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Europe
Torm wins forbearance from lenders
Copenhagen: Denmark’s Torm is concluding a new restructuring deal with its lenders and Oaktree Capital Management. The original restructuring agreement…
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Asia
KSS Line secures second Trammo Gas charter
Seoul: KSS Line from South Korea has won a time charter contract from Houston-based ammonia trader, Trammo Gas. Trammo Navigation…
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Contributions
Beijing’s anti-coal stance will hit bulk earnings for years to come
In this week’s impressively frank assessments of both the markets and how he had got them wrong last year, Jens…
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Asia
Korean is sixth candidate to run for IMO’s top job
Seoul: A Korean has become the sixth person to throw his hat into the ring to take up the IMO…
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Americas
Sino-Global becomes a shipowner, paying $2.2m for a small tanker
New York: Fast evolving New York-listed Sino-Global Shipping America is buying a small oil/chemical tanker from Hong Kong-based Rong Yao…
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Asia
PIL takes over Mariana Express Lines
Singapore: Pacific International Lines (PIL) along with Luen Thai Group has bought out fellow Singapore-headquartered containerline Mariana Express Lines for…
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Asia
Jakarta mulls lifting bauxite export ban
Jakarta: There could be a relaxation of Jakarta’s 14-month long bauxite ban. The government is looking to allow miners to…
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Americas
Sempra Energy pushes ahead with Port Arthur LNG project
Houston: Sempra Energy has requested that the Federal Energy Regulatory Commission (FERC) initiate the pre-filing review for the company’s proposed…
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Finance and Insurance
Wilbur Ross urges greater consolidation
New York: Wilbur Ross, the architect for much of private equity’s shipping plays, used the podium at yesterday’s Capital Link…
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Operations
Management buyout at Australia’s oldest pilotage company
Sydney: Australia’s oldest and largest marine pilotage company Australian Reef Pilots (ARP) has been bought by a consortium of its…
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Asia
SK Shipping in the running for HMM’s bulkers
Seoul: Cash strapped Hyundai Merchant Marine (HMM) is willing to hear offers for its dry bulk division. The Seoul Economic…
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Asia
Shreyas to take fleet into double-digit territory
Mumbai: The board of Shreyas Shipping & Logistics, the Indian container feeder operator, has approved a plan to acquire four…
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Asia
Tan wins boardroom battle at Tanjung Offshore
Kuala Lumpur: In a surprise U-turn the faction led by Tan Kean Soon appears to have won the two-month long…
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Asia
Scomi Energy Services cancels rights issue
Kuala Lumpur: Scomi Energy Services has cancelled a proposed rights issue of convertible five-year bonds worth up to RM140.5m. The…
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Dry Cargo
Noble takes legal action to try and sink Iceberg
Singapore: A simmering spat between a Hong Kong research outfit and one of the city’s top commodities traders is heading…
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Asia
Shina SB skirts with bankruptcy
Seoul: Shina SB will decide whether to continue under court receivership or declare bankruptcy this week. The yard entered a…
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Asia
BW LPG hands back Maersk tanker
Singapore: BW LPG has re-delivered the VLGC Gas Capricorn. The vessel was under a charter-in acquired from AP Moller-Maersk in…
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Asia
Bulk carrier and boxship attacked along Strait of Malacca
Singapore: The regional body fighting piracy ReCAAP has reported two incidents that are different to the normal targets in Southeast…
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Greater China
Yangzijiang diversifies with Zhuhai investments
Singapore: Chinese shipyard Yangzijiang Shipbuilding continues to diversify without making any further public comment on its potential takeover of Rongsheng’s…
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Asia
New Cebu port planned
Manila: A feasibility study is underway to establish the best place to locate a new port on the island of…
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