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Europe
EC gives conditional approval to Hapag Lloyd/UASC merger
The European Commission yesterday gave its conditional approval to a merger between Hamburg boxline Hapag-Lloyd and the United Arab Shipping…
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Europe
Sovcomflot fixes $180m credit with Sberbank
Sovcomflot and Sberbank signed a memorandum of understanding (MOU) yesterday paving the way for a new $180m long-term credit agreement…
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Asia
HMM offered slot exchanges with Maersk and MSC
Maersk Line says it and MSC are still trying to find a way to partner with Hyundai Merchant Marine (HMM)…
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Europe
Golden Ocean looks to delay newbuild payments
John Fredriksen’s bulker entity Golden Ocean is in talks with shipyards to delay newbuilding payments scheduled for this year having…
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Asia
Rickmers Maritime warns trust could be wound up
The trustee-manager of Rickmers Maritime warned last night that the trust could struggle to continue as a going concern as…
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Shipyards
Shipyard orders at lowest level since the 1980s
Shipbuilding orders in the first ten months of this year have dropped to levels not seen since the 1980s, according…
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Europe
Maranakis swoops for SK cape trio
Evangelos Marinakis-led Capital Ship Management has been revealed by brokers as the buyer of three Korean capes belonging to SK…
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Europe
Tsakos takes BP aframax pair
Greece’s Tsakos has been revealed by brokers as the buyer of two BP aframaxes. The 114,000 dwt sisterships British Merlin…
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Asia
Petronas to delay Samsung FLNG to 2020
Samsung Heavy Industries has suffered another offshore setback, with Malaysian energy giant Petronas delaying delivery of its giant newbuild FLNG…
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Greater China
Hong Kong debate makes the case for geared eco ultramaxes
Where to spend $10m as a shipping investor? That was the question posed today to a diverse panel attending a…
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Europe
CMA CGM boosts Algerian presence
French containerline CMA CGM is boosting its presence in Algeria by teaming up with local line CNAN Nord. The pair…
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Greater China
Shipowners are like ‘unsupervised children’
Shipowners are like “unsupervised children” who do not understand basic economics, a leading shipowner claimed to much mirth at today’s…
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Gas
Contrasting fortunes for the LNG and LPG trades
Contrasting fortunes for the LNG and LPG trades were outlined at the tanker session during today’s Asian Logistics and Maritime…
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Asia
‘Political blundering over economic sense’: Hanjin’s demise attacked
The Korean government bungled the collapse of Hanjin Shipping and should have done away with Hyundai Merchant Marine (HMM) instead,…
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Asia
Swissco officially seeks judicial management in Singapore
Troubled Singapore offshore operator has officially sought judicial management, weighed down by millions of debts and banks unwilling to support…
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Asia
Swiber sells barge, proceeds to go to DBS Bank
Swiber Holdings, under judicial management in Singapore since July, has managed to sell one of its older barges, the .…
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Asia
HMM denies it has been vetoed from 2M
Hyundai Merchant Marine (HMM) sought to quell customer and investor concern over the weekend, denying reports in the Journal of…
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Asia
Reprieve for Perisai Petroleum Teknologi
Troubled Perisai Petroleum Teknologi, a Malaysian associate company of Emas Offshore, has got some breathing room from creditors thanks to…
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Asia
Transmed takes Nisshin kamsarmax trio
Nisshin Shipping’s rapid fleet pullback continues apace. Having put a trio of kamsarmaxes in the shop window a few weeks…
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Asia
Hanjin court verdict delayed to February
Hanjin Shipping’s fate will now be decided in February rather than December as originally planned. The Korean line, which sought…
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