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Asia
HMM in the mix for Hanjin’s transpacific operations
Hyundai Merchant Marine (HMM) has come out and said it is likely to bid for the transpacific assets of troubled…
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Asia
Troubled Ezra seeks waivers from bondholders
Singapore offshore firm Ezra Holdings sought today to ease its beleaguered financial position asking for waivers from bondholders on a…
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Europe
CMB turns bearish on panamax boxships, sends 12-year-old twins for scrap
Belgium’s Bocimar has turned bearish about prospects for panamax container vessels, becoming the latest owner to scrap 12-year-old boxships. The…
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Europe
French sugar trader creates stir with handy quartet swoop
Hamburg Bulk Carriers is selling off a sizeable part of its fleet to France’s Sucden Group. In total HBC has…
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Europe
Kyklades bags Metrostar VLCC bargains
Brokers confirm Greece’s Kyklades Maritime has taken the last two VLCCs on order from Metrostar Management. Kyklades, owned by Aristides…
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Asia
Sweeping changes at the world’s largest shipbuilder
The world’s largest shipbuilder is making plenty of changes as it fights to get through the downturn. Senior management at…
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Containers
Shipowners warned on risks of carrying lithium-ion batteries
The Standard Club is warning shipowners to be carerful when transporting lithium-ion batteries in the wake of widespread reports of…
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Asia
Another Korean line files for court receivership
Another South Korean shipping line has sought court protection. Seorae Sea Merchant Corp filed for bankruptcy on Friday in Seoul.…
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Middle East
Suez Canal negotiating radical pricing rethink
In a radical shift for its pricing mechanism, the Suez Canal Authority is in discussions with a number of the…
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Asia
Hanjin insurance pay out could hit $1.8bn: Credit Suisse
Credit Suisse analysts are warning the insurance fallout from the demise of Hanjin Shipping could be one of the largest…
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Asia
STX awaits court armistice as rehab verdict delayed until November 11
The decision by a court in Seoul whether or not to approve STX Offshore & Shipbuilding’s rehabilitation plan has been…
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Asia
MOL in for rare cape order
News comes from Japan of a very rare order for a new capesize. Imabari Shipbuilding has signed a contract with…
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Europe
Local investors willing to keep Olympic torch burning
Troubled Norwegian offshore line Olympic Shipping has revealed a consortium of local investors are willing to invest into the restructuring…
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Asia
Restis finally secures HHI suezmax berths
The Greeks have worked out that tanker newbuild prices are likely to have hit rock bottom and they are moving…
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Americas
Teekay sells last MR tanker
Teekay has disposed of its last remaining MR tanker, the 11-year-old . Clarksons Research reports Champion Tankers has taken the…
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Europe
Saverys family back in the hunt for distressed assets
The Saverys family is in the hunt for bargains, lining up an IPO of a new company worth up to…
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Asia
Hanjin’s intra-Asia focus pushes ahead with likely transpacific sale
Plenty more is unfolding in the Hanjin Shipping saga with a court in Seoul now mulling selling the Korean line’s…
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Middle East
Crew from four tankers abandoned off Fujairah
Four aframax tankers and 14 crew have been abandoned off Fujairah since June. The seafarers – all Indian – were…
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Asia
Hanjin mulls mass layoffs in intra-Asia ploy
Hanjin Shipping is increasingly having to plan ahead for a future as just an intra-Asia operator. South Korea’s largest shipping…
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Containers
Container shipping in its most uncertain period ever
In the 60 years since Malcom Mclean first whacked a box on a converted tanker and ushered in the era…
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