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Asia
Survey highlights huge debts carried by Singapore-listed offshore firms
A survey carried by Singapore’s Business Times shows the precarious financial state of many of Singapore’s offshore listed firms. In…
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Asia
Doora goes Kangnam style with product tanker order
Kangnam Corporation, a Korean shipyard that traditionally has focused on military vessel construction, has won its first product carrier order.…
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Europe
Iran hands Russian yard $1bn rig order
Russia’s Krasnye Barrikady Shipyard has won a much telegraphed $1bn order to build five drilling rigs for Iran’s Tasdid Offshore…
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Asia
Seaspan relents in charter negotiations with Hanjin Shipping
Hanjin Shipping has announced major progress in negotiations with tonnage providers and lenders, suggesting it will survive the September 4…
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Europe
Diana Shipping in negotiations with lenders
Diana Shipping is in trouble and has engaged financial advisors and has entered into negotiations with certain of its lenders…
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Europe
Hapag-Lloyd shareholders pave the way for UASC merger
Hapag-Lloyd shareholders on Friday approved all items on the AGM agenda, paving the way for the merger with Middle Eastern…
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Europe
Rickmers brothers nix joint shipmanagement plans
The Rickmers brothers have decided not to join forces in shipmanagement. The two have been discussing since April a plan…
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Greater China
Cosco Shipping Ports linked with Algeciras bid
Cosco Shipping Ports looks likely to invest in the southern Spanish port of Algeciras, according to a number of sources…
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Containers
Container shipping losses accelerate, could hit $10bn for full year
Lars Jensen, ceo of SeaIntelligence Consulting, has warned the accelerating losses seen in the container sector in the second quarter…
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Asia
Latest Splash Chat live Q&A casts a long, dark shadow over offshore
Offshore analysts, brokers, bankers, consultants and owners convened yesterday for the second ever live Q&A on Splash Chat, our new…
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Greater China
China Cosco Holdings’ interims are the worst of any mainland listed firm in the past decade
Reports of the troubled merger mandated by Beijing between Cosco and China Shipping have manifested in the interim results of…
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Offshore
Offshore doom, internet gloom, and a busy jobs room
Offshore woes continued to dominate the hits on Splash this week, which was appropriate given the high calibre offshore discussion…
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Asia
Hanjin Shipping makes key creditor deadline
A spokesperson for Hanjin Shipping has confirmed to Splash that the line is submitting to lead creditor the Korea Development…
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Europe
Euronav’s Rodgers in ‘acquisitive’ mood
Historically low prices offer tanker giant Euronav the chance now to be “acquisitive”, the company’s ceo, Paddy Rodgers said today.…
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Americas
Federal Maritime Commission voices concern about new Ocean Alliance
The creation of the Ocean Alliance – a new container grouping involving China Lines, OOCL, Evergreen, APL and CMA CGM,…
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Americas
El Faro sank 10 minutes after captain had called to abandon ship
The US’s National Transportation and Safety Board (NTSB) has revealed the harrowing, scary lead up to the sinking of the…
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Asia
Baltic shareholders support SGX takeover
Just a rubber stamp approval from the UK’s financial regulator now stands in the way of the Singapore Exchange (SGX)…
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Europe
Nordea and DNB join forces in the Baltics
Nordea and DNB have entered into an agreement to combine their operations in Estonia, Latvia and Lithuania. “Combining knowledge of…
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Europe
Sevan Marine ditches asset sale plans
Rig owner Sevan Marine has ditched plans to sell assets. At its quarterly results presentation the Norwegian company said it…
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Europe
Shipping welcomes the Irelandmax, the latest word in green technology
There’s a new word to shipping’s ever expanding lexicon – the Irelandmax. Needless to say, these ships are promoted as…
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