Sam Chambers
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Asia
Bharati Shipyard admits it is a ‘sick industrial unit’
Mumbai: One of India’s top shipyards has conceded it is in a financially ruinous position. Bharati Shipyard warned today that…
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Asia
Pan Ocean seeks end of court rehab
Seoul: Under its new owners, the rejuevenated Korean line Pan Ocean has filed with a court in Seoul to finish…
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Asia
Korean banks rush to help out debt-laden DSME
Seoul: Korean banks are rushing to the aid of one of the nation’s top shipyards. Daewoo Shipbuilding & Marine Engineering…
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Asia
Korea to develop own LNG containment system
Seoul: Korea Inc is finally getting around to developing its own LNG containment system, something that has been discussed for…
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Americas
LR teams with Penn Oak Energy to offer LNG retrofits
London: UK classification society Lloyd’s Register has teamed with Penn Oak Energy Corp to help companies raise capital and mitigate…
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Asia
Offshore gamble hurting Korean trio
It was around a decade that Korean’s big three shipbuilders – Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and…
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Asia
Harim Group rings the changes at Pan Ocean
Seoul: Management changes have been made at South Korea’s Pan Ocean now that poultry processor Harim Group has completed its…
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Asia
NOL says no decision has been made on its sale yet
Singapore: Singapore’s Neptune Orient Lines (NOL) was forced to issue a release via the Singapore Exchange late last night regarding…
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Middle East
More ships attacked off Libya
Cairo: An unidentified cargo ship was sunk and another attacked yesterday near the eastern Libyan city of Benghazi, according to…
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Americas
Controversial Genco and Baltic merger completed
New York: Peter Georgiopoulos has won his way with shareholders, pushing through a controversial merger between his two dry bulk…
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Asia
PMSCs linked with arms smuggling in SE Asian waters
Kuala Lumpur: Private maritime security companies transiting Malaysian waters need to be careful. A local newspaper claimed today that a…
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Asia
Shreyas adds two more boxships
Mumbai: Fast expanding Indian boxline Shreyas Shipping and Logistics has added two more ships to its fleet. Shreyas, a subsidiary…
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Asia
NOL reportedly up for sale
Singapore: Singapore’s Neptune Orient Lines (NOL) is up for sale, according to The Wall Street Journal. Singapore’s sovereign wealth fund,…
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Europe
Rotterdam’s Russian oil terminal JV scrapped
Rotterdam: The frosty, sanction-laden relationship between the EU and Russia has seen another big oil project canned. Shtandart TT, a…
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Containers
Diego Aponte in Tehran looking at post-sanctions opportunities
Dubai: Wasting little time to capitalise on the lifting of sanctions against Iran, Diego Aponte, the ceo of Mediterranean Shipping…
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Asia
Trio roll out Stones FPSO project
Tokyo: Nippon Yusen Kaisha (NYK) is investing in its fourth FPSO. The Japanese line has teamed up with compatriot Mitsubishi…
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Asia
Former Vinashin official bought 40 properties with embezzled money
Hanoi: Intriguing details have emerged of the scale of embezzlement by the latest man captured for his links to corruption…
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Containers
Hapag-Lloyd pushes ahead with $5.5bn IPO
Hamburg: Hamburg-based liner giant Hapag-Lloyd is pushing ahead with a much-telegraphed initial public offering. The world’s fourth largest containerline is…
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Containers
Peter G tops the S&P markets in the first half
London: Gener8 Maritime has been the most aggressive player in the second hand market in the year to date, according…
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Asia
Korea takes steps to stay ahead of the shipbuilding pack
Seoul: Korea Inc is going all out to try and protect its leading position in world shipbuilding. The public and…
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