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Greater China
China’s letter of serious intent
The letter of intent signed between state-backed CSSC and France’s CMA CGM for record-breaking 22,000 teu ships can be seen…
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Asia
Massive multinational search and rescue effort comes to a close off Singapore
The US Navy has taken the decision to stop searching waters around Singapore for the missing eight seafarers following Monday’s…
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Europe
Damage to seven-month-old grounded Lomar boxship ‘considerable’
Initial progress is being made to remove container units from the containership , following the successful removal of heavy fuel…
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Asia
Hyundai Heavy asks 5,000 workers to take unpaid leave
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, is seeking to get 30% of its 17,000-strong workforce to agree to…
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Containers
Carriers will need to cut Asia-Europe services as deluge of new tonnage arrives
SeaIntel data shows that the coming 12 months will see an 11.5% capacity injection on the Asia-Europe tradelane, giving rise…
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Asia
NYK aims for remote-controlled transpacific voyage by 2019
Nippon Yusen Kaisha (NYK) is looking to test run a remote-controlled containership transit across the Pacific in 2019, according to…
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Europe
Seadrill will file for chapter 11 by September 12
John Fredriksen’s embattled Seadrill will file for chapter 11 in under three weeks. The rig operator made a $158m net…
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Middle East
Bulker detained in Iraq following deadly collision with local OSV
A bulk carrier has been detained off Basra in southern Iraq after it was involved in a deadly collision with…
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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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