Sector
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Fire erupts on Hapag-Lloyd boxship bound for Canada
In a shocking start to the year for marine casualties German boxline Hapag-Lloyd has reported its 7,510 teu ship suffered…
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Dry bulk still a long way from exiting crisis mode: Alphabulk
Alphabulk, part of AXS Marine, is warning dry bulk is a long way away from being a healthy investment. In…
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Troops deployed as politicians warn of natural disaster from MSC Zoe box spill
Troops have been deployed by the Dutch Ministry of Defence to help in the cleanup operations in the wake of…
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StealthGas: Stars in alignment for LPG in 2019
Harry Vafias is in typically bullish form when Maritime CEO comes calling for our first interview of 2019. The StealthGas…
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K Line makes sweeping digital reforms
In his final new year’s address as president and CEO of Kawasaki Kisen Kaisha (K Line) Eizo Murakami has announced…
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Paris and Tokyo MoUs start issuing sulphur cap warning letters
The maritime authorities of the Paris and the Tokyo Memoranda of Understanding (MoU) on Port State Control have started issuing…
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Ningbo Marine completes restructuring
Chinese bulk shipping operator Ningbo Marine has completed a lengthy restructuring with its parent company Zhejiang Energy Group. The company…
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OSG brings in product tanker on 10-year bareboat charter
New York-based tanker owner and operator Overseas Shipholding Group (OSG) has entered into a 10-year bareboat charter agreement for 1999-built…
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Bourbon extends debt payment suspension
French offshore vessel owner Bourbon has signed an extension to a general waiver with lenders, allowing the company to continue…
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Fire engulfs general cargo ship in Istanbul
General cargo ship caught fire off Istanbul in the Marmara Sea today forcing all crew to evacuate. According to Turkish…
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China Ocean Industry loses arbitration over four undelivered vessels
China Ocean Industry has announced that the London Maritime Arbitrators Association (LMAA) has awarded in favour of Jiangzhou Union Shipbuilding’s…
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Hyundai Heavy Industries sets $15.9bn new order target for 2019
South Korea’s flagship shipbuilder Hyundai Heavy Industries (HHI) has set a target to secure newbuilding orders with combined value of…
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Zhuhai Port disposes of financing subsidiaries
China’s Zhuhai Port has listed three financing subsidiaries for sale at Guangdong Untied Equity Exchange in order to streamline its…
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Rosatom granted control over Arctic sea shipping routes
The Russian president Vladimir Putin has officially signed off a federal law which has granted control over the Arctic north…
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Shippers brace as new sulphur cap surcharges kick in
This week sees the world’s top containerlines start new bunker surcharges with the 2020 global sulphur cap in mind. Box…
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Wallem boss Coles lashes maritime technology vendors
Frank Coles, the new CEO of Wallem Group, has lashed maritime vendors across the world for failing to properly make…
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IMO 2020 will lead to a ‘massification’ of volumes on all box trades: Alphaliner
The liner sector faces an “interesting” year ahead and ought to scrap more ships before a stronger case for a…
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Six crew kidnapped from MSC boxship off Benin
The 2,668 teu has been targeted by pirates off Benin with Ambrey Intelligence reporting six crew have been kidnapped. The…
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Dutch issue navigational warning as 270 boxes fall off MSC ship
Santa came twice this festive season to residents of the Dutch islands of Terschelling and Vlieland. Social media is abuzz…
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Pan Ocean’s Vale COA deal slashed by $1.3bn
South Korea’s Pan Ocean has agreed with key client Vale to shave off a $1.3bn from a consecutive voyage contract…
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