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Europe
New Mediterranean salvage giant formed
A trio of companies is joining forces to form the largest salvage company in the Mediterranean. Ardent Global, the merger…
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Europe
DNV GL contemplates ditching German branding
Having finally assumed full control of the group in December top management at class society DNV GL is contemplating dropping…
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Greater China
Richard Elman relinquishes his role at under fire Noble Group
One of the most famous names in the Asian commodities scene has finally stepped down. Richard Elman, the founder of…
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Asia
Asian ports face $49bn climate adaptation costs
Protecting Asia Pacific ports against climate change could cost up to $49bn, according to new research commissioned by HSBC from…
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Asia
Ezion warns of $1bn annual loss
Embattled Singapore liftboat specialist Ezion Holdings has warned it is likely to report a full year loss of $1bn for…
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Asia
Rumours of financial difficulties force Heung-A to write to clients
One of the best known names in the intra-Asia box trades, Heung-A from South Korea, has been forced to send…
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Containers
Tight box charter market expected to get another boost from slew of new services
The already tight charter market for boxships is predicted to get another big boost in the next month as a…
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Americas
Elon Musk plans close encounter with LA shipyard for mission to Mars
Elon Musk is being tipped to take over an old American shipyard and to use the site in California to…
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Asia
Singapore hit by another oil tank inferno
Singapore authorities spent around six hours through to midnight last night fighting yet another inferno at an oil storage tank.…
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Middle East
UAE blacklists local owner over crew abandonment
The United Arab Emirates (UAE) has taken action against another shipowner with a history of abandoning crews. The locally based…
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Europe
Ernst Russ sells Marenave stake to Balaton
Citing a difference of opinion with a key shareholder Germany’s Ernst Russ has ditched its holding in struggling compatriot Marenave…
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Asia
China Navigation provides Pacific islands with waste management solution
The China Navigation Company (CNCo) and the Secretariat of the Pacific Regional Environment Programme (SPREP) have signed a memorandum of…
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Europe
BRS boss questions role of the Baltic indices
Tim Jones, president of French shipbroking house Barry Rogliano Salles (BRS), has questioned the role of shipbrokers’ input into the…
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Middle East
DP World buys giant Mumbai warehousing company
Dubai terminal operator DP World and Indian sovereign wealth fund National Investment and Infrastructure Fund (NIIF) are paying $400m to…
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Containers
MSC launches Iberian rail freight service
Containerline Mediterranean Shipping Company (MSC) is launching of a new rail freight service between Seville, Spain, and the Atlantic, beginning…
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Bunkering
BunkerEx claims pricing breakthrough
BunkerEx, the new online marketplace for bunker purchases, claims it is now capable of offering the lowest bunker prices for…
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Europe
Maersk hit by another cyber attack
Maersk has been hit by another cyber attack. Investigators are looking into how hackers managed to get into towage subsidiary…
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Europe
Wärtsilä acquires Transas for $258m
Technology group Wärtsilä is buying navigation solutions specialist Transas for EUR210m ($258m). The move will speed Wärtsilä along its path…
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Tankers
Astounding volumes of VLCCs being scrapped still not enough to offset incoming deluge of newbuilds
The number of older VLCCs sent for scrap so far this year has been “somewhat astounding”, Clarkson Research states in…
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Asia
Liner blockchain breakthroughs proliferate
Hong Kong company 300cubits has announced the completion of the first trial shipment in its smart contract deployed on the…
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