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Dry Cargo
Fred Cheng buys second cape
Best known as a tanker tycoon Fred Cheng has decided to focus on capesizes in his initial fleet buildup. Lion…
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Containers
ANL to call at quake-hit Wellington
ANL, a subsidiary of CMA CGM, will deploy geared boxships to the earthquake-hit port of Wellington to help get boxes…
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Europe
Banks set crunch February 28 deadline for Marenave
Troubled German line Marenave Schiffahrts has been given another month to sort itself out by its creditors. Banks have set…
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Americas
Cash-strapped PDVSA tankers stranded
State-backed Venezuelan oil and gas concern PDVSA is in dire trouble. Having skirted close to bankruptcy last year, Reuters is now reporting…
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Tech
Digitisation and the threat to the middleman
At Splash we always enjoy any contributions from the founder of Futurenautics, K D Adamson – whatever she has to…
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Americas
Seattle port boss on paid leave pending drink-drive trial
Facing a trial for drink driving in two months time, the CEO of the Port of Seattle Ted Flick has…
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Americas
Port of Vancouver offers discount for quieter ships
Canada’s Port of Vancouver has unveiled a new incentive for shipping companies to protect local marine wildlife. Vessels that meet…
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Asia
Rickmers Trust sends another boxship for scrap
Rickmers Trust Management continues to slim down its fleet in order to keep creditors at bay. The 2004-built, 5,100 teu…
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Asia
STX ordered to compensate shareholders $4.2m
Struggling South Korean shipyard STX Offshore & Shipbuilding has been told it must pay minority shareholders $4.2m in compensation to…
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Asia
X-Press Feeders drops TransAtlantic brand name
X-Press Feeders will drop the TransAtlantic brand name from the start of next month. X-Press Feeders bought three Baltic shortsea…
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Dry Cargo
BHP Billiton bypasses brokers with new online auction platform
Shipbrokers around the world are waking up to the shock news that one of the world’s most important shippers, miner…
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Containers
Amazon ventures ahead as an ocean freight forwarder
Amazon has started its long held plan to ship goods from Chinese merchants to the US, bypassing freight forwarders, according…
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Tankers
McQuilling warns of tough year for tanker owners
McQuilling Services has released its 20th anniversary edition 2017-2021 200-page tanker market outlook in which it warns tanker owners are…
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Containers
Boxship deliveries to outpace scrapping by two to one this year: Alphaliner
Boxship deliveries will outpace scrapping by two to one in 2017, analysts Alphaliner warns in its latest weekly report. Some…
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Asia
Seoul warns of more hardships as it tables $5.57bn of more maritime subsidies
The South Korean government offered both carrots and sticks to the local maritime community yesterday, suggesting there will plenty more…
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Europe
Victor Restis behind India Steamship foray
Victor Restis’s Enterprises Shipping and Trading has been identified as the taker of the last four ships belonging to India…
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Dry Cargo
LNG-fuelled capes eyed along ‘Green Corridor’ connecting Oz with China
A group of maritime players are looking at LNG fuelled capesizes to move along a so-called ‘Green Corridor’ between Australia…
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Europe
Saverys’ Hunter Maritime pounces for Chinese newcastlemaxes
The Saverys family’s new bulker bargain basement buying vehicle is being linked a quartet of newcastlemaxes. Brokers are suggesting Hunter…
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Greater China
Yang Ming defends its position, explains recapitalisation plan
Taiwan’s Yang Ming, the island’s second largest boxline, has moved to allay fears that its financial position makes it look…
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Americas
Oaktree and Senator bolster Star Bulk holdings
Leading private equity names are investing more in Nasdaq-listed Greek owner Star Bulk Carriers. Oaktree Capital Management and Senator Investor…
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