Sector
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PSA teams with Changi’s ground-handler to promote sea-air connectivity
Terminal operator PSA International and SATS, the chief ground-handler at Singapore Changi Airport, have today signed a Memorandum of Understanding…
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Is Singapore’s new megaport a strategic masterstroke?
Singapore has successfully built itself into a maritime powerhouse through exploiting its strategic location within the old trade routes. Innovation…
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Graig puts handysize pair on the market as newbuild ultramaxes near delivery
Cardiff-based Graig Shipping has put its two handysize bulkers on the market as it prepares to take delivery of the…
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Weekly Broker: Volatility keeps deals at bay
The extraordinary volatility within the dry bulk space continues to mute S&P deals. The spot market has seesawed in the…
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DFDS to acquire two ships for Stora Enso contract
Danish roro ship operator DFDS secured a contract from Swedish paper producer Stora Enso to transport 700,000 tons of paper…
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Landbridge seals sale and leaseback deal with Värde
Landbridge VLCC International, a Hong Kong-based shipowning unit of Chinese industrial company Landbridge Group, has sealed a sale and leaseback…
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Mjølner and MID-SHIP launch new product tanker fund
Commercial manager Mjølner Shipping Holdings and transport investment banking firm MID-SHIP Capital have launched their second fund, the Mjølner Product…
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Pipelayer explosion injures 14
A massive explosion and ensuing fire on the 29-year-old pipelayer yesterday evening saw 14 seafarers suffer burn injuries, three critically.…
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Maersk Drilling to upgrade jackup into hybrid, low-emission rig
Maersk Drilling is upgrading 2014-built jackup rig in cooperation with Equinor to provide low-emission drilling on the Norwegian Continental Shelf.…
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Sovcomflot seals $297m financing for newbuild LNG carriers
Russian shipping group Sovcomflot has secured a new 10-year $297m credit facility from international banks ING Bank, KfW IPEX-Bank, and…
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Marfret takes on its largest ship
French niche carrier Marfret has taken on its biggest ship in its history, chartering the 6,881 teu for a year…
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2GO and Negros Navigation merge
Two of the largest names in Philippine shipping have merged. Alphaliner reports that 2GO Group has undergone an internal restructuring…
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D’Amico sells its oldest bulker to Grand Ocean Shipping
Dublin-based d’Amico Dry, part of the Italian group d’Amico Società di Navigazione, has sold the oldest vessel in its fleet…
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PIL sale chat resurfaces on debt concerns
Once again market talk is picking up about a possible sale of Pacific International Lines (PIL), the world’s 10th largest…
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CIMC takes Singamas and Cosco to court over patent dispute
China International Marine Containers (CIMC), the world’s largest container manufacturer, has launched lawsuits at a court in Qingdao against Singamas…
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Classic panamax boxships tipped for massive price appreciation
Classic panamax boxships ranging in size from 3,000 to 5,999 teu are tipped by online pricing portal VesselsValue to appreciate…
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Uni-Tankers: Focus, focus, focus
A stronger focus on all operations is the key management message from Per Ekmann, confirmed this week as the new…
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Anders Källsson hands over Erik Thun to next generation
Swedish shipping group Erik Thun has announced that the company has appointed Johan Källsson as the new managing director for…
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BBC Chartering appoints Ulrich Ulrichs to succeed Svend Andersen as CEO
Project cargo shipping giant BBC Chartering has announced the appointment of Ulrich Ulrichs as chief commercial officer, effective May 2.…
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Ports address climate change to support investment decision-making
At the International Association of Ports and Harbors (IAPH) 2019 World Ports Conference opening in Guangzhou, IMO secretary general Kitack…
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