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Environment
Shipping failing to meet emission reductions targets: IEA
A new report from the International Energy Agency (IEA) report slams shipping for failing to take tough enough measures to…
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Middle East
Dubai plans $1bn shipping fund
Dubai is planning a $1bn shipping investment fund, according to Reuters. State-run Dubai Maritime City Authority is leading the project…
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Europe
Danish Ship Finance predicts growth in seaborne volumes will average just 1% per annum through to 2030
Danish Ship Finance has provided a sneak peak of its latest market report, one that paints a grim picture for…
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Europe
Murmansk Shipping pledges all its assets to Sberbank for $104m loan
Seeking a RBL5.86bn ($104m) loan from Sberbank, Murmansk Shipping Company has put all of its assets down as collateral. As…
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Asia
Vallianz settles $138.7m of debts with Swiber and Rawabi
Struggling Singapore OSV provider Vallianz Holdings has fixed separate set-off and settlement agreements (SOSAs) with Swiber Holdings and Rawabi Holding to…
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Europe
Hapag-Lloyd and UASC complete merger
Hapag-Lloyd and United Arab Shipping Company have completed their merger. The new Hapag-Lloyd, one of the top five global carriers,…
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Middle East
Three bidders vie for UACC
Bahri, the giant Saudi tanker owner, Milaha, the diverse Qatari maritime conglomerate and an unidentified UAE firm have all been…
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Americas
Glencore makes Bunge takeover approach
Glencore, the mining and energy conglomerate, has made an informal takeover approach to the commodity company Bunge Limited. “Discussions may…
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Europe
Vorsprung durch Technik: German yards must counter Asian subsidies by offering superior technology
German shipyards might be enjoying record numbers of orders, but they are still hurting from governments in rival nations dishing…
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Europe
Norwegians to finance vessel retrofits
Following the IMO ratifications of the ballast water and exhaust gas treaties, government-owned Export Credit Norway is now offering financing…
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Europe
DONG Energy sells upstream business to Ineos
Denmark’s DONG Energy has today agreed to divest the entire share capital of DONG E&P to the UK’s Ineos for…
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Europe
Seadrill promotes Dibowitz to CEO
Under pressure Seadrill has promoted its American chief commercial officer to replace Per Wullf as CEO. Anton Dibowitz will take…
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Americas
Marshall Islands issues Stellar Daisy statement as repairs continue on another Polaris converted VLOC
More than seven weeks since the Stellar Daisy sank in the South Atlantic with the loss of 22 lives, its…
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Europe
Denmark trials blockchain to register ships
The Danish Maritime Authority has launched a pilot project to harness blockchain technology to make ship registration a more digitilised…
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Ports and Logistics
Images emerge of another crane collapse
Images have emerged of another gantry crane knocked out of action, days after the spectacular crash of a huge crane…
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Asia
Narendra Modi vows to develop India’s ports
Indian prime minister Narendra Modi has stressed the need for modern port facilities across the coastline of the world’s largest…
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Asia
Cargill buys panamax pair
Cargill has bought a pair of panamaxes – a rare foray into vessel ownership for the massive dry bulk shipper.…
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Europe
Benetech takes LR1 for $17m
In the products sector Japan’s Doun Kisen Kaisha has sold its ten-year-old LR1 to Greece’s Benetech Shipping for a price,…
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Americas
Founders of Yahoo! and PayPal invest in new bulk broking tool
Silicon Valley has come in with an initial $2.5m to support Shipamax, a new bulk broking tool. Shipamax’s founders say…
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Europe
Russian ships targeted by Islamic State now under escort through the Bosphorus
Combined Turkish forces are escorting Russian ships through the Bosphorus Strait as a result of an intelligence tip that Islamic…
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