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Shipyards
State bank takes over Russia’s largest shipbuilder
State-owned VTB bank has taken over the running of financially troubled United Shipbuilding Corporation (USC) at the behest of president…
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Gas
Iranian LPG carrier catches fire
An Iranian LPG carrier caught fire yesterday in a blaze that quickly spread across the entire ship. TankerTrackers.com has been…
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Piracy
Singapore Strait sea robbery warning
Three sea robbery incidents occurred in the Philip Channel in the Singapore Strait in the space of just six hours…
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Shipyards
Bollinger Shipyards closes New Orleans facility
Bollinger Shipyards, the largest privately owned shipbuilder in the United States, has decided to close its operations in New Orleans.…
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Operations
Shippers look for alternatives as Panama Canal delays lengthen
Shippers are now actively rearranging Asian shipments, moving back from the US east coast to the west coast, as the…
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Containers
CULines boss back at work, refutes financial difficulties
Having disappeared from view for more than a month Raymond Chen has returned to work at China United Lines (CULines). …
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Americas
Del Monte accused of squeezing competition
Network Shipping (NWS), the shipping arm of fruit giant Fresh Del Monte, stands accused of “unfair or unjust discriminatory practices”…
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Tankers
Hafnia and Socatra order four methanol-powered MR tankers in China
Hafina and French joint venture partner Socatra have ordered four methanol-powered MR tankers at Guangzhou Shipyard International (GSI) in China,…
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Operations
Growing Panama Canal congestion a rates ‘wild card’
Delays at the Panama Canal averaged about 15 to 19 days per vessel in the first week of August, with…
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Bunkering
Fuel contamination spreads to Singapore
The fuel contamination incident in Houston Splash reported on a month ago has now spread to Singapore, the world’s largest…
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Asia
Fifth Korean company linked with HMM takeover
A fifth Korean company has emerged as a suitor in the takeover of HMM, the country’s flagship carrier. State-backed creditors…
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Finance and Insurance
Greek owners fare poorly in annual corporate governance scorecard
Greek owners Top Ships, StealthGas, Castor Maritime, Tsakos Energy Navigation, Euroseas, Safe Bulkers and Dynagas are the companies propping up…
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Europe
Rodolphe Saadé readies launch of national newspaper
Shipowner tycoon turned media baron Rodolphe Saadé plans to launch a national Sunday newspaper later this year, according to local…
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Europe
MSC takes over Milan air cargo carrier
MSC has acquired the majority stake of AlisCargo Airlines, a Milan-based air freight carrier. The parties confirmed that the transaction…
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Americas
Canadian dockworkers approve improved labour contract
Dockworkers in western Canada voted on Friday to accept an improved labour contract bringing an end to a month-long dispute…
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Ports and Logistics
Port call count highlights differing hub adherence among sectors
Different shipping sectors have mixed hub concentration levels, new data from Clarksons Research shows. In terms of capacity, it is…
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Operations
Suez tugboat sinks following collision with gas carrier
One crewmember died after a Suez Canal tugboat sunk on Saturday having collided with the , an LPG carrier. Traffic…
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Tankers
Maxed out: VLCC and suezmax utilisation forecast to hit close to 100% by 2025
The VLCC bulls are on parade with a host of data points pointing towards an extended boom period. A new…
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Containers
Volatile conditions see Maersk raise profit expectations while warning of weaker H2
Maersk became the latest carrier to post solid Q2 results today with an EBITA of close to $3bn with plenty…
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Middle East
US ready to deploy military personnel to safeguard Hormuz transits
US navy sailors and marines are training for a possible mission to board commercial ships in the Strait of Hormuz…
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