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Europe
CMA CGM ditches US Lines brand
France’s CMA CGM has dropped the US Lines (USL) brand used on the group’s transpacific and North America – Oceania…
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Europe
Skou wants Maersk to become like FedEx
Søren Skou, group CEO of AP Møller Mærsk, outlined his vision for the future of the company’s transport and logistics…
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Europe
Kyklades sells aframax for $27m
One of the more active Greek tanker owners in the S&P markets has been busy wheeling and dealing again. Kyklades…
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Asia
KMTC takes Hanjin quartet
Creditors are having some success at selling off Hanjin Shipping ships – even unfavoured panamax boxships have found buyers. South…
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Asia
Hanjin liquidation one step closer
Samil PricewaterhouseCoopers (PwC) is recommending Hanjin Shipping be liquidated, likely marking the end of what was once South Korea’s largest…
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Greater China
Yang Ming dismisses merger speculation
Taiwan’s Yang Ming Marine Transport Corp has quashed speculation that it is up next in container shipping’s greatest year of…
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Europe
BP continues to phase out older vessels
BP has sold a trio of 12-year-old MR product tanker sister ships. Greece’s Unibros has been linked as the buyers…
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Europe
Gaslog, Star Bulk Carriers and Golar LNG hailed as best maritime equities of 2016
Gaslog, Star Bulk Carriers and Golar LNG have been hailed by Drewry Financial Research Services as the best performing maritime…
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Asia
Striking Sri Lankan dockworkers fired upon
Sri Lankan naval troops fired warning shots on Saturday to break up a protest by striking dock workers who had…
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Europe
12 lines flout Danish emissions rules
Danish authorities have sniffed out 12 shipping lines so far this year for using banned high sulphur fuel. Denmark sits…
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Containers
Rickmers Trust admits seven-year-old ship has been sold
Embattled Rickmers Trust Management has entered into a deed of consent with the Singapore branch of Commerzbank to settle some…
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Ports and Logistics
Suicide bomber kills 29 at Mogadishu port
A suicide truck bomb hit the entrance of Somalia’s biggest port on Sunday, killing at least 29 people. Islamist al-Shabaab…
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Asia
HMM boss puts brave face on 2M decision
Putting a brave face on the disappointment of not getting full membership to a key container alliance, the head of…
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Europe
Fredriksen’s Frontline linked with Gener8 takeover
Could dramatic consolidation be on the cards for the tanker sector? That’s the speculation in Oslo where in the wake…
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Asia
Chambal completes sale of India Steamship fleet
Indian fertiliser producer Chambal Fertilisers and Chemicals has finally offloaded its tanker fleet. Chambal first put its five-strong aframax fleet…
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Gas
Qatargas and RasGas to merge
Qatar is to merge state-owned liquefied natural gas producers Qatargas and RasGas. The transition, which will result in a single…
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Europe
NewLead pair sold by Goldman Sachs
Singapore owner Wilmar is ending the year at a gallop. Subsidiary Raffles Shipping has just been linked as the buyer…
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Europe
P&P Shipping takes two handymax bulkers
Pireaus-based P&P Shipping has beaten off plenty of competition to seal two handymax bulker deals. The company trumped 11 other…
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Europe
Olympic restructuring approved
Key stakeholders in Olympic Ship have come out in support of a new restructuring plan, which will allow the Norwegian…
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Asia
HMM jilted at the altar by Maersk and MSC
Not for the first time the world’s two largest containerlines have jilted a box peer at the alter. MSC and…
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