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Europe
MacGregor lets go of 220 staff
Helsinki: Equipment manufacturer MacGregor, part of the Cargotec group, is cutting staff in the wake of the continued low oil…
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Asia
Icon Offshore gives CEO and COO six months to fight corruption claims
Kuala Lumpur: The board at under fire Icon Offshore have agreed to give their CEO and COO up to six…
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Asia
Weak yen and attractive financing make Japanese yards competitive again for first time in more than a decade
Tokyo: Japanese yards are competitive once again, offering deals that put them very close to their East Asian rivals for…
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Asia
BW LPG takes 25-year-old VLGC for $8m
Singapore: BW LPG, the world’s largest VLGC operator, is paying $8m in exercising a purchase option for the Berge Summit.…
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Asia
Manila takes steps to avoid repeat of port congestion saga
Manila: Anxious not to see a repeat of last year’s port congestion in the capital, the Philippine government has moved…
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Europe
Grool returns to Europe as a board member at Vroon
Perpignan: Shipmangement veteran Rob Grool is joining the board at Vroon from June 1. Grool, who had been managing Seaspan’s…
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Contributions
Event fatigue
So another Singapore Maritime Week fades away. What a week it was – almost impossible for anyone to keep up…
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Asia
Berlian Laju agrees to offload 27 ships
Jakarta: Indonesia’s struggling Berlian Laju Tanker has agreed to transfer 27 of its 39-strong fleet to a new entity controlled…
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Asia
HMM cancels newcastlemax pair
Seoul: Amid the protracted dry bulk downturn South Korea’s Hyundai Merchant Marine has decided to cancel an order for two…
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Greater China
Urgent plea for land at Hong Kong port
Hong Kong: It is imperative for the government to urgently provide additional back-up land and barge berths for the Kwai…
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Europe
Vard hawking PSV pair at 15% discount, admits downsizing likely
Singapore: The pair of PSVs under construction at Vard’s Vietnam yard which were cancelled by Germany’s ER Offshore last month…
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Europe
Cecon heads for bankruptcy
Oslo: Oslo-listed subsea contractor Cecon has said it has been unable to successfully restructure and it has asked a court…
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Europe
Cyprus moves ahead with Limassol port privatisation plans
Limassol: Cyprus is pushing ahead with the privatisation of its ports as part of the nation’s rehabilitation plans which will…
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Containers
NSB’s widened ship adds 1,430 teu in size and $10m in value
London: German shipping line Reederei NSB’s world-first widening of a containership has already paid for itself, online pricing platform VesselsValue.com…
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Asia
Icon Offshore under investigation by local anti-corruption taskforce
Kuala Lumpur: The Malaysian Anti-Corruption Commission is taking Icon Offshore to task. The OSV operator, which listed in Kuala Lumpur…
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Asia
Red Dot closes in on first ship acquisition
Singapore: Red Dot Shipping, the gas player launched in Singapore last year, is scouring the market for its first ship.…
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Asia
MOL orders four car carriers
Tokyo: Mitsui OSK Lines (MOL) has signed a contract with fellow Japanese firm Minaminippon Shipbuilding to construct four car carriers.…
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Containers
Container shipping is like an arms race: CC Tung
Singapore: Container shipping’s rush to order ever larger ships was likened to an arms race at yesterday’s Singapore Maritime Lecture.…
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Asia
Shipowners told to install panic buttons to help fight piracy scourge
Bangkok: Ships travelling in pirate-infested Southeast Asian waters should install panic buttons onboard, a Thai rear admiral has proposed. Senior…
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Europe
TEN raising cash for vessel acquisitions
Athens: Greek tanker giant Tsakos Energy Navigation (TEN) is looking to make the most of current attractive ship prices on…
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