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Europe
CGG to let go of more staff and ships
Paris: The low oil prices are having a torrid time for French oil field seismic surveyor, CGG, forcing it to…
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Containers
Ahrenkiel takes eight off HSH Nordbank’s books
Hamburg: HSH Nordbank has continued its offloading of distressed container assets via its Nautilus financing model. Hamburg-based Ahrenkiel Steamship has…
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Europe
Ship prang sparks traffic chaos in Rotterdam
Rotterdam: An LPG ship belonging to Denmark’s Ultragas smashed into two bridges in Rotterdam at around 2.30 am this morning,…
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Asia
Five more for Malaysian Bulk Carriers
Kuala Lumpur: Malaysian Bulk Carriers (Maybulk) has set aside RM400m as it goes about another fleet expansion with five new…
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Greater China
Taiwan International Ports Corporation maps 2015 development
Taipei: Taiwan International Ports Corporation is to actively cooperate with Southeast Asian countries and set up new container companies this…
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Asia
Taskforce to cut turnaround times at Indonesia’s ports
Jakarta: Indonesia’s president Joko Widodo is setting up a taskforce to speed up turnaround times at the nation’s ports. Turnaround…
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Asia
Singapore firm to build offshore base in Myanmar
Kuala Lumpur: Singapore-based Myanmar Offshore Supply Base (MOSB) will construct, manage and operate a new port facility in Mawlamyine in…
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Asia
NYK debuts unique car carrier route
Tokyo: NYK has started a car carrier service linking Mexico, North America, and East Asia. The Trans Pacific Express service…
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Europe
European owners looking to Asia for financing
Hamburg: Asia continues to gain in importance for the European shipping sector. This is the result of a recent survey…
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Asia
Singapore’s first War Risks Mutual launched
Singapore: The Standard Club Asia Ltd (Standard Asia) has today announced the launch of its new Singapore War Risks Mutual…
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Dry Cargo
Baosource orders two
Dalian: Korean shipbuilding news site, Asiasis, reports that Baosource Shipping, a Shanghai firm, has ordered a pair of small bulkers.…
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Dry Cargo
Wisdom back in Japan for another bulker
Taipei: Fast expanding dry bulk operator Wisdom Marine is spending $22m on another Japanese bulker. The Taiwanese line has opted…
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Asia
Rehobot found almost one month after pirate strike
Manila: After more than three weeks the tanker Rehobot has been found in Philippine waters. The Indonesian-flagged chemical tanker was…
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Asia
Record low rates claim another dry bulk scalp
Seoul: Record weak dry bulk freight rates have claimed a third shipping line victim of the year. Daebo International Shipping…
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Asia
Petronas shifts LNG carriers MISC’s way
Kuala Lumpur: In a switch between subsidiaries Petronas has sold five LNG carriers being built at Hyundai Heavy Industries to…
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Asia
Coastal’s first win in 2015
Kuala Lumpur: Coastal Contracts has secured contracts for the sales of two OSVs for an aggregate value of approximately RM197m,…
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Asia
Myanmar mulls ditching Yetagun gas field
Bangkok: As has widely been predicted falling oil prices are likely to dent Myanmar’s offshore plans. The future of Yetagun,…
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Asia
Westports hunting terminal acquisitions
Kuala Lumpur: Terminal operator Westports Holdings is on the hunt for Asian merger and acquisition (M&A) targets, its ceo Ruben…
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Greater China
China’s changing tanker patterns
London: UK broker Gibson has filed a report on the changing nature of Chinese tanker trades with a greater willingness…
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Asia
New Philippine dry bulk terminal
Manila: Seasia Nectar Port Services Inc (SNPSI), a joint venture between Seasia Logistic Philippines Inc and the UK’s Nectar Group,…
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