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Dry Cargo
Yards look to profit from soaring secondhand bulker prices
Shipyards, noting the massive contraction in prices between secondhand and newbuild bulkers, are now trying to push up prices. In…
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Europe
Uljanik Plovidba makes gas move
Croatian owner Uljanik Plovidba is teaming up with Cyprus-based ECTA Caspian to form a joint venture looking to ship LNG…
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Europe
Tsakos’s latest product buy illustrates declining asset prices in the sector
Tsakos Group’s acquisition of the product tanker illustrates well the declining asset value in the sector. The Greek owner is…
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Tankers
Interest picks up for 13,000 dwt coated chemical tankers
Brokers are reporting interest has continued to increase in the 13,000 dwt coated chemical tanker sector. Thai stock-listed Ama Marine…
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Americas
Driftwood LNG project moves a step closer
Tellurian’s wholly owned subsidiaries, Driftwood LNG and Driftwood Pipeline have completed the pre-filing phase and collectively submitted a formal application…
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Americas
Hopes fade in search mission for missing Stellar Daisy crew
The two rescued survivors of the VLOC , which apparently sank in the South Atlantic on Friday, have told their…
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Europe
Cido sells boxship pair to Arkas
Hong Kong-based Cido Shipping has sold a pair of sub-3,000 teu boxships to Turkey’s Arkas Denizcilik. The fast expanding Turkish…
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Asia
Adani eyes Malaysian ports scene
India’s Adani Group has signed an MoU with Malaysia’s MMC Port Holdings with an eye to entering the Southeast Asian…
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Containers
Smart container inventor sets out to pioneer digital freight trains
Traxens, the Marseille firm best known for inventing the smart container, is turning its attention to a different mode of…
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Europe
BV shuffles management as it pursues digital strategy
Philippe Donche-Gay, president of French classification society Bureau Veritas, has been promoted to the role of senior executive vice president…
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Greater China
Formosa Plastics orders MR tanker trio
CSSC Offshore Marine, formerly Guangzhou Shipyard International has received an order from Taiwanese owner Formosa Plastics Marine for three 50,000…
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Europe
HNA in the running to buy HSH Nordbank
China’s HNA Group and Apollo Global Management are among at least five potential names to have lodged preliminary bids for…
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Americas
Canfornav takes Parakou handies
Canadian Forest Navigation (Canfornav) has bought a pair of sister laker ships – and Garganey – that it had been…
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Asia
MOL boss rings the changes, vows to ‘reshape’ business portfolio
Speaking on the occasion of Mitsui OSK Lines’ 133rd anniversary, Junichiro Ikeda, the president and CEO of the shipping giant…
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Asia
Kawasaki Heavy to slash 30% of Japanese staff
Kawasaki Heavy Industries (KHI) is downsizing its shipbuilding and offshore structure operations in Japan by around 30% amid a protracted…
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Asia
US judge rules in Keppel’s favour over Petrobras bribery links
A court in the US has thrown out a case linking Singapore’s Keppel Corporation to the massive bribery case that…
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Dry Cargo
Economou pounces for kamsarmax resale
George Economou has pounced for another bulker. Via Cardiff Marine, the Greek tycoon has taken an 82,000 dwt resale kamsarmax,…
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Asia
Mitsubishi Heavy to collaborate with Imabari and Namura
Mitsubishi Heavy Industries (MHI) has reached basic agreements with fellow Japanese yards Imabari Shipbuilding and Namura Shipbuilding in the wake…
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Americas
VLOC sinks in the South Atlantic
A very large ore carrier (VLOC) belonging to South Korea’s Polaris Shipping is believed to have sunk off Uruguay. Crew…
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Asia
Crews warned of armed threat off the southern Philippines
An in-depth 29-page report from Asia-based piracy information centre, ReCAAP ISC warns today that the situation off the southern Philippines…
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