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Asia
MOL boss warns disruptive innovations will reshape shipping
Shipping should not shy away from opportunities brought around by the so-called sharing economy with the leader of Japan’s largest…
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Containers
Full vessels on the transpacific see peak season surcharges kick in early
Having failed to secure a peak season surcharge last September members of THE Alliance are tweaking capacities on the transpacific…
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Asia
Meiji Shipping readies dramatic expansion
Low profile Japanese owner Meiji Shipping is readying a dramatic fleet expansion. The Tokyo-headquartered diverse owner is currently listed with…
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Asia
More than 500 bulkers hit by severe coal terminal congestion in Asia
Severe port congestion both to load and unload coal is affecting more than 500 dry bulk vessels, according to data…
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Americas
Fairfax invests in Seaspan
Fairfax Financial Holdings, best known for its property and insurance investments, has agreed to take on up to $250m of…
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Asia
HMM CEO outlines plans to double fleet size by 2022
In a new year’s address to employees Yoo Chang-Keun has laid down plans to double the size of Hyundai Merchant…
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Containers
Boxship orders predicted to increase in 2018
Container shipping’s delicate supply/demand equilibrium is set to come under renewed pressure this year as a raft of new orders…
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Greater China
Shanghai becomes first boxport to handle more than 40m teu in a year
Shanghai has become the first port in the world to surpass 40m teu in a calendar year. “Handling a whopping…
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Europe
Private equity giants sell chemical tanker joint venture to Essberger
Embarcadero Maritime, a joint venture between Borealis Maritime and KKR, and Nordic Tankers have signed and closed an agreement to…
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Asia
India’s LNG carrier dreams are over
India’s long-held aspirations to build an LNG carrier on home soil have been shelved. New Delhi had been pursuing the…
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Offshore
Seabed Constructor departs Durban in latest bid to track down missing MH370
Bergen-headquartered Swire Seabed’s subsea vessel has been taken on charter by American firm Ocean Infinity and left Durban yesterday for…
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Europe
11% of newbuild contracts last year were for LNG-powered vessels
Dutch gas provider Titan LNG believes shipping reached a tipping point in terms of gas bunkering in 2017. According to…
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Americas
Pankaj Khanna takes over from George Economou at Ocean Rig
Sunday marks the final day for George Economou and his nephew Anthony Kandylidis to serve as CEO and CFO respectively…
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Europe
Vodka-fuelled bunker barge master sentenced
A Polish master of a bunker barge has been fined £1,000 at a court in Belfast after he was found…
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Tankers
GMS anticipates further swathe of VLCC scrapping
GMS, one of the world’s largest buyers of ships for recycling, is predicting a swathe of VLCCs will head for…
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Asia
Privatisation of Dredging Corp of India stirs controversy
The ongoing impasse between Vizag- based and listed public sector company, Dredging Corporation of India (DCI) and its employees is…
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Greater China
Ningbo-Zhoushan becomes first port to register 1bn tonne annual throughput
China can now boast the world’s first port to have an annual throughput of more than 1bn tonnes. Ningbo-Zhoushan port…
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Asia
Merged ONE to deliver savings of $440m in its first fiscal year
The merger of Japan’s three largest containerlines is expected to cut costs by a combined Y50bn ($440m) in its first…
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Greater China
Chinese port congestion sees carriers prune calls to three ports
Chinese port congestion is forcing leading liners to prune calls in the world’s most populous nation. Alphaliner is reporting the…
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Asia
MOL pioneering augmented reality to help seafarers
Japan’s Mitsui OSK Lines (MOL) continues to beat its own urgent path towards autonomous ships. MOL today signed an agreement…
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