MISC preps LNG carrier for FSU conversion
Malaysian flagship MISC has entered into a binding head of agreement with Pengerang LNG (Two), a subsidiary of Petronas, for…
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Asia
Captain injured in robbery off Singapore
A ship’s captain was sent to hospital in Singapore having been attacked during a sea robbery early on Friday morning.…
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