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Europe
Prosafe moves ahead with share placement
The world’s top owner and operator of semi-submersible accommodation vessels, Prosafe has completed a private placement of new shares. The…
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Operations
Australian shipmanager fined over mechanic death
Inco Ships, an Australian shipmanagement company, has been fined A$200,000 ($152,000) over the death of a mechanic. Aries Nemiada was…
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Containers
Facebook video of Maersk-chartered boxship hitting Antwerp berth goes viral
Two days after it rammed a berth in Antwerp the Korean built , a 10,000 teu containership on long term…
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Europe
Goldman Sachs moves to acquire Navico
Marine electronics firm Navico is being acquired by Goldman Sachs Merchant Banking Division and Altor Fund IV. Navico, the parent…
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Asia
Struggling Hanjin Shipping offloading stake in Vietnamese terminal
Financially troubled Hanjin Shipping is selling its stake in Tan Cang Cai Mep International Terminal (TCIT) in southern Vietnam. The…
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Asia
HMM pushes ahead with $2.2bn capital raising exercise
Hyundai Merchant Marine (HMM) looks set to complete its remarkable recovery from the brink of financial extinction. The Korean line…
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Middle East
Libya’s National Oil Corporation hopeful of ports reopening
The chairman of Libya’s National Oil Corporation (NOC) has described efforts to reopen four oil export ports in the war-torn…
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Europe
Viking Supply Ships seeks support from bondholders
Norway’s struggling Viking Supply Ships (VSS) has announced that the term sheet which has previously been agreed with the banks…
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Asia
Petronet LNG eyes Bangladesh and Sri Lanka terminals
India’s Petronet LNG has laid out expansion plans that will see around $3bn spent over the next five years, including…
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Asia
Banks take Triyards as collateral from Ezra
Banks are taking a majority share in Singapore’s offshore fabricator Triyards as collateral. Local offshore firm and controlling shareholder in…
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Europe
Turkish seafarers found guilty of huge cocaine smuggling operation
The Turkish captain and second-in-command of a ship carrying a record £512m ($670m) worth of cocaine were convicted yesterday in…
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Containers
OOCL, ANL and COSCON form new Australia container alliance
OOCL has linked up with ANL and COSCON to create the Asia Australia Consortium (A3). The A3 will launch three…
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Asia
World’s first ethane ship engine completed
Japan’s Mitsui Engineering & Shipbuilding has completed the world’s first ME-GIE ethane-operated two-stroke diesel engine. The engines will be for…
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Europe
HSH Nordbank’s bad shipping loans will take a decade to wind down
It will take at least a decade for Hamburg’s HSH Nordbank to wind down its EUR5bn of shipping loans, the…
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Europe
Ruscon integrates terminal operations in Novorossiysk
RUSCON is integrating its terminal operations close to the Black Sea port of Novorossiysk in order to increase the efficiency…
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Ports and Logistics
New Zealand set for record breaking boxship call
New Zealand will welcome the largest boxship ever to visit the Land of the Long White Cloud later this year.…
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Asia
K Line boosting Manila training setup
One of the biggest takers of Filipino seafarers is bolstering its training set up in Manila. Kawasaki Kisen Kaisha (K…
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Asia
Maersk and HMM rebuff acquisition talk
With news providers in South Korea and Europe once again linking Maersk Line with buying Hyundai Merchant Marine (HMM), a…
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Asia
Three taken hostage in the Celebes Sea
Another tugboat was hit by pirates on Saturday night in the Celebes Sea between the Philippines and Indonesia. Three Indonesian…
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Greater China
Unipec still dominates dirty spot market
China’s Unipec continues to be the dominant dirty tanker spot charterer in the first half of the year, according to…
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