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Asia
MMC IPO reportedly on the cards
Dow Jones is reporting Malaysian tycoon Syed Mokhtar Al-Bukary is planning an IPO of his port assets to raise at…
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Europe
Transocean rig runs aground off Scottish island
The drilling rig ran aground off the island of Lewis in Scotland yesterday after its tow line with a tug…
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Asia
Wilmar snaps up supramax for $7m
German owner Schepers H Bereederungs has sold a six-year-old supramax bulker for $7m. Singapore’s Wilmar International is behind the acquisition…
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Containers
Boxship outlook to remain grim for rest of the decade: CC Tung
CC Tung, the veteran chairman of Orient Overseas Container Line (OOCL), has warned of a very challenging demand side for…
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Asia
‘Rather expensive’: DBS Bank’s take on SGX’s offer for the Baltic
Is the Singapore Exchange paying over the odds to buy out the 272-year-old Baltic Exchange? The $103.5m offer made last…
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Asia
Swiber’s future to be decided by early October
Swiber Holdings will know its fate by early October. The Singapore offshore company, which backtracked from liquidation to seek judicial…
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Europe
Transocean rig at risk of running aground off Scottish island
In extremely windy conditions last night the semi-submersible drilling rig detached from the tug Alp Forward and now risks running…
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Dry Cargo
BW Dry Cargo takes ultramax resale
The very rapid build up of the BW Dry Cargo fleet continues with brokers linking it to a J Lauritzen…
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Dry Cargo
Seanergy to make $4.5m from share sale
Greece’s Seanergy Maritime Holdings Corp on Friday revealed it has entered into a securities purchase agreement with one institutional investor,…
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Asia
Tanker collision off Japan
Japanese authorities spent Sunday cleaning up a big tanker smash off Kehin Port in Kawasaki prefecture. The Eastern Phoenix was…
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Europe
RBS hit by $347m shipping impairment
Royal Bank of Scotland’s (RBS) shipping exposure is contributing to poor results for the institution that is controlled by UK…
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Asia
DSME’s liquidity shortage set to worsen
The next few years will prove incredibly hard for Daewoo Shipbuilding & Marine Engineering’s (DSME) balance sheet, a new due…
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Americas
Seaspan boosts war chest with eye on Greater China International takeover
Seaspan continues to build its war chest with an eye on taking over the Greater China International fleet. Yesterday it…
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Asia
Authorities investigate HMM’s share price slide
The Financial Supervisory Service and the Korea Exchange are investigating the extraordinary plunges this week in the share price of…
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Greater China
Wallem responds to sex discrimination allegations
Hong Kong’s Wallem Group has responded to a sex discrimination row that erupted Thursday morning in the UK’s Daily Mail,…
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Americas
Vard ups stake in Brazil yard
Vard Holdings has increased its ownership stake in its indirect subsidiary in Brazil, Vard Promar, to 95.15%. Vard Promar, previously…
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Europe
Fugro sells Asia Pacific subsea services business
Dutch firm Fugro has divested its subsea services business in Asia Pacific to Australian outfit Shelf Subsea for EUR14m and…
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Asia
Court cases rack up against STX Offshore & Shipbuilding
Troubled South Korean shipyard STX Offshore & Shipbuilding has admitted a slew of court cases are heaping pressure on the…
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Europe
Wallem drawn into sex discrimination row
A poorly-worded email has landed Wallem Ship Management into a very public sexist row covered by the world’s most read…
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Asia
SGX reportedly readies $100m Baltic Exchange offer
A formal offer to take over the Baltic Exchange is expected to be made shortly by the Singapore Exchange, Reuters…
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