Asia
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Japan pushes for engine power limitation system on all ships
A power limiter, not dissimilar to those used in automotives, has emerged as a dark horse contender to hasten shipping’s…
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Singapore takes 10% stake in MSC’s terminal company
GIC, Singapore’s sovereign wealth fund, has acquired a 10% interest in Terminal Investment Limited (TIL), the sixth largest container terminal…
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PSA wins two North American east coast concessions
Singapore’s PSA International, one of the world’s largest terminal operators, has won its first concessions on the eastern seaboard of…
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Wilmar named as buyer of Odfjell chemical tanker pair
Singapore’s Wilmar continues to grow its tanker fleet, snapping up a pair of 9,000 dwt small chemical tankers from Bergen-headquartered…
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Adani wins Yangon port contract
Indian conglomerate Adani Group has won a 50-year concession to develop an 800,000 teu a year box terminal in the…
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Sinokor swoops for five classic panamaxes
Splash can reveal the buyers of a swathe of Japanese boxship tonnage reported sold in yesterday’s Weekly Broker S&P roundup.…
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Landmark ship-to-ship LNG bunkering operation celebrated in Singapore
Pavilion Energy has performed the first commercial ship-to-ship LNG bunkering in the Port of Singapore. The operation, the first of…
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ONE has yet to thrash out overseas terminals transfer
The protracted merger to create a Japanese container shipping giant is not over. Ocean Network Express (ONE), the merged box…
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Northern Drilling exercises drillship option at DSME
John Fredriksen’s rig investment company Northern Drilling has exercised its option for newbuild drillship from South Korean yard DSME. Northern…
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Mercator confirms sale of its last VLCC
India’s Mercator has confirmed the sale of 2006-built VLCC for $27.5m, nearly five months after it was initially reported as…
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Jochen Döhle dragged into Elektrans scandal
One of the most famous names in Hamburg shipping has been dragged into the court proceedings surrounding the demise of…
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Grindrod seals financing for ultramax pair, sells handy bulker and product tanker
Nasdaq-listed Grindrod Shipping has sealed financing for two newbuild ultramaxes and also announced the sale of two of its vessels.…
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BW backs Epic’s latest capital raising for four more Japanese ships
Epic Gas has launched today a $60m fully underwritten capital increase with plans to buy more LPG ships. The subscription…
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Doun Kisen orders ultramax pair
Japanese shipping giant Doun Kisen has tapped Mitsui Engineering & Shipbuilding to build a pair of ultramaxes, according to multiple…
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Flex LNG seals sale and charterback with Hyundai Glovis for LNG carrier pair
John Fredirksen’s Flex LNG has sold 2018-built LNG carrier pair Flex Endeavour and Flex Enterprise to Hyundai Glovis for $420m.…
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MOL readies ore carrier sale
One of the world’s largest names in dry bulk is offloading one of its oldest bulk carriers. Japan’s Mitsui OSK…
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K Line, U-Ming and Kuang Ming forming dry bulk venture with Taiwan Power Company
Taiwan’s state-run Taiwan Power Company (TPC) is currently in negotiations with potential partners to set up a bulk shipping joint…
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Elektrans declared insolvent
Creditors have until May 7 to submit claims as Daniel Chopra’s Elektrans Shipping has finally been declared insolvent. Insolvency proceedings…
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Hong Kong hands guilty verdict to APL master over controversial Singapore military shipment
A long running court case came to a close Monday in Hong Kong with the Chinese master and boxline APL…
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Singapore suspends bunker supplier found to be using magnets to distort deliveries
The Maritime and Port Authority of Singapore has suspended the bunker craft operating licence of local firm Southernpec after magnets…
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