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Asia
Hanjin Shipping link scares Korean Air investors
Hanjin Shipping’s precarious financial position has killed off a bonds issuance from parent Korean Air. Investors have shied away from…
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Asia
Great Eastern takes 20-year-old VLGC
Great Eastern Shipping has bought a 20-year old VLGC. No price, nor name, was given by the Indian owner for…
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Europe
Greece rolls out the red carpet for Xu Lirong
The red carpet was rolled out in Greece over the weekend as one of the nation’s most important foreign investors…
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Europe
Nuke ship runs aground at Swedish nuclear power plant
A vessel used to move nuclear waste ran aground this morning by a decommissioned nuclear plant in southern Sweden. The…
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Africa
Livestock carrier under scrutiny in South Africa
Another ancient livestock carrier has come in for media scrutiny. The anchored off East London in South Africa on Saturday…
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Asia
HMM claims it will fix its financial position by July
With the successful bid for the sale of Hyundai Securities, Hyundai Merchant Marine (HMM) says it will accelerate other programs…
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Americas
Kinder Morgan tapping private equity to come onboard product tanker venture
Investment bank Wells Fargo is reporting that New York-listed Kinder Morgan is in discussions with private equity companies to invest…
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Asia
Daito buys into Harbor Star
Japanese piloting firm Daito Corp has bought a 5% stake in Philippines-based Harbor Star Shipping, a towage and salvage company.…
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Asia
MOL unveils new car carrier design
Japan’s Mitsui OSK Lines (MOL), an award-winning pioneer in car carrier designs, has unveiled a new hull design for its…
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Asia
Indonesian owner willing to pay Abu Sayyaf ransom to free crew
The firm that owns the tugboat that was hijacked by the Abu Sayyaf militant group in the southern Philippines last…
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Asia
Hyundai Heavy tipped to win IRISL boxship trio
The Iranian slew of ship orders are due to get underway very shortly with South Korea’s Hyundai Heavy Industries (HHI)…
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Asia
PSA in $500m bonds move
Singaporean terminal operator PSA International has pushed ahead with a $500m bond issue. The 2.5% guaranteed notes are due in…
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Europe
‘We’re not in the business of constantly acquiring shiny new toys’: NAT’s Hansson
Herbjørn Hansson, the chairman and ceo of Nordic American Tankers, is well known for his more colourful letters to shareholders.…
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Greater China
Stena in for up to eight ropaxes at AVIC International
Stena has come in for up to eight ropaxes at China’s AVIC International Maritime Holdings. The deal is for four…
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Asia
HMM willing to sell tanker fleet
The fire sale at beleaguered Hyundai Merchant Marine (HMM) continues with news it is willing to sell its fleet of…
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Asia
Hijacked barge found off Sabah
An Indonesian barge, Anand 12, hijacked by the militant group Abu Sayyaf late last month in the far south of…
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Asia
MPA slashes fees for bulkers calling in Singapore
In view of the current downturn in the industry, the Maritime and Port Authority of Singapore (MPA) will grant, with…
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Americas
Controversial Navios loan sparks lawsuit
A controversial $50m loan from one Navios company to another has sparked a lawsuit in the US. Bulker owner Navios…
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Europe
Shell ducks out of Norwegian Arctic oil bid
Royal Dutch Shell has pulled out from plans to enter Norway’s Arctic-focused oil licensing round. “The decision is part of an…
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Europe
British PMSCs merge
Two British private maritime security firms, Port2Port Maritime Security and Neptune Maritime Security, are to merge. Andrew Varney, managing director…
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