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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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Asia
Sime Darby and MMHE head for arbitration over disputed yard sale
Kuala Lumpur: Malaysian conglomerate Sime Darby and shipyard group Malaysia Marine and Heavy Engineering have gone into arbitration over a…
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Asia
Global Shippers’ Alliance formed
Surabaya: Shippers of the world have united. The European Shippers’ Council (ESC), the Asian Shippers’ Association (ASA) and the American…
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Asia
Sasebo set for expansion
Tokyo: Following a decade of contraction, shipbuilding on Japanese soil is experiencing a renaissance of sorts. This January, Imabari Shipbuilding…
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Asia
BW Pacific back at STX for two more LR1s
Seoul: STX Offshore & Shipbuilding has won an order for two LR1 tankers from repeat client BW Pacific. BW Pacific…
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Dry Cargo
U-Ming solid on cement prospects
Taipei: Taiwan’s U-Ming Marine Transport is moving to rejuvenate its ageing cement carrier fleet. The dry bulk owner, owned by…
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Asia
Indonesia hands Statoil another licence
Oslo: Statoil was today awarded new exploration acreage through the Aru Trough I licence offshore Indonesia. The licence covers an…
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Finance and Insurance
HPH Trust in $1bn notes issuance
Singapore: Hutchison Port Holdings Trust has been fund raising. Yesterday, the Singapore listed arm of the global port operator issued…
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Asia
Manila a step closer to changing cabotage laws
Manila: The Philippines has taken a step further to changing its cabotage laws. Three committees in congress yesterday voted in…
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Europe
Statoil’s latest gas find
Oslo: Statoil has found gas and is now drilling at wildcat well 6706/12-2, some 6 km west of the Aasta…
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Asia
NYK sets up new employment scheme for Japanese seafarers
Tokyo: NYK has decided to implement a new employment scheme to get more Japanese seafarers with specialist knowledge on its…
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Asia
MOL rebrands project divisions
Tokyo: Mitsui O.S.K. Lines (MOL) has created a unified brand — MOL Project & Heavy Cargo — as it looks…
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Dry Cargo
AAL takes MTL vessel on charter
Singapore: Breakbulk operator AAL has added to its fleet, taking on a 2009-built vessel on long-term charter. AAL has taken…
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Asia
ClassNK back at the top of the class
Tokyo: DNV GL’s time at the top of the ship classification league did not last long. Japan’s ClassNK announced today…
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Greater China
Rongsheng resumes trading, ends day 4 percent down
Hong Kong: Investors ultimately reacted coolly to Chinese shipyard Rongsheng’s resumption of stock trading today, its share price finishing the…
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