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Europe
TUI disposes of Hapag-Lloyd stake
German tourism firm TUI Group has sold its stake in Hapag-Lloyd, with the money raised from the sale to be…
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Asia
NYK finds Greek buyer for troubled VLCC
Nippon Yusen Kaisha (NYK) has found a buyer for a long-idled VLCC. The 2002-built has been sold for just $15.5m,…
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Greater China
Cosco takes OOCL, eyes CMA CGM
With a protracted deal for Hong Kong’s OOCL now done and dusted, Cosco Shipping is turning its attention to Marseille-based…
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Asia
ONE appoints Jeremy Nixon as CEO, highest ranked foreigner in Japanese shipping history
Jeremy Nixon has become the highest ranked foreigner at any of the Japanese big three lines in a history that…
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Finance and Insurance
Bank ship finance at 2007 levels, down by $42.5bn in 2016 alone
Despite the world’s merchant fleet growing dramatically in the past decade bank ship finance remains at 2007 levels, according to…
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Asia
Vinalines gears up for IPO
Ahead of a long-planned IPO in December this year state-run Vinalines has audited and is now deemed to be worth…
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Europe
Mixed bag at MEPC71
The UN’s shipping body, the International Maritime Organization (IMO) has settled on the main elements of an interim strategy aiming…
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Greater China
Reflecting on the Tungs’ stunning sale of OOCL
Some stories in this shipping game are harder than others to remain objective about. The sale of Orient Overseas Container…
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Asia
BW Pacific orders up to eight LR2s at Daehan
BW Pacific has placed an order for LR2 tankers at South Korea’s Daehan Shipbuilding. The Singapore joint venture between BW…
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Containers
Terminal operators allowing shippers to get away with murder
Shippers continue to put lives at risk by flouting cargo regulations. And they’ll carry on getting away with it as…
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Asia
Japanese box shipping joint venture establishes corporate set-up
Six days later than planned Japan’s big three lines have managed to get both a holding and an operating company…
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Europe
Maersk expects to get back to normal operations by early next week
Maersk has said it anticipates container shipments to be back to normal by early next week as it gets back…
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Europe
GeoSea buys wind installation specialist A2Sea
Belgium’s GeoSea has bought wind installation specialist A2Sea from Dong Energy and Siemens. GeoSea, part of the Deme group, said…
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Asia
Total details delays resulting from tragic Samsung Heavy crane accident
Two significant projects underway for Total at Samsung Heavy Industries are facing delays in the wake of the tragic crane…
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Europe
Yildirim looks to sell its 24% stake in CMA CGM
Turkey’s Yildirim Holding has hired China Citic Bank Corp to sell its 24% stake in the world’s third largest containerline,…
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Asia
Swiber seeks to extend period of judicial management
Swiber Holdings has sought to extend its period under judicial management, Singapore’s version of bankruptcy protection. The offshore firm, and…
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Asia
STX Engine up for sale
State-run Korea Development Bank has put STX Engine up for sale. The marine engine manufacturer has been in restructuring for…
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Regulatory
Pacific states call for dramatic shipping emissions cuts
A coalition of Pacific Island ministers yesterday launched their strongest joint call yet for the global shipping industry to radically…
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Europe
Shamrock Maritime takes latest United Ocean ship
Brokers are linking Shamrock Maritime with a supramax swoop. The Monaco-based firm is thought to be paying creditors of United…
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Operations
‘Ignorance is no longer an option,’ Bimco warns as cyber security guidelines are updated
The second edition of The Guidelines on Cyber Security Onboard Ships has been released, a timely publication in the wake…
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