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Asia
Nissen Kaiun contracts four boxships at Tsuneishi Zhoushan
Japan’s Nissen Kaiun has gone to China for a series of boxship orders. No price has been revealed for the…
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Asia
NYK LNG carrier fetches highest demo rate of the year
Demo prices are achieving new highs with one old gas carrier managing to notch a very strong $551 per ldt.…
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Europe
Skou vows to return Maersk to former financial glory days
In an interview with Danish finance newspaper Berlingske Business, Søren Skou, group CEO of AP Moller-Maersk, has vowed to get…
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Americas
Hadjipateras fires back as Sohmen-Pao spat rumbles on
Determined to have the last word in the four-month takeover tussle between BW LPG and Dorian LPG, John Hadjipateras, Dorian’s…
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Asia
Hahn & Co completes SK Shipping takeover
South Korean private equity firm Hahn & Co has completed the buyout of one of the nation’s largest owners, SK…
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Europe
Frangou to merge two tanker units
Two Angeliki Frangou tanker vehicles are merging. Navios Maritime Acquisition Corporation and Navios Maritime Midstream Partners will join forces in…
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Asia
Helpline launched to reduce seafarer suicides
Singapore shipmanager Synergy Group has launched a new counselling service aimed at improving mental health support for sea and shore-based…
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Asia
BW LPG ditches Dorian takeover
Andreas Sohmen-Pao’s BW LPG has pulled out of a proposed $1.1bn merger with rival Dorian LPG after months of back…
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Europe
Europe hits out at Korean maritime state funding
SEA Europe and European Community Shipowners’ Associations (ECSA), the trade associations representing respectively European shipbuilding and maritime equipment and European…
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Greater China
Maritime CEO Forum: Fragile tanker recovery must be protected
Panellists at this week’s tanker session of the Maritime CEO Forum in Hong Kong stressed the need to protect any…
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Europe
Sverre Tidemand doubles Belships’ fleet with Teigen deal
Sverre Tidemand’s Belships and the Frode Teigen-controlled companies Kontrari and Kontrazi have signed a plan to merge. Tidemand’s investment vehicle…
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Greater China
Asia Maritime Pacific merges with Fenwick
Two famous names in Hong Kong dry bulk circles have merged in shipping’s ongoing era of consolidation. Asia Maritime Pacific…
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Environment
Shipping titans embark on voyage to decarbonise shipping
At the Global Maritime Forum in Hong Kong today 34 CEOs from some of the largest shipping organisations in the…
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Greater China
Maritime CEO Forum: Private versus public dominates dry bulk debate
The merits of being either a private or public company dominated much of the discussion during the dry bulk panel…
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Operations
Intercargo hits out at flag states for taking too long to investigate accidents
Intercargo, the dry bulk owners’ association, has taken a veiled swipe at the Marshall Islands over its slowness in revealing…
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Americas
Seaspan rescues Swiber with $200m investment
Singapore’s Swiber Group has been saved by Seaspan, the Canadian containership operator, which is making what it says will be…
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Greater China
China hitting ‘peak steel’ this year
The Australian government has warned China is at “peak steel” this year, with steel output set to decline from next…
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Europe
Newport takes scrubber gamble with up to 200 units ordered
Ship repair coordinator Newport Shipping Group has made a clever move ahead og the global sulphur cap, purchasing 100 scrubbers…
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Containers
UN warns on risks of container consolidation
Data from the United Nations Conference on Trade and Development (UNCTAD) shows seaborne trade expanded by a healthy 4% in…
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Tankers
LR1s and aframaxes tipped for asset plays
Tankers led by LR1s and aframaxes offer the best opportunities for owners looking to make some asset plays, according to…
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