Sector
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Ultrabulk trials sail technology
Danish owner Ultrabulk is teaming with three British outfits to look at retrofitting a ship with sail technology. British utility…
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Shipping as a commoditised industry spurs debate
Impassioned debate on two contentious issues followed by cocktails high up among the skyscrapers served as a great curtain raiser…
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Baota Petrochemical chairman arrested
Chinese independent refiner Baota Petrochemical Group has announced that its chairman and controlling shareholder Sun Hengchao has been arrested by…
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Poten bought out by BGC Partners
One of the world’s best known tanker brokers, Poten & Partners, has been bought out. BGC Partners has taken over…
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Bright Navigation linked to Capital capesize
Evangelos Marinakis’s Capital Ship Management has offloaded one of its four capesizes, according to broking sources, with the sale of…
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Eastern Pacific snaps up NYK boxship
Idan Ofer’s Singapore-based Eastern Pacific Shipping has snapped up 2008-built 6,661 teu boxship from Japan’s NYK Line. Eastern Pacific revealed…
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Chennai hit by another oil spill
Ennore port in India is handling another damaging oil spill today. The product tanker was discharging oil at the port…
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Courage acquires supramax bulker
Hong Kong-listed Courage Investment, formerly known as Courage Marine, has entered into a memorandum of agreement to acquire a 2011-built…
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Ship Finance International offloads VLCC
John Fredriksen’s Ship Finance International (SFI) says it has agreed to sell 2002-built VLCC tanker to an unrelated third party.…
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GNG Ocean Shipping secures financing for chemical tanker pair
China’s state-owned GNG Ocean Shipping has entered into an agreement with BNP Paribas for the financing of two of the…
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MTT Shipping orders up to six feeder boxships at Zhoushan Changhong
Malaysian containership operator MTT Shipping has entered into shipbuilding contracts with China’s Zhoushan Changhong International Shipyard for the construction of…
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MSC’s CIO makes the case for carrier digital harmonisation
Container shipping is playing catch-up with other industries such as aviation and banking when it comes to having a common…
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Two thirds of LNG orders placed this year are speculative
Two thirds of the LNG orders placed this year have been speculative, according to Norwegian owner Awilco LNG, in a…
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Crude tanker rates predicted to consolidate as US softens Iranian sanctions
Crude tanker rates are predicted to consolidate by brokers Simpson Spence Young (SSY) on the back of the surprise decision…
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2019 predictions and beyond
As is customary at this time of the year the editor tells me to stick my neck on the line…
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Shandong Shipping orders 10 capes at Waigaoqiao Shipbuilding
Chinese state-run shipping major Shandong Shipping have entered into agreements with two financial leasing houses Bocomm Leasing and Shandong Huachen…
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Raffles Shipping books up to six chemical tankers at Wuchang Shipbuilding
Singapore’s Raffles Shipping is expanding its chemical tank fleet. The company has entered into a shipbuilding contract with CSIC-affiliated Wuchang…
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Wah Kwong orders panamax pair at CSSC Chengxi
Hong Kong-based shipowner Wah Kwong has signed shipbuilding contracts with one of its regular yards, CSSC Chengxi Shipyard, for the…
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Taylor Maritime handysize snapped up by Narval Shipping
Greek owner Narval Shipping has acquired the 1998-built handysize bulker from Hong Kong’s Taylor Maritime. Brokers tell Splash the deal…
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Global Ship Lease completes merger with Poseidon
London-based containership owner Global Ship Lease has announced the completion of a previously announced stock-for-stock merger with Greek owner George…
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