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Europe
‘Dry bulk supply expanding at lowest pace of the last decade’: Pappas
The CEO of the largest New York-listed bulker outfit has given a bullish outlook on prospects for the sector. Commenting…
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Europe
Wallenius Wilhelmsen sets aside $140m for 20 more scrubber retrofits
Wallenius Wilhelmsen Logistics has become the latest big shipping brand to commit to major scrubber investments ahead of the 2020…
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Asia
Salvors ready to offload bunker fuel from stricken Shreyas boxship
A salvage team yesterday managed to install equipment to the severely damaged Shreyas boxship to siphon off fuel from the…
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Europe
Norden joins Maersk in downgrading full year forecast
Citing the “very weak” tanker spot market, Norden has become the second Danish owner in consecutive days to lower its…
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Asia
PSA becomes majority shareholder of digital trade enabler CrimsonLogic
Singapore terminal operator PSA International has become the majority shareholder in compatriot digital trade enabler CrimsonLogic. “Alongside the PSA global…
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Asia
Wilhelmsen drone delivery project takes off in Singapore
Fresh from sealing a cooperation deal with Airbus on shore-to-ship delivery, Wilhelmsen Ships Service has been selected to help develop…
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Asia
Keppel steps away from Baku Shipyard
Singapore shipbuilding conglomerate Keppel has jettisoned its Azerbaijan shipyard commitments as it focuses its energies on securing a solid line…
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Asia
India’s GOL Offshore shut down
India’s GOL Offshore has finally been put out of its misery, and has been shut down after lenders failed to…
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Containers
Alphaliner predicts idled box fleet to more than double by end of the year
Box watchers at Alphaliner are predicting the idle container fleet will more than double between now and the end of…
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Europe
Maersk shares rally despite profit warning
Investors surprised the market yesterday, backing Denmark’s largest shipping group despite a profit warning. Shares in AP Moller-Maersk rose as…
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Europe
Arkon forms boxship chartering firm
A new German boxship chartering firm has been launched. Arkon Shipping has joined forces with five German owners to create…
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Asia
Vinalines IPO set for September 5
State-owned Vietnam National Shipping Lines (Vinalines) is finally proceeding with a much delayed initial public offering. More than five years…
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Middle East
DP World acquires Unifeeder for $764m in new chapter for containerisation
The global container shipping industry today experienced its next phase of consolidation with a leading Middle Eastern terminal operator snapping…
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Americas
Trafigura applies to build the Texas Gulf’s first VLCC terminal
Trafigura, the commodities giant, has applied to build a deepwater port in the US, potentially giving the Texas Gulf its…
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Europe
UK P&I Club opts for Rotterdam as post-Brexit base
Another big name in British ship insurance is making Brexit relocation plans. The UK P&I Club has revealed to Reuters…
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Europe
Maritime UK makes the case for extending the timeframe of the UK’s departure from the EU
Lobby group Maritime UK has urged the British government and European Union to extend the Article 50 process if a…
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Greater China
TEU tokens used on landmark MCC voyage
Progress has been made with 300cubits, the Hong Kong-based container blockchain initiative, which has been marketing its crypto currency called…
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Europe
Drunk Russian master arrested in Sweden
Swedish authorities have referred another seafarer to a local court for being found to be intoxicated as his ship ran…
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Europe
Hermes opts for up to eight Chinese kamsarmaxes
Clarksons Research is reporting in its latest weekly report of a bumper bulker order coming from Greece. Hermes Marine Management…
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Middle East
Saudis restart oil shipments through Bab Al-Mandeb
Saudi Arabia has restarted oil shipments through the Red Sea shipping lane of Bab Al-Mandeb after a 10-day halt was…
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