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Greater China
Noble Group holds talks with stakeholders in survival bid
Embattled Noble Group, a Hong Kong commodities trader, has commenced discussions with various stakeholders regarding potential options to address the…
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Containers
Limited capacity withdrawals impacting spot box freight rates
In a game of chicken liners’ inability to retreat is going to hurt them. Limited capacity withdrawals over the winter…
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Asia
Hyundai Heavy rejigs senior management
Hyundai Heavy Industries, the world’s largest shipbuilder, has rejigged its senior management set up, ditching a dual CEO function in…
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Americas
Log-In Logistica orders 2,700 teu ship at Wenchong
Brazilian cabotage carrier Log-In Logistica has ordered a 2,700 teu containership at China’s state-run Guangzhou Wenchong Shipyard. The ship, costing…
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Europe
Nils Smedegaard Andersen becomes chairman at Unifeeder
Sixteen months since he left his top post at Maersk, Nils Smedegaard Andersen has wound up at another Danish containerline.…
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Europe
Stena Bulk announces major reorganisation
Stena Bulk is reorganising its business activities into three business areas: crude and fuel, products and chemicals and LNG and…
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Greater China
Odfjell and Sinochem form new tanker pool
Odfjell has signed a framework agreement with Sinochem Shipping Singapore whereby Odfjell will take four of a total newbuilding order…
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Europe
Lomar vows to remove wrecked boxship off reef
The owners of the boxship, which has split in two on a reef off New Caledonia, have vowed to remove…
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Americas
Americans top charts in distressed asset acquisitions this year
This year has seen American owners top the list of buyers of distressed tonnage, snapping up vessels sold at bank…
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Americas
Portland to welcome back liner calls after lengthy time on the sidelines
After more than 18 months of lying dormant the Port of Portland’s container facility, Terminal 6, has found a customer.…
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Greater China
DBS ditches troubled Noble Group
Embattled Hong Kong commodities trading house Noble Group has lost the support of another key bank, Bloomberg is reporting today.…
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Europe
Lomar’s grounded boxship splits in two off New Caledonia
Lomar Shipping’s brand new 2,194 teu Kea Trader boxship has split in two on a reef off New Caledonia. The…
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Tankers
Firmer tanker spot returns and rock bottom newbuild values too attractive to resist?
While tanker orders have slowed dramatically in the second half of the year, shipbroker Gibson is suggesting owners could be…
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Ports and Logistics
Australian port surcharges questioned
Not for the first time charges levied by terminal operators in Australia are under the spotlight. The Australian Competition and…
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Middle East
Ships targeted off Yemen
Houthi militias have repeated they are out to target commercial ships transiting near war-torn Yemen. “We will take measures we…
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Europe
Damen buys Mangalia yard from DSME
Damen Shipyards Group is buying a controlling stake in Romania’s largest shipyard, bringing some relief to both Bucharest and under…
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Contributions
Where pigs can swim
The tit for tat between the republic of the Marshall Islands and the International Chamber of Shipping this week over…
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Middle East
Tristar gets $100m investment from Kuwait
Kuwait-based Gulf Investment Corporation (GIC) has bought a $100m equity stake in UAE-based Tristar Group. Tristar will use the funds…
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Asia
Sri Lanka to liberalise shipping sector
The Sri Lankan government is looking to mirror Singapore in liberalising its freight transport sector in a bid to become…
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Environment
‘We will not compromise on our survival’: Marshall Islands responds to ICS criticism
The republic of the Marshall Islands has hit back at claims it is being both inflexible and unrealistic in its…
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