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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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Europe
Golden Ocean delays six Chinese cape deliveries
John Fredriksen’s Golden Ocean, in releasing its interims today, has revealed it postponed delivery of six capesizes by seven to…
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Europe
Höegh LNG speeds up FSRU conversion project
Höegh LNG as signed agreements with Wärtsila Oil and Gas and Moss Maritime for its first FSRU conversion project, including…
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Americas
Iran keen to participate in Nicaragua Canal project
The long dormant plan to build a canal through Nicaragua to rival the newly expanded Panama Canal could be revived.…
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Asia
Japanese owners dominate dry bulk sales
Data provided exclusively by online pricing platform VesselsValue.com shows just how dramatically Japanese owners have been shedding dry bulk tonnage…
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Europe
Siem Shipping pushes ahead with Oslo delisting
Siem Shipping is pushing ahead with its delisting, first mooted in May. Today it applied to the Oslo Stock Exchange…
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Europe
Wilhelmsen targets offshore with Norwegian private equity tie-up
Some of the biggest names in Norwegian industry are battling it out for bargains in the nation’s distressed offshore sector.…
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Europe
Giant CMA CGM boxship suffers grounding off Southampton
One of the world’s largest boxships is being inspected for any damages following a brief grounding incident in the UK…
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Europe
Vafias pockets $7m from quick dry bulk asset play
Nicholas Vafias has completed a stealthy dry bulk asset play. The Vafias family controlled company had made a couple of…
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Europe
Iino Kaiun offloads panamax bulker for $9.4m
The Japanese have been the most active owners this year in terms of selling off dry bulk tonnage amid the…
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Asia
Vietnamese owner scores $2.2m profit from quick bulker turnaround
The Vietnamese are getting more adept at shipping asset plays. Tan Binh Shipping, which took the 10-year-old, 33,000 dwt Angel…
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