Sector
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Ernst Russ and Peter Döhle sell Hammonia Reederei
Ness Risan and Partners, a Norwegian investment fund, has teamed with the former owners of Finland’s Containerships Group to buy…
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MSC CIO calls for the containerisation of data communications
Last November Maersk, CMA CGM, Hapag-Lloyd, MSC and Ocean Network Express announced plans to establish a container shipping association to…
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Vale CEO resigns amid ongoing dam collapse investigations
Brazilian mining giant Vale has announced that the company has accepted the temporary resignation of its CEO Fábio Schvartsman and…
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Liberian Registry confirms Bergeron departure
The Liberian International Ship and Corporate Registry (LISCR) has confirmed the departure of Scott Bergeron from the role of CEO.…
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Havila Shipping says almost half of its vessels are underperforming
Norway’s Havila Shipping says that 12 vessels in its fleet have failed performance tests, required as part of its restructuring.…
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BW Offshore moves to acquire Maromba field from Petrobras and Chevron
BW Offshore said it is contemplating to enter into agreements to acquire 100% of the Maromba field offshore Brazil from…
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Boskalis to offload another tug unit
Dutch company Boskalis, together with its joint venture partner Kotug International, has signed a letter of intent (LOI) relating to…
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Oltmann Schiffahrts sells last bulker
After nine years in the bulker segment the predominantly container focused Oltmann Schiffahrts has decided to let go of its…
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Maersk and ZIM boxships collide at Busan Port
Containerships Safmarine Nokwanda and Tianjin collided at South Korea’s Busan Container Terminal on Saturday, leading to damage on both ships.…
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CMA CGM initiates $1.2bn cost saving scheme
Despite announcing record $23.5bn revenues for last year, France’s CMA CGM on Friday revealed it is initiating a $1.2bn cost…
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Hunan Ocean Container Lines orders feeder boxship pair
Chinese state-run feeder boxship operator Hunan Ocean Container Lines has placed an order at Hunan Jinhang Shipbuilding for the construction…
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TechnipFMC awarded major EPCIC contract by BP
Offshore engineering firm TechnipFMC has been awarded a major contract by BP for the engineering, procurement, construction, installation and commissioning…
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Maestro Shipping takes Mitsubishi handy bulker
Japanese owner Mitsubishi Corporation continues to downsize its bulker fleet, having sold its 2014-built handysize bulker . According to shipbroking…
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Solstad Offshore signs PSV frame agreement with Aker BP
Norway’s Solstad Offshore has signed a frame agreement with Aker BP for the provision of supply vessel services. The agreement…
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Australia warns all 660 tons of bunker fuel could leak from grounded Solomon Trader
More than 80 tons of heavy bunker fuel has now spilled from the hull of the grounded bulker with Australian…
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Shippers brace as Alix warns liners will need to hike BAFs by more than a third
Carriers’ financial fortunes depend on whether they will be able to recover any additional fuel costs through surcharges or whether…
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Qatar offers cash to liners who give the UAE a miss
Qatar is looking to undermine throughput at nearby ports, using its financial muscle to lure liners in its ongoing spat…
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EU finances Spliethoff scrubbers
Brussels might have been in the firing line last week for its perceived move to stymie the use of open-loop…
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SIPG buys into Shanghai PanAsia Shipping
Shanghai International Port Group (SIPG) has expanded its presence in the shipowning sector, having acquired 20% equity of Shanghai PanAsia…
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APM Terminals opens Costa Rica port
The inauguration of the delayed APM Terminals Moín yesterday will enable products to be shipped on transatlantic routes to European…
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