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Asia
Thai tanker owner outlines huge fleet expansion post-IPO
Thai tanker owner Prima Marine has a raft of new ships in its sights having successfully completed an IPO in…
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Tankers
Tanker investment fund launches
Marine asset manager Mjolner Shipping Holdings and New York merchant bank Mid-Ship Capital have just closed an oil tanker-focused investment…
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Europe
British government launches cyber security code of practice for ships
The UK government has launched a code of practice for ship operators to handle cyber security. Parliamentary undersecretary for aviation,…
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Europe
Scottish court rules in favour of selling controversial Indian OSV
A sheriff in Scotland has ruled in favour of selling an Indian OSV to pay back hundreds of thousands of…
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Tech
Malware spreading fast through the merchant fleet
A survey of 2,500 seafarers has revealed that 40% of officers have sailed on a vessel, which has become infected…
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Asia
Toyota pushes Japanese lines to order up to 20 LNG-fuelled car carriers
Japan’s big three shipping lines are in negotiations with the country’s leading yards for a massive car carrier order. With…
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Europe
Seadrill vows to fight on
John Fredriksen’s rig outfit Seadrill has said that the court overseeing the company’s chapter 11 restructuring proceedings has granted the…
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Asia
Polaris sends vintage converted ore carrier for scrapping
South Korea’s Polaris Shipping has taken advantage of the current very strong demo rates to scrap one of its controversial…
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Europe
Estonia to introduce tonnage tax
The Estonian government is rejigging its shipping regulatory framework with a tonnage tax on the cards. The Baltic nation has…
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Asia
Trafigura lines up another Pakistani LNG terminal
Commodities trader Trafigura has outlined plans to build Pakistan’s second LNG import terminal. To be based in Port Qasim in…
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Europe
Economou’s Cardiff Marine takes first suezmax of the year
George Economou’s Cardiff Marine has been linked by brokers to its first tanker acquisition of the year. The Greek company…
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Europe
Large oil slick washes up on Greek island near Piraeus
The cargo hold of the sunken product tanker has been 95% sealed, however dire images of oil washing up on…
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Containers
Carrier rate truce crumbling: Alphaliner
The capacity discipline and rate stability seen since Hanjin Shipping sought court protection just over a year ago is now…
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Europe
OW Bunker investors take aim at Morgan Stanley and Carnegie Investment Bank
Twenty-four Danish institutional investors in defunct OW Bunker are to sue Carnegie Investment Bank and Morgan Stanley, accusing both of…
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Europe
Regulators need mindset change to cope with pace of technological change
Maritime regulators need to change their mindsets from one of risk avoidance to focus more on risk management amid the…
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Europe
Seadrill set to file for chapter 11 today
John Fredriksen’s embattled Seadrill is expected to file for chapter 11 today, becoming one of the most high profile casualties…
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Americas
Ocean Rig faces another legal battle
New York lawyer Tally Wiener is not giving up in her pursuit of George Econonou’s Ocean Rig. Ocean Rig sought…
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Americas
Seaspan takes 11,000 teu Yangzijiang resale
Seaspan remains highly active chopping and changing its fleet mix in the weeks following the announcement that its co-founder, Gerry…
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Europe
World’s first class approved 3D printed propeller produced
A prototype of the world’s first class approved ship’s propeller has been produced using 3D printing techniques. The 1,350 mm…
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Asia
Sembcorp Marine’s Brazil yard wins $145m contract
Sembcorp Marine’s wholly-owned Brazilian subsidiary, Estaleiro Jurong Aracruz, has secured hull carry over works (COW) worth about $145m from Tupi…
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