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Asia
Prices for Japanese panamax bulkers continue to improve
A ten-year-old Sasebo-built panamax bulker has been bought by Zihni Shipping for a price Clarksons Research lists in the high…
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Europe
Chellaram revealed as buyer of Klaveness kamsarmax
Chellaram Shipping, which has been busy paring back its dry bulk interests for most of this year, is still sniffing…
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Environment
No firm CO2 deal at MEPC70
After the surprise euphoria of Thursday’s 0.5% sulphur cap limit by 2020 announcement, shipping reverted to its normal self today…
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Asia
HMM front-runner to take over Hanjin’s transpacific operations
Hyundai Merchant Marine (HMM), Korea Line Corp and three unidentified other parties are in the mix to take over the…
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Greater China
Chinese to upgrade Guinea port
China Harbour Engineering Company (CHEC) has signed a massive $770m deal with Guinea’s government on Monday to upgrade the port…
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Environment
IMO’s 2020 sulphur cap divides the industry
News from the IMO yesterday that a 0.5% sulphur cap will be instituted for shipping worldwide by 2020 has drawn…
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Europe
Blystad readies $100m bulker binge
Arne Blystad is taking his dry bulk ambitions to the next level with an over the counter offer on the…
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Asia
Perisai Petroleum on edge as winding up order lands and banks come knocking
Insolvent Malaysian offshore firm Perisai Petroleum Teknologi has moved a couple of steps closer to oblivion. A private investor, Ravi…
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Americas
Transpetro cancelling 17 tanker orders
Brazillian energy major Petrobras transport subsidiary Transpetro is cancelling orders for 17 tankers. The move seriously dashes government plans to…
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Europe
Drunk captain jailed
A ship’s captain has been sent to jail for eight weeks and fined £150 for being drunk in charge of…
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Europe
Danes push to create Global Maritime Forum
The Danish Maritime Forum wrapped yesterday with plenty of action points for delegates to take away with them. The third…
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Environment
IMO rules in favour of 0.5% sulphur cap by 2020
The delegates at the IMO have thrashed out a deal to put a cap on sulphur emissions of 0.5% to…
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Europe
NAT in for Samsung suezmax trio
Nordic American Tankers (NAT) has tapped South Korea’s Samsung Heavy Industries (SHI) to build three suezmax tankers of about 157,000…
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Europe
Container rates are climbing: Xeneta
Xeneta, the benchmarking and market intelligence platform for containerised ocean freight, says that in-depth analysis of Q3 container shipping costs…
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Europe
HSH Nordbank swoops for Hanjin ships and charters them to 2M
German bank HSH Nordbank has swooped for nine neopanamax Hanjin Shipping boxships and is leasing them to the partners of…
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Europe
CMA CGM looks to sell NOL’s terminals for $1bn
French boxline is looking to make some quick cash from offloading assets of new acquisition Neptune Orient Lines (NOL). Bloomberg…
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Asia
Stevedore boss assassinated in Paradip
The general manager of Hyderabad-based Seaways Shipping and Logistics Ltd (SSLL) was shot dead yesterday in Paradip, in what local…
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Asia
Crew found safe following Malaysian piracy attack
Authorities located yesterday the 10 crewmembers and tug and barge that were the latest victims of piracy in Southeast Asia.…
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Europe
Technip raises full year forecast on back of growing subsea deals
Surprising news in the otherwise moribund offshore sector was contained in today’s earnings report from Technip The French offshore services…
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Europe
CMA CGM’s Rodolphe Saadé warns of more bankruptcies
While expressing pity for his Korean peer Hanjin Shipping, Rodolphe Saadé, vice chairman of CMA CGM, warned other bankruptcies in…
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