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Operations
Seafarer survey launches
A new seafarer survey is launching designed to investigate what the most important contributing factors are to making shipping a…
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Containers
HMM orders nine methanol-fuelled boxships
South Korean flagship carrier HMM is the latest container line to move for methanol-fuelled tonnage, announcing today orders for nine…
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Finance and Insurance
Bangladesh Shipping Corporation to receive $22.48m pay-out for vessel hit by rocket in Ukraine
State-run Bangladesh Shipping Corporation will get a $22.48m pay-out from insurers over its abandoned bulk carrier, , which has been…
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Greater China
COSCO forms the China Electric Ship Innovation Alliance
China’s largest shipping entity, COSCO, has formed the China Electric Ship Innovation Alliance. Top national authorities and more than 80…
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Tankers
PDVSA lines up aframax orders in Iran
Venezuela’s state-run energy firm PDVSA has set aside a total of $67.5m to order two aframax tankers in Iran, according…
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Tankers
TOP Ships gets better rate for product tanker
NASDAQ-listed TOP Ships has fixed a three-year time charter for its product tanker, . The new time charter will commence…
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Containers
Global liners enter familiar price war territory
Liner shipping has entered a price war, a race to the bottom that has characterised almost every cycle of this…
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Dry Cargo
Golden Ocean pounces for six newcastlemaxes to become the world’s largest publicly-listed dry bulk company
John Fredriksen-controlled Golden Ocean is set to become the largest listed dry bulk company in the world when it completes…
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Containers
Two boxships badly damaged in southern Vietnam
Two containerships were severely damaged early Saturday morning when they collided on the Long Tau river in southern Vietnam. The…
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Asia
Top Korean shipping lines back nuclear power
A host of Korean shipping lines including HMM, Sinokor and H-Line Shipping along with the nation’s class society are pressing…
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Tankers
Product tanker rates surge in opening days of EU’s latest Russia ban
Tankers carrying heavy crude failed to bounce following the European Union’s Russian ban in December. Not so, lighter products, where…
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Tankers
A chance to ‘restore serenity’: CMB makes its case to replace the Euronav board
The top two shareholders in Euronav have made their next moves in the protracted takeover saga for one of Belgium’s…
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Ports and Logistics
Saadé seals partnership with La Poste
A memorandum of understanding has been signed by Philippe Wahl, chairman and CEO of La Poste, Rodolphe Saadé, chairman and…
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Americas
Boxship owners fork out $45m over 2021 Orange County oil spill
The shipowners and insurers of the containerships Beijing and MSC Danit agreed to fork out $45m in damages yesterday over…
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Containers
Last remnants of the X-Press Pearl ready to depart Sri Lankan waters
Nearly 21 months after it sank following a huge fire, the last remnants of the wreck of the containership are…
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Dry Cargo
2020 Bulkers extends charters on two newcastlemaxes
2020 Bulkers has converted and extended the index-linked time charters for two newcastlemaxes, Bulk Shanghai and Bulk Seoul, to fixed…
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Environment
New white paper calls for ‘data democratisation’ to improve maritime sustainability
French digitalisation expert Opsealog has launched a white paper calling for greater data sharing across supply chains to help achieve…
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Containers
CMA CGM adds ropax business to sprawling empire
Cash-rich, acquisitive CMA CGM is closing in on a takeover of fellow Marseille shipowner La Méridionale, a struggling ropax operator…
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Ports and Logistics
Fire under control at Iskenderun Port
Firefighting continued this morning at the severely damaged container terminal at Iskenderun in southern Turkey three days after the site…
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Containers
Drewry’s World Container Index sinks below $2,000 per feu
The Drewry World Container Index ducked below the $2,000 per feu mark today for the first time since July 30,…
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