Region
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Shipowners are like ‘unsupervised children’
Shipowners are like “unsupervised children” who do not understand basic economics, a leading shipowner claimed to much mirth at today’s…
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‘Political blundering over economic sense’: Hanjin’s demise attacked
The Korean government bungled the collapse of Hanjin Shipping and should have done away with Hyundai Merchant Marine (HMM) instead,…
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Korea Line pays $31.4m to enter the transpacific box trades
The transpacific has a new container player from South Korea. Hanjin Shipping said today compatriot Korea Line Corp has paid…
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China Merchants chairman confident shipping is on upward trend
Zhao Huxiang, chairman of China Merchants Group, reckons that the overall shipping market is on an up trend. Zhao told…
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Naggar Shipping: ‘I’m crazy. Shipping is an addiction’
An interview with the eloquent, self-deprecating Sherine Naggar is never dull. The chairman of the Egyptian based, family controlled Naggar…
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Swissco officially seeks judicial management in Singapore
Troubled Singapore offshore operator has officially sought judicial management, weighed down by millions of debts and banks unwilling to support…
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Swiber sells barge, proceeds to go to DBS Bank
Swiber Holdings, under judicial management in Singapore since July, has managed to sell one of its older barges, the .…
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China Navigation takes bulker trio
Broking sources say China Navigation is the buyer of a trio of 38,800 dwt handysize newbuildings. The ships were originally…
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Interunity continues adding handies from court sales
Greek-German outfit Interunity Management has picked up the 2009-built handysize bulker, , and has since renamed it Pioneer Spirit. The…
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Japanese cape attacked off the Philippines
A capesize bulk carrier, , was attacked by pirates or militants on November 20 in the Sulu Sea, near the…
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Pacific Radiance enters arbitration with Waigaoqiao Shipbuilding
Singapore-listed Pacific Radiance has announced that it 50% owned joint venture company CA Offshore Investment has issued two notices of…
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DryShips settles loan
Dry bulk shipowner DryShips has reached an agreement with one of its lenders to settle its outstanding loan obligations. Under…
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Farstad Shipping secures new contracts
Farstad Shipping has announced that it has been awarded four vessel charter contracts from Petrobras, Shell and Saipem. Petrobras has…
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Saudi Aramco and Rowan create drilling jv
Rowan Companies and the Saudi Arabian Oil Company (Saudi Aramco) have signed an agreement to create a 50/50 joint venture…
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Court halts sale of two Petrobras fields to Australian company
A Brazilian court has placed an interim injunction on the sale of two offshore fields by state oil firm Petrobras…
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HMM denies it has been vetoed from 2M
Hyundai Merchant Marine (HMM) sought to quell customer and investor concern over the weekend, denying reports in the Journal of…
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Reprieve for Perisai Petroleum Teknologi
Troubled Perisai Petroleum Teknologi, a Malaysian associate company of Emas Offshore, has got some breathing room from creditors thanks to…
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Suardiaz: ‘Setting an example by taking the environmental lead’
Spanish shipping group Suardiaz is entering a new step of its business development plan with investments mainly in LNG bunker…
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Transmed takes Nisshin kamsarmax trio
Nisshin Shipping’s rapid fleet pullback continues apace. Having put a trio of kamsarmaxes in the shop window a few weeks…
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Obama administration’s five-year plan blocks drilling in Arctic waters
Two days after widespread media reports predicted it, on Friday the administration of US President Barack Obama blocked oil and…
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