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Asia
Burnt boxes on MSC Daniela still too hot to handle 9 days after blaze
Nine days after a blaze broke out in the aft section of the 13,800 teu firefighters are still having to…
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Americas
Thousands sign petition launched by widow of El Faro seafarer demanding rule changes
The widow of one of the men who perished on the US cargo ship El Faro is using the tragedy…
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Shipyards
Ship repair yards swamped as ballast water regs hove into view
With ballast water management regulations fast approaching shipowners have rushed to ship repair yards in their droves in the first…
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Asia
Could Stellar Daisy spark an end to the converted VLOC?
Could a significant chunk of the global dry bulk fleet be set for accelerated scrapping? With a third elderly Polaris…
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Asia
Samudera to sell six ships as part of plans to exit Indonesian domestic trades
Singapore-listed Samudera Shipping is seeking shareholders’ permission to sell ships as it pushes ahead with a strategy to exit the…
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Asia
Burmese owner sends five for scrapping
Myanmar’s Continental Investment Holdings (CIH) has been making the most of high demolition prices by sending five boxships for scrap…
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Asia
Rickmers Trust to be wound up
Singapore’s Rickmers Trust Management is to be wound up after it failed to thrash out a satisfactory deal with lead…
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Containers
Maersk Line quietly adds the world’s largest boxship to its fleet
In typical Maersk fashion, the Danish liner giant welcomed its latest boxship yesterday, which turns out to be the largest…
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Europe
MPC Container Ships launches with $100m aimed at the feeder market
Germany has a new niche boxship investor. MPC Capital has initiated an investment company with a focus on small-size container…
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Asia
South Korea’s foreign minister vows to mobilise all resources to track down missing Stellar Daisy
South Korea’s foreign minister visited the headquarters of Polaris Shipping in Busan yesterday and vowed to up resources in the…
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Piracy
Somali pirate kingpin missing, presumed captured
The whereabouts of one of Somalia’s pirate leaders is unclear with speculation mounting that Aw Koombe, a man responsible for…
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Americas
Economou claims Ocean Rig restructuring will ‘safeguard a fair process’
George Economou’s embattled Ocean Rig has engaged Fearnley Securities to solicit support for the scheme of arrangement contemplated by the…
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Europe
Bourbon seals ‘milestone’ deal with ICBC Financial Leasing
In parallel with the negotiations that have led to the rescheduling of a large part of its debt, embattled French…
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Europe
Banks agree to give Globus Maritime a ‘breather’
Globus Maritime has reached agreements with DVB Bank and HSH Nordbank on certain amendments and waivers to the terms of…
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Europe
J. Lauritzen fixes financial position
J. Lauritzen has amended a new financing package from its core lenders and its owner, Lauritzen Fonden. The terms for…
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Asia
Polaris Shipping inspecting entire fleet in wake of Stellar Daisy sinking
Polaris Shipping, the world’s largest VLOC owner, is now carrying out inspections on all its fleet in the wake of…
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Americas
Porter quits Seaspan
Graham Porter has quit Seaspan, the giant containership leasor he founded with Gerry Wang. He will now focus on his…
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Europe
EU approves Maersk’s Hamburg Sud buyout
Maersk Line won EU antitrust approval on Monday for its buy out of Hamburg Sud having committed to pull the…
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Asia
SM Line takes another feeder
SM Line, the brand new containerline, continues its dramatically fast fleet build up. Brokers report the Korean company, an offshoot…
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Greater China
Wison launches multifunctional LNG carrier
Shanghai’s Wison Offshore & Marine has developed a multifunctional gas carrier named Wison-LNG-Distributor (LNGD). With scalable capacity between 5,000 to…
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