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Ports and Logistics
CMA CGM to acquire GCT’s two New York terminals
Cash-rich French liner CMA CGM has signed a binding agreement to acquire GCT Bayonne and New York terminals, currently held…
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Containers
Interasia orders three more 3,055 teu ships
Singapore-based Interasia Lines has declared options for three 3,055 teu boxships at Japan Marine United (JMU), following on from an…
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Operations
Pilot involved in Ever Forward’s Chesapeake Bay grounding suspended
The operating license of the pilot who steered the containership into the muddy bottom of the Chesapeake Bay this spring…
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Tankers
Chaotic scenes around the Dardanelles on the opening day of the Russia tanker ban
The unintended consequences of the new tanker trading era in the eastern Mediterranean are that Russian crude is still flowing…
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Tankers
‘Staggering’ prices paid for any available ice-class tonnage
Russian winter is kicking in and prices for ice-class tanker tonnage are the toast of the industry now that new…
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Containers
New entrants exit the main box tradelanes
The new entrants on the main east-west container trades are hurting, hit hard by plummeting spot rates and sky-high charter…
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Europe
Braemar takes on Medco tanker broking team in Madrid
Braemar has recruited a new tanker broking team, based in Madrid. The 10 brokers hired previously worked for Medco Shipbrokers.…
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Operations
Ongoing lack of C-suite diversity in shipping
The shipping industry is making progress on diversity, equity, and inclusion (DEI), according to the results of the 2022 Annual…
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Shipyards
Hyundai Heavy creates chief artificial intelligence officer position
Hyundai Heavy Industries has created the position of chief artificial intelligence officer (CAIO) in another marker about how South Korea’s…
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Environment
Global Centre for Maritime Decarbonisation pushes ahead with shipboard captured CO2 studies
The Singapore-based Global Centre for Maritime Decarbonisation (GCMD) is issuing an invitation-for-proposal (IFP) to evaluate the safety, technical and operational…
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Tankers
Tankers in unknown territory as Russia bans start
Today marks a potentially transformative one for the crude tanker sector with the European Union ban on the import of…
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Dry Cargo
Asia Maritime Pacific and Hamburg Bulk Carriers join forces to create Cetus Maritime
Hong Kong’s Asia Maritime Pacific (AMP) and Hamburg Bulk Carriers (HBC) are merging to create a new name in dry…
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Greater China
Chinese car brands build shipping fleets
China’s automotive brands are getting into shipping at a time where car carrier rates have been hitting record highs and…
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Ports and Logistics
Valencia to double box throughput with massive MSC investment
The Spanish port of Valencia will get a fourth container terminal with Terminal Investment Limited (TIL), a subsidiary of Mediterranean…
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Tankers
Tankers ready for new trading map as Monday’s Russia ban looms
With just this weekend to go until crude tankers enter a whole new world, the noose is tightening around Russian…
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Europe
Control of FESCO up for grabs following jail sentence of its largest shareholder
Following a four-year court battle, Ziyavudin Magomedov was sentenced to 19 years in jail yesterday over corruption charges. His leading…
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Asia
NYK seals investment in Pertamina International Shipping
Japan’s Nippon Yusen Kaisha (NYK) has concluded an investment agreement and a strategic alliance agreement with Pertamina International Shipping (PIS),…
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Tankers
Rejig of the Concordia Maritime fleet continues
Concordia Maritime will continue to rejig its fleet as it claws its way back to financial stability. This week, sold…
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Greater China
Positive news for shipping as China eases covid restrictions
In the wake of unprecedented protests Beijing’s zero covid stance looks to be easing. The strict pandemic rules have stymied…
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Shipyards
Strikes proliferate across Korean yards
Unionised workers at the three yards of Hyundai Heavy Industries Group – Hyundai Heavy Industries, Hyundai Samho Heavy Industries and…
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