Sector
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K Line top management take pay cut
With a new CEO in charge and a displeased investor base, top management at Kawasaki Kisen Kaisha (K Line) today…
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Prices spike as near full repair yards scrub up
Ship repair yards across the world are working at near full capacity according to brokers Intermodal with their normal work…
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Rain eases the pain for the Panama Canal
With plenty of rain finally falling over the past week in Panama, the authorities have postponed a sixth draft restriction…
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Golar LNG confirms direct listing plan for its gas carriers
Tor Olav Trøim’s Golar LNG will spin off its LNG carrier business into a separate public vehicle, going down the…
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MIIT shipbuilding head under investigation
China’s National Supervisory Commission has announced that Li Dong, chief director of the industrial equipment department at the Ministry of…
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Blue Planet Shipping moves to offload ageing supramax fleet
Victoria Steamship-affiliated Greek owner Blue Planet Shipping is looking to exit the supramax sector, with brokers circulating its fleet of…
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Navios takes Imabari VLCC option
Angeliki Frangou’s Navios has signed for an optional VLCC at Japan’s top shipyard, Imabari Shipbuilding. Brokers Intermodal report that the…
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Pacific Radiance jv wins arbitration case against Waigaoqiao Shipbuilding
Singapore-based offshore vessel operator Pacific Radiance has announced that its joint venture CA Offshore Investment has won an arbitration case…
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CEO Chronicles 4: Oh My Boss!
In CEO Chronicles 2, we discussed five traps we should not fall into when dealing with bad bosses. In CEO…
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Eidesvik Offshore secures contract extension from Siemens Gamesa
Germany’s Siemens Gamesa Renewable Energy has extended the charter of Eidesvik Offshore’s maintenance and support vessel by an additional year.…
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CarVal offloads handy pair
Sources tell Splash that US-based CarVal Investors has decided to offload its last two fully-owned handysize vessels, getting rid of…
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SIPG president to head China Football Association
Chen Xuyuan, the president of Shanghai International Port Group (SIPG), has been widely tipped to take a surprising role as…
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Rob Grool to head up Zeaborn Ship Management
A well-known name in shipmanagement has moved to Hamburg to take the reins at one of Germany’s fastest growing fleets.…
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Mercator fails to pay its crew for the last two months
Mercator, once India’s third largest shipping line, has hit severe financial difficulties with local newspaper, Hindu Business Line, reporting the…
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Burnt Yantian Express finally makes it to its Halifax destination
Four months after a severe blaze ripped through it the boxship has finally reached its Canadian destination, delivering some of…
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Ships ought to be designed with dismantling in mind
Panagiotis Galanis, aged 14, is a grade nine student at the Hellenic-American Educational Foundation. He writes exclusively for Splash on…
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Brightoil VLCC sold at auction
The High Court of Hong Kong has sold the 2013-built VLCC in an auction yesterday. Shipbroking sources told Splash that…
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BULL charges for more aframaxes
A month after announcing it was raising $84m for new ships, 20-ship strong Indonesian tanker owner Buana Lintas Lautan (BULL)…
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Santoku Senpaku in for DACKS ultramax pair
Japanese owner Santoku Senpaku has gone to DACKS, the Dalian joint venture shipyard run by Cosco and Kawasaki Heavy Industries,…
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NYK develops Japan’s first additive for compliant fuel oil
Nippon Yusen Kaisha (NYK) and subsidiary Nippon Yuka Kogyo have jointly developed a new fuel oil additive for low sulphur…
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