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Operations
Australia looks at banning elderly livestock carriers
The Australian government is looking at banning elderly ships being used for live export to the Middle East. Transport minister…
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Asia
Search fans out for missing American sailors off Singapore
Search and rescue teams fanned out across more than 2,600 sq km of Southeast Asian waters today in a bid…
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Europe
Maersk Tankers buys into hedge fund CargoMetrics
Maersk Tankers has entered an equity agreement with CargoMetrics, a Boston-based hedge fund which can boast the likes of Google’s…
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Europe
Chinese yards win record-breaking 22,000 teu ship orders from CMA CGM
State-run newspaper China Daily has confirmed that Chinese yards have muscled out South Korea’s Hyundai Heavy Industries for a very…
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Americas
First ultra large container vessel transits the Panama Canal
The 14,855 teu capacity became the first ever ultra large container vessel (ULCV) to transit the Panama Canal yesterday in…
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Asia
Unions blast creditors over Sunday’s four deaths at STX
A pair of trade unions in South Korea have laid the blame for the deaths of four subcontractors at STX…
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Asia
Tsuneishi plows ahead with landmark shipbreaking facility in the Philippines
Japanese shipyard giant Tsuneishi is plowing ahead with a landmark shipbreaking facility in Southeast Asia. Tsuneishi is building a ship…
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Greater China
Hutchison Ports buys into Basra
Hutchison Ports has made its second overseas deal this year. The Hong Kong-based terminal operator has signed with Nawah Port…
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Asia
‘Steering casualty’ cited in US Navy collision off Singapore
A “steering casualty” onboard the USS John S. McCain has been cited by one US Navy official as the reason…
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Americas
Containerlines sign up for the New York Shipping Exchange
The New York Shipping Exchange (NYSHEX) has completed its series A round of funding with big name containerlines signing up.…
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Europe
Richard Sadler joins GasLog as COO
After a 19-month stint at the Ravi Mehrotra-controlled Foresight Group, Richard Sadler gave it a month’s break before taking on…
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Gas
FLNG becoming ‘mainstream’ as Fortuna project presses ahead
The Fortuna FLNG project in Equatorial Guinea is moving ahead with Guvnor selected as the preferred LNG buyer. Guvnor has…
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Europe
Stealth Maritime sells ageing MR for $8m
In the MR market the Stealth Maritime controlled , built in 2002, has been sold to IMS Greece for just…
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Asia
BlackRock in discussions to invest in Hyundai Merchant Marine
BlackRock, the world’s largest asset manager, is in discussions to make a sizeable investment into South Korea’s Hyundai Merchant Marine…
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Europe
Maersk Oil sold to Total for $7.45bn
A.P. Møller – Mærsk has found a buyer for its oil division. French energy giant Total has swooped for Maersk…
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Asia
Explosion kills four at STX’s main yard in South Korea
Four subcontractors were killed at STX Offshore & Shipbuilding’s main yard in Jinhae, South Korea near midday on Sunday. The…
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Europe
Oldendorff bags Samjin handy resales
Oldendorff Carriers is making the most of bargain bulkers on offer at yards across China. Clarkson Research has linked the…
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Greater China
China set to build on its dominant crude oil import position
China is set to build on its dominant position when it comes to crude oil imports, according to the latest…
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Americas
Silting a growing problem at Latin America’s largest port
Calls are growing for authorities to dredge Latin America’s largest port. The Financial Times is reporting how containerships are being…
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Dry Cargo
Cape rates hover around $20,000 a day
Capesize spot rates have stormed to the $20,000 a day level this week with analysts confident the rally can continue…
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