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Containers
Shippers up in arms as boxes are rolled over and GRIs rain in on the transpacific
With peak season on the transpacific container trade enjoying volumes not seen for many years, shippers are getting anxious about…
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Asia
Hyundai Mipo shutters one of its four drydocks
Hyundai Mipo Dockyard has suspended operations at one of its four drydocks through to the end of the year as…
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Asia
Rampant Southeast Asian boxport expansion questioned
Boxport rivalry in Southeast Asia could be set to get a whole lot more intense with recent news from Kuala…
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Asia
Noble Group readies sale of oil and LNG units
With its debts ballooning embattled Noble Group, an Asian commodities giant, will likely offload its oil and LNG units next…
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Ports and Logistics
Wellington port’s earthquake repair bill stands at $247m
Repairing earthquake damage at Wellington’s port will cost NZ$340m ($247m), according to the port’s terminal operator, CentrePort. The port was…
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Europe
Frontline remains in the hunt for ‘attractive opportunities’ in prolonged weak tanker market
Despite losing more money its latest quarter John Fredriksen’s tanker venture Frontline is eyeing some opportunistic acquisitions in the coming…
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Europe
Coral Shipping takes second tanker in the space of just five weeks
Active Greek tanker firm Coral Shipping has been linked to its second acquisition in just over a month. Brokers suggest…
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Europe
Airbus flies in to aid maritime cyber security
Toulouse-based Airbus Defence and Space has partnered with CSO Alliance, a maritime community of company security officers (CSOs), to build…
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Europe
Borr Drilling lists in Oslo
Borr Drilling, a Norwegian rig outfit created less than a year ago by executives formerly close to John Fredriksen, celebrates…
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Middle East
Greek tanker arrested in Libya
Libyan naval forces yesterday arrested a Liberian-flagged product tanker on suspicion of smuggling oil off the Abu Kammash area west…
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Asia
Samra Midas merges SM Line, Korea Shipping Corporation and Woobang Engineering & Construction
The parent of new Korean container carrier SM Line will bolster the liner’s financials by folding two other companies into…
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Asia
Last payouts made at defunct Rickmers Maritime Trust
Rickmers Maritime Trust has been wound up with the last payments made to unsecured creditors, leaving many investors out of…
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Asia
Charter fixed for the world’s largest FSRU
The world’s largest FSRU – due to be delivered in a couple of months – has found a charter in…
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Asia
PetroVietnam ready to liquidate Dung Quat Shipyard
State-run energy firm PetroVietnam is prepared to liquidate a loss-making shipyard it owns. In a report filed to the trade…
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Europe
Bunker broking platform launches in London
The opaque world of buying bunker fuel is set to enter the 21st century with the official launch today of…
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Europe
56% of Greek shipowners considering relocation
Expect delegations from maritime clusters from around the world to descend upon Athens in ever greater numbers on news that…
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Containers
Mid-sized tonnage being squeezed out of the future container fleet
The future global containership fleet will have little by way of mid-sized tonnage, according to a new report by brokers…
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Asia
Tanker watchers keep an eye on JX Ocean’s VLCC sale
The fleet rejuvenation scheme at Japan’s JX Ocean will reach an interesting crossroads this Wednesday. JX Ocean – part of…
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Dry Cargo
Oldendorff clinches sought after post-panamax
One of Europe’s most active bulker buyers has clinched a ship it has eyed for many months. German administrators acting…
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Europe
Elderly ship splits in two off Istanbul
A very old general cargo ship that had been en route for repairs split in two over the weekend near…
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