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Americas
Port of Portland sues Monsanto
The Port of Portland is suing agriculture giant Monsanto Corporation for contamination on port property. The port wants the company…
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Greater China
Wison unveils floating power designs
Shanghai-based Wison Offshore & Marine has unveiled a range of solutions for floating power supply. With a design philosophy of…
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Asia
SM pushes ahead with plans to become a top 20 liner
Samra Midas Group (SM Group) has prodded brokers to source up to 21 ships as it ploughs ahead with transpacific…
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Europe
Kristian Siem walks away from Farstad takeover
Kristian Siem has called off the takeover of Farstad Shipping, plunging the future of the Norwegian OSV operator into doubt…
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Europe
2017: the year for dry bulk owners to escape the bankers’ clutch
Jens Ismar, ceo of Norway’s Western Bulk Chartering, foresees a healthier year coming up for dry bulk, one where “many…
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Europe
Euronav seals sale and leaseback agreement for four VLCCs
Euronav has entered into a five-year sale and leaseback agreement for four VLCC vessels with investment vehicles advised by Wafra…
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Asia
Japanese yards overtake Korean rivals
For the first time since the dawn of the new millennium Japanese yards have overtaken their Korean rivals in terms…
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Asia
Samsung Heavy wins $1.27bn contract from BP
Samsung Heavy Industries (SHI) has won the first South Korean vessel order of the year, concluding a lengthy contract with…
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Greater China
Maersk and Alibaba join forces
In a revolutionary first for container shipping, Denmark’s Maersk Line has teamed up with Alibaba, China’s online purchasing equivalent to…
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Asia
Generator failure led to Johor boxship collision
The failure of a generator on a Wan Hai ship led to the collision two days ago that created a…
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Finance and Insurance
Wellard in breach of its debt covenants again
Wellard, the Australian livestock shipper, has admitted it is once again in breach of its debt covenants. Wellard said in…
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Asia
Japanese shipping giants show little optimism for 2017
The heads of Japan’s three largest shipping lines addressed their employees today as the nation headed back to work. The…
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Asia
Bunker leak following boxship collision off Johor
The Singapore-registered, 1,662 teu container vessel Wan Hai 301 and a Gibraltar-registered, 4,250 teu container vessel collided near midnight last…
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Asia
Boxship attacked off Mindanao
The 712 teu feeder ship was attacked yesterday afternoon by armed men off the southern Philippines. Two speedboats approached the…
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Europe
Fincantieri selected to take over STX France
Italian yard Fincantieri has been designated the preferred bidder for STX France by a court in South Korea handling the…
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Asia
Korean shipyards brace for another tough year
The CEOs of South Korea’s top three shipyards have given their new year’s addresses to employees and have warned of…
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Asia
Korea Line’s transpacific entrance barred
Korea Line Corp might not be entering the transpacific container trades after all. The board at the dry bulk line’s…
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Asia
HMM teams up with Heung-A and Sinokor
Hyundai Merchant Marine (HMM) has teamed up with fellow Korean lines Heung-A and Sinokor to form an intra-Asia container alliance.…
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Asia
KDB ups stake in DSME
The ongoing restructuring at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has seen lead creditor Korea Development Bank (KDB)…
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Asia
Former Hanjin boss charged with insider trading
The former chairman of Hanjin Shipping was indicted on Friday on charges of insider trading. Choi Eun-young stands accused of…
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