Region
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DSIC aframax order denied
London: Tor Olav Troim, the right hand man of John Fredriksen, recently said that there is no truth in the…
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CSSC boss appointed Liaoning vice governor
Dalian: Tan Zuojun, former General Manager of China State Shipbuilding Corp (CSSC) and Chairman of the Board at CSSC Holdings,…
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Direct cargo link to Japan for Humen port
Shanghai: Humen port has inked a letter of intention for cooperation with Shanghai Pan Asia Shipping to open Japanese routes.…
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Evergreen finally seals ultra large boxships deal
Taipei: Evergreen has finally concluded its deal to charter ten 13,800 teu ships and has opted to charter from…
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Dalian to launch coking coal futures contract
Dalian: Dalian Commodity Exchange will launch the world's first coking coal futures contract by the end of July. China is…
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MoU between Dalian and Antwerp ports
Dalian: Antwerp Port Authority has signed a Memorandum of Understanding with Dalian Port Authority. In the MoU both parties express…
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Financial tsunami rolls in as Sanko declares bankruptcy
Hong Kong: Sanko Steamship applied for bankruptcy today becoming the single biggest casualty since the shipping crisis began in 2008.…
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Beijing mulls protectionist moves
Shanghai: The transport ministry is mulling restrictions on foreigners shipping Chinese cargoes as well as giving tax benefits to local…
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Jin Jiang expands logistics business with Japanese partners
Shanghai: Shanghai Jin Jiang Shipping has inked an agreement with Japanese warehouse and logistics companies, Sumitomo Warehouse and Mitsui-Soko in…
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CSSC opens shipping unit in Hong Kong
Hong Kong: China State Shipbuilding Corp has established a shipping unit in Hong Kong following other yards keen to enter…
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Samsung Ningbo starts newbuilding
Shanghai: Samsung Heavy Industries (Ningbo), a hatch cover and block manufacturer in China, is entering the newbuilding market. Samsung-Ningbo…
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Domestic coal shipping under severe pressure
Shanghai: Small domestic lines focused on the coastal coal market are hurting, with many expected to declare bankruptcy this year.…
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North Korean cruise set to become a monthly regular
Dalian: Starting last Friday a group of intrepid travellers left the northeast Chinese province of Jilin and headed to North…
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Brightoil’s first VLCC named
Ulsan: Brightoil Glory, the first VLCC of Brightoil Group, built by Korean company Hyundai Heavy Industries, has just been named.…
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Taiwan FTZs are booming
Taipei: Taiwan’s bid to boost exports by adding free trade zones to its six top ports is paying off. International…
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Dalian Port buys stake in Changxing Island
Dalian: Dalian Port is to purchase 45% equity in Changxing Island Company for RMB313m, according to a regulatory filing. The…
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COSCO grabs kamsarmax order
Dalian: COSCO Shipyard has signed a letter of intent with Greece's Chartworld Shipping to build kamsarmax bulkers. The Greek owner…
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China’s coal power projections set to jump
Shanghai: Any thoughts that China will dramatically shift away from coal as its primary source of electricity generation in the…
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Another Zhejiang yard goes to the wall
Shanghai: Zhejiang Jingang Shipbuilding Co, the largest private shipbuilder in Taizhou in Zhejiang Province, has filed for bankruptcy. Moreover, there…
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China Merchants Holdings to invest in Indonesian port
Jakarta: Indonesian state-owned port operator Pelindo II will ink a memorandum of understanding with China Merchants Holdings (International) in July…
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