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Europe
Declaration on shipping emissions signed by 35 nations in Paris
Shipping proved a central plank of discussion at the Emmanuel Macron convened One Planet climate summit in Paris yesterday. The…
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Dry Cargo
Capes pass $30,000 mark, hitting four-year highs
Capesize freight rates crashed through the $30,000 mark yesterday, hitting highs not seen for four years. Brokers pointed to the…
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Europe
Goldman Sachs appointed to advise on sale of DVB
Germany’s DZ Bank is pushing ahead once again with plans to sell its DVB transport finance arm, Reuters is reporting.…
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Europe
Medlog buys its largest ship
Medlog, MSC’s dedicated Turkish subsidiary, has taken on its largest boxship to date. The 2,207 teu will be deployed on…
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Americas
US crude oil exports now more important to shipping than US product exports
The United States government lifted its restrictive policy on crude oil exports in December 2015. In September and October 2017,…
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Asia
International Transport Forum urges Jakarta to ease cabotage laws
If Indonesian authorities want to see their dreams of more mainline box calls become reality cabotage laws will need changing,…
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Greater China
Nobu Su takes to YouTube to air claims of money laundering
Nobu Su, the fallen Taiwanese shipowner turned serial maritime inventor, has uploaded a short documentary to YouTube, available below, in…
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Europe
FrontMarine orders eight ultramaxes at New Times
Cyprus’s FrontMarine is in for eight 63,000 dwt bulkers at New Times Shipbuilding with brokers Allied reporting a cheap price…
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Asia
Vietnamese master abducted by Abu Sayyaf found dead
A Vietnamese master kidnapped in southern Philippine waters last year has been found killed. Pham Minh Tuan was found by…
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Asia
Japanese corporate giants trial cross-border blockchain technology
A group comprising some of the largest corporations in Japan including Mitsui OSK Lines (MOL) are carrying out a demonstration…
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Greater China
SITC buys Yangzijiang 2,700 teu quartet
China’s largest private boxline continues its busy year of expansion. SITC has ordered four tier III 2,700 teu ships at…
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Asia
Panamax acquisition takes Apeejay fleet past the 5m dwt mark
India’s Apeejay Shipping has bought its second panamax bulker of the year, taking a 13-year old, Japanese-built 76,602 dwt ship…
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Europe
Jumbo opts for dual-fuel heavylift crane vessel
European heavylift giant Jumbo has signed a letter of intent with China Merchants Industry Holdings to build a revolutionary ship.…
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Europe
Triton Partners takes geared boxship
Private equity concern Triton Partners has picked up a four-year old Chinese built geared boxship. Triton is paying $13m for…
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Europe
Endre Hermansen buys into Fred. Olsen Energy
Investor Endre Hermansen, the eldest son of the late shipowner and politician Folke Hermansen from Stavanger, has bought 408,530 shares…
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Europe
Maritime a dangerous work environment for sexual harassment: YoungShip
Top leadership at YoungShip, the non-profit organisation for young people working within the global maritime industry, have issued an open…
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Asia
Loss making Samsung Heavy replaces CEO
South Korea’s Samsung Heavy Industries, one of the world’s largest shipbuilders, has installed Joonou Nam as its new CEO after…
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Greater China
Shanghai unveils world’s largest automated box terminal
Shanghai International Port Group (SIPG) began trial operations of the world’s largest automated container shipping terminal at Yangshan over the…
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Greater China
Formosa Plastics adds three more MRs at Guangzhou
Taiwanese tanker giant Formosa Plastics has returned to Guangzhou for more MRs. Clarksons Research notes in its latest weekly report…
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Asia
Essar details shopping list
Essar Shipping has detailed its shopping list with liquid bulk to the fore. The private Indian owner’s CEO Ranjit Singh,…
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