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Americas
MSC and HMM complete takeover of Hanjin’s US terminals
Terminal Investment Limited (TIL), a subsidiary of Mediterranean Shipping Company (MSC), today confirmed the acquisition of Hanjin’s interests in Total…
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Americas
Navigator Holdings issues bonds
New York-listed gas giant Navigator Holdings has issued $100m aggregate principal amount of new senior unsecured bonds in the Nordic…
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Containers
100 more panamax boxships need to be scrapped
Up to one hundred further panamax containerships will need to be scrapped before the segment can regain its footing again,…
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Europe
Oldendorff flips another post-panamax for quick profit
German bulker giant Oldendorff is proving very adept at flipping vessels for a fast buck as dry bulk assets climb…
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Asia
Duterte asks China for help to fight piracy, compares Sulu Sea to Somalia
Philippine President Rodrigo Duterte has asked China to help in the fight against Muslim militants belonging to the Abu Sayyaf…
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Greater China
Noah’s Ark refloated in Qingdao
There’s a maritime revival of biblical proportions taking place in the northeast of China. Qingdao Marine Noah’s Ark Shipping (QMNA),…
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Americas
DHT heads to Hyundai Heavy for pair of VLCCs
South Korea’s Hyundai Heavy Industries (HHI) has notched up its first ship contracts of the year. DHT Holdings, which this…
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Europe
Maersk mulls Brazil energy sales
Maersk Energy is mulling selling its oil and gas business in Brazil, its ceo has told Reuters. “We have said…
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Americas
Hanjin Group drawn into US bankruptcy proceedings
Hanjin Group risks being drawn into the US bankruptcy proceedings of subsidiary Hanjin Shipping. The New York Shipping Association-International Longshoremen’s…
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Europe
Kvaerner and Aker Solutions win Johan Sverdrup contract
Kvaerner has together with Aker Solutions been awarded a contract for offshore hook-up of the riser platform for the Johan…
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Americas
Donald Trump appoints Michael Khouri as FMC chair
President Donald Trump has appointed Michael Khouri as chairman of the five-member Federal Maritime Commission. Khouri, a 45-year veteran of the…
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Asia
Japanese shipping majors in freefall
On a dire day for Japan’s big three shipping lines, Nippon Yusen Kaisha (NYK) revealed a record loss of just…
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Europe
Restructuring at Fredriksen’s Seadrill proving complex
John Fredriksen’s rig outfit Seadrill has admitted restructuring is proving more complex than originally forecast and stakeholders face noticeable losses.…
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Europe
Toisa provides more details on Chapter 11 filing
More details have been released about the Chapter 11 filing in New York by Toisa, a shipowning vehicle controlled by…
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Operations
InterManager warns IMO on growing seafarer fatigue
InterManager, the shipmanagement association, presented its findings on fatigue at sea to the International Maritime Organization (IMO) yesterday in London.…
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Asia
Varun closes in on $420m Chinese VLGC series
India’s Varun Shipping has signed a letter of intent at China’s Jiangnan Shipyard for a massive order of VLGCs. Brokers…
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Asia
Indian oil spill clean-up efforts criticised
Indian authorities are coming under increasing criticism for their lack of oil spill clean-up infrastructure. In the wake up of…
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Asia
Sentek Marine takes elderly VLCC for $16.5m
Sentek Marine, best known as a Singapore bunker supplier, has bought its second VLCC. Brokers report it has paid $16.5m…
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Europe
Gregory Callimanopulos’s Toisa files for Chapter 11 in New York
Toisa, a shipowning vehicle controlled by colourful Greek magnate Gregory Callimanopulos, has sought bankruptcy protection in New York. The Chapter…
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Containers
‘Huge threat to global shipping’: BIMCO warns on growing protectionism
Global shipowning body BIMCO has issued a brace of reports in which it warns growing protectionist policies around the world…
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