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Asia
Dyna-Mac ex-employee accused of stealing S$1m
Singapore-listed Dyna-Mac Holdings Ltd on Sunday said it has filed a police report in relation to suspected criminal conduct involving…
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Asia
Rickmers Maritime facing revolt over debt refinancing deal
Rickmers Maritime’s bid to avoid liquidation via debt refinancing has not been received well by investors. The Singapore-listed containership shipping…
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Asia
Lawyers the winners so far from Hanjin Shipping crisis
Lawyers are clearly the biggest winners to date in the 17 days since Hanjin Shipping sought court receivership, triggering supply…
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Asia
Are we entering peak bankruptcy season?
Are we entering peak bankruptcy time now for shipping? I’d argue that the coming six to 12 months will see…
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Europe
German banks carrying a quarter of all shipping loans: Dagfinn Lunde
Splash’s finance columnist Dagfinn Lunde has told Reuters that German banks account for nearly one quarter of the world’s $400bn…
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Greater China
Kaohsiung authorities assess super typhoon damage
Authorities at Kaohsiung port continue to assess the damage wrought by the unfortunately named YM Wind, a 14,000 teu newbuild…
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Maritime CEO
ACO Marine: IMO must strengthen wastewater management enforcement
Mark Beavis, managing director at wastewater management provider ACO Marine, is adamant IMO needs to step up to enforce greater…
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Asia
Rickmers Maritime fears liquidation
Rickmers Maritime has spooked Singapore investors admitting it is close to liquidation unless creditors come to its rescue. The listed…
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Asia
Carriers continue to add transpacific tonnage post-Hanjin
It’s not just Maersk, MSC and Hyundai Merchant Marine (HMM) that have rushed to add capacity on the transpacific trades…
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Greater China
Super typhoon lays waste to Kaohsiung box terminal
Super Typhoon Meranti, the strongest storm on record anywhere in the world so far this year, wreaked havoc and chaos…
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Europe
Hammonia Reederei joins the rush to scrap 13-year-old boxships
Hamburg’s Hammonia Reederei has joined the rush to scrap exceptionally young boxships. Brokers tell Splash the German company sent the…
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Europe
Maersk Oil cuts UK North Sea exposure
Maersk Oil continues its plan to divest itself of interests in the UK’s North Sea. British firm RockRose Energy has…
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Asia
SBI Offshore readies investigations into past misdemeanours
In crisis Singapore-listed firm SBI Offshore has added four extra independent directors as it readies investigations into past misdemeanours by…
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Europe
Star Bulk fixes financial position
Star Bulk has moved to fix its financial position. The New York-listed outfit has managed to put $224m of loans…
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Europe
Northern English ports form association
Ports in northern England are coming together to create what they are terming a “gateway to the world”. The new…
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Europe
20% of KG-funded boxships are insolvent
Nearly one in five containerships owned by KG funds in Germany are insolvent according to data released by research firm…
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Asia
Hanjin ships put up for sale as Italian subsidiary closes
More Hanjin ships have been put up for sale. Citing shipbroking sources, Reuters is reporting that the Hanjin Mar and…
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Dry Cargo
Bulker prices at historic all-time lows: Intermodal
Bulker prices are at historic all-time lows, broker Intermodal claims in a recent weekly report. In regards to dry bulkers,…
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Asia
Indonesian president urges greater ports build-up
Indonesian president Joko Widodo yesterday officially inaugurated a new terminal at the nation’s flagship port, Tanjung Priok, and used the…
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Asia
Singapore charts growth plans through to 2030
The Maritime and Port Authority of Singapore (MPA) has established the International Maritime Centre 2030 (IMC 2030) advisory committee to…
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