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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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Europe
Volstad thrashes out deal with creditors
Norwegian offshore support company Volstad Maritime has managed to thrash out a deal with creditors to ensure its survival. In…
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Finance and Insurance
Chinese leasors now control fleet in excess of 1,000 ships
Chinese leasors are now thought to control a fleet in excess of 1,000 ships, making them one of the most…
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Asia
Abu Sayyaf beheads two seafarers
Philippine armed forces discovered the beheaded bodies this morning of two Vietnamese seafarers abducted by Muslim terror group Abu Sayyaf…
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Asia
Hyundai Heavy at loggerheads with trade union, braces for more strikes
Just as it is getting back on track, nailing new orders, the world’s largest shipbuilder finds itself at a risky…
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Asia
Damen closes in on Mangalia
Romania’s largest shipbuilder could be bought by Damen Shipyards. Mangalia, owned by restructuring Daewoo Shipbuilding & Marine Engineering, has been…
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Europe
Norway’s new seafarer salary scheme welcomed
The Norwegian government’s new salary scheme for seafarers, which came into effect over the weekend, means companies employing Norwegian seafarers…
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Dry Cargo
Study claims ships are becoming less efficient
Recent improvements in the design efficiency of new ships went into reverse last year, a new study claims. According to…
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Americas
KKR walks away from NordLB’s shipping loans
German lender NordLB has ditched plans to sell a EUR1.3bn ($1.5bn) portfolio of shipping loans to KKR, after around a…
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