Sector
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Guangzhou to set up local shipping line
Guangzhou: Guangzhou is planning to set up its own ocean-going fleet, with Guangzhou Port Group, Guangdong Province Navigation Group and Guangzhou…
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Breakbulk outlook cautiously optimistic
Shanghai: Breakbulk market demand is expected to grow in the coming year and the market remains steady despite challenges, Tina Liu,…
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Yantai to develop 21 port projects this year
Dalian: The northern Chinese port of Yantai is to develop 21 port-related projects this year with RMB2.2bn investment. Yantai is…
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Capesizes go into lay-up in Asia
London: Brokers in Singapore estimate that “six or seven” capesize bulk carriers have gone into hot lay-up, according to reports.…
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Wilh Wilhelmsen cuts Hyundai Glovis holding
Oslo: Oslo-listed Wilh Wilhelmsen is reducing its shareholding from 12.5% to 12% in Seoul-based car logistics specialist Hyundai Glovis. Wilh…
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Scorpio Tankers secures loans to fund purchase of four LR2s
London: NYSE-listed Scorpio Tankers has secured loans of $52m and $61.2m to partially fund its purchase of four LR2 product…
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Coast Guard closes section of Ohio River after tow boat sinks
Sn Francisco: A tow boat sank in flood-swollen waters of the Ohio River, prompting the US Coast Guard to halt…
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PMA report notes 2014 was best ever year for worker safety among US west coast ports
San Francisco: US west coast ports may have endured lengthy industrial relations turmoil but worker safety has never been better…
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Two-man crew swim to safety as tugboat sinks off British Columbia
Vancouver: A tugboat sank near Halfmoon Bay on the Sunshine Coast of British Columbia, Canada, but there were no fatalities…
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Siem Offshore makes structural changes
Oslo: Subsea 7 spinoff, Siem Offshore Inc, has announced a major restructuring of the business to form two separate divisions…
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Nordic American Tankers plans fleet expansion
Oslo: In a letter to shareholders, Nordic American Tankers chairman and ceo Herbjorn Hansson revealed that the company is planning…
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Cochin Shipyard signs LNG technology transfer deal with Samsung Heavy
Cochin: Government owned Cochin Shipyard has become the second Indian shipbuilder to seal a transfer of technology deal with a…
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Impounded Russian vessel released after payment of bond
Mumbai: A Russian cargo vessel, which had been detained by the Indian Coast Guard in the wake of a directive…
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Global Shippers’ Alliance formed
Surabaya: Shippers of the world have united. The European Shippers’ Council (ESC), the Asian Shippers’ Association (ASA) and the American…
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New budget a boon for UK offshore oil & gas and maritime sectors
London: UK chancellor George Osbourne has unveiled his new budget for the fiscal year 2015, which comprises a number of…
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Sasebo set for expansion
Tokyo: Following a decade of contraction, shipbuilding on Japanese soil is experiencing a renaissance of sorts. This January, Imabari Shipbuilding…
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Crew kidnap highlights security shambles in Nigeria
London: Three crew kidnapped from a tanker by armed robbers in Nigeria have been freed, highlighting the dire state of…
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BW Pacific back at STX for two more LR1s
Seoul: STX Offshore & Shipbuilding has won an order for two LR1 tankers from repeat client BW Pacific. BW Pacific…
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A. P. Moller-Maersk aims for $4.94bn from bank sale
Copenhagen: Denmark’s A. P. Moller-Maersk (APMM) has published details of its planned sale of its 20% stake in the country’s…
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Rongsheng’s debt restructuring gets underway
Shanghai: China Development Bank is to lead the debt restructuring of the Chinese private shipyard, Rongsheng Heavy Industries. The creditor…
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