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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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Asia
South Korean president warns Seoul will not rescue Hanjin Shipping
Six Hanjin Shipping vessels are confirmed as arrested following the line’s court receivership at the end of last month. Seven…
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Asia
Is Hanjin shipping’s Lehman moment?
Is the fall of Hanjin shipping’s Lehman Brothers moment? That’s the point of view of Gerry Wang, the head of…
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Americas
Water cannon accident kills one, injures three
Investigators are looking into how an OSV undergoing sea trials saw three injured and one die. The was performing sea…
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Europe
Baltic tanker trades set for shakeup
Tanker trading patterns in the Baltic are set for a shakeup with news that Russia will stop exporting oil products…
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Europe
France braces for more port strikes this Thursday
France is bracing for more strikes at its ports. Workers belonging to the CGT trade union are set to take…
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Shipyards
Global shipbuilding capacity to fall by up to 30%: Teekay
A report from Canada’s Teekay Corporation published earlier this month sees global shipbuilding capacity falling by 20-30% over the next…
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Asia
Shippers could be sued for up to $300m by Hanjin Shipping
Extrapolating statistics from the bankruptcy of budget boxline The Containership Company (TCC) back in 2011, SeaIntel has warned in its…
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Asia
Fire sale surrounding Hanjin Shipping continues
The fire sale related to the Hanjin Shipping fleet is picking up momentum. Two small bulk carriers, which had been…
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Environment
Ballast water ratification akin to single-hulled tanker ruling 20 years ago: Gibson
Last week’s news that the IMO’s International Convention for the Control and Management of Ships’ Ballast Water and Sediments (BWMC),…
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Asia
‘Blow them up and feed them to the sharks’: Duterte talks tough on pirates
Philippine president Rodrigo Duterte will allow Indonesian maritime authorities to enter Philippine waters when chasing pirates. “We can make it…
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Asia
Perisai Petroleum Teknologi seeks bond payment deferral
Kuala Lumpur-listed offshore firm Perisai Petroleum Teknologi has set alarm bells ringing, asking bondholders to delay the maturity of its…
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