Sector
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CMA CGM completes Containerships acquisition
France’s CMA CGM has completed the acquisition of Finnish containership owner and logistics firm Container Finance. The deal with sees…
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Gotland takes d’Amico bulker pair for juice tanker conversion
Dublin-based d’Amico Dry, part of the Italian group d’Amico Società di Navigazione, has just sold to Sweden’s Gotland Tankers a…
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Fire erupts as ferry slams into crane at Barcelona port
Firefighters rushed to the port of Barcelona this morning as a ferry operated by Italy’s Grandi Navi Veloci (GNV) slammed…
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Boxship scrapping levels lowest since 2008
The supply/demand imbalance in the container shipping segment is worsening with Alphaliner reporting 2018 will mark the lowest level of…
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Maersk shifts giant 17,816 teu pair onto booming transpacific
Two of the largest ships to ever ply the transpacific will shortly set off as the tradelane continues to experience…
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Why there’s no love for shipping equities
Many shipping sectors are rebounding, but IPOs remain thin on the ground. J Mintzmyer, lead investor at Value Investor’s Edge,…
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Koch fixes new China Merchants VLCC with scrubber add-on clause
Tanker chartering deals with scrubber bolt-ons are beginning to creep into the market as big names in the market hedge…
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Volumes shipped along Russia’s Northern Sea Route more than quintuple in five years
The volume of cargo shipped along Russia’s Northern Sea Route this year is set to be up more than five-fold…
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Continental Shipping Line quits box sector
Singapore-based feeder operator Continental Shipping Line (CSL) is reported by Alphaliner as exiting the box sector, having sold two 1,400…
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Wintermar Offshore moves to reduce fleet
Indonesian offshore vessel operator Wintermar is in the process of selling some of the older and idle vessels in its…
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DOF awarded PSV contract by Point Resources
Norwegian OSV operator DOF has been awarded a contract by Point Resources for the deployment of its 2012-built platform supply…
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Magseis to acquire Fairfield Seismic Technologies
Norwegian seismic specialist Magseis has entered into an agreement with Fairfield Geotechnologies to acquire the Seismic Technologies business from Fairfield…
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Pangaea Logistics acquires secondhand supramax bulker
Nasdaq-listed dry bulk shipowner Pangaea Logistics Solutions has announced the acquisition of a secondhand 53,000 dwt supramax bulk carrier. The…
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India’s shipping minister sets out shipbuilding ambitions
India’s shipping minister Nitin Gadkari set out some shipbuilding goals for the country while attending the groundbreaking ceremony of the…
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Port of Los Angeles terminal evacuated after explosion
An explosion at Port of Los Angeles at around 6pm Tuesday local time has led to a terminal being evacuated.…
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Odfjell Drilling semi-submersible awarded contract by MOL Norge
Norway’s Odfjell Drilling has been awarded a contract by MOL Norge for 1983-built semi-submersible rig . The one-well contract is…
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Rowan secures drillship contract from Fieldwood Energy
Houston-based offshore driller Rowan Companies has been awarded a contract in the United States Gulf of Mexico by Fieldwood Energy…
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Global Ship Lease and Poseidon Containers to merge
London-based containership owner Global Ship Lease and Greek owner George Youroukos’ Poseidon Containers have entered into a merger agreement. The…
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Paddy Rodgers renews attacks on open-loop scrubbers
One of shipping’s most vocal opponents of scrubbers has aimed another barrage at exhaust gas cleaning systems. Euronav boss Paddy…
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Shipping warned of imminent Abu Sayyaf strike
ReCAAP, the Asian piracy watchdog, has issued a warning of potential attacks on ships in and around Philippine waters. The…
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