Editor’s Picks
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Dry Cargo
Greece’s MFS Shipmanagement sees 11 vessels arrested, sells 4
Athens: Greece’s MFS Shipmanagement has had 11 of its vessels stopped or arrested at ports worldwide and is selling four bulk…
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Contributions
Place reserved for Mr Tsipras in the Museum of Political Irrelevance
One ought to be careful in writing anything about the Greek crisis, because the mercurial temperament of the prime minister…
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Europe
Jaccar Holdings secures $900m financing deal from ICBC Leasing
Shanghai: Jacques de Chateauvieux-led Jaccar Holdings signed a financing deal worth $900m with ICBC Leasing yesterday to fund the construction…
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Greater China
Four Chinese ports get official approval to receive valemaxes
Dalian: China’s Ministry of Transport and National Development and Reform Commission (NDRC) have together released a notice in which they…
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Europe
ASKET: As rates for PMSCs hit rock bottom, quality concerns reemerge
London: With a pricing war underway since rates for private maritime security companies (PMSCs) have hit rock bottom many firms…
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Europe
Fredriksen merges his two Frontlines
Athens: Fredriksen-led Frontline and its affiliate Frontline 2012 have agreed to merge to create one of the biggest tanker operating companies…
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Africa
d’Amico tanker caught up in oil theft row
Hamburg: A d’Amico tanker has become embroiled in an oil theft probe. Police in Germany have arrested the Celio Di…
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Greater China
Rongsheng restructuring deal delayed
Hong Kong: Huarong Energy, formerly Rongsheng Heavy Industries, has announced that a formal sale and purchase agreement for the shipbuilding…
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Dry Cargo
Two-year hiatus ends as China Ore Shipping valemax arrives at Qingdao
Dalian: Yuan Zhuo Hai, one of four 400,000dwt VLOCs acquired by China Ore Shipping from Brazilian ore giant Vale, has…
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Asia
Myanmar and Asia Pacific’s role in driving oil and gas growth
With the volatility in the oil patch at the moment, Myanmar and much of Asia Pacific presents as a unique…
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Europe
Fredriksen and Saverys form gas giant with Flex LNG
Athens: Flex LNG is to acquire LNG vessels and other assets from Belgium’s Exmar and Fredriksen-led Geveran in a deal that will create…
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Asia
Shell orders three FLNG units from Samsung in $4.7bn deal
Athens: Shell Gas & Power Developments has ordered three floating LNG units (FLNG) from South Korea’s Samsung Heavy Industries in a…
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Europe
Northern Offshore goes east, acquired by Shandong Offshore International
Oslo: John Fredriksen’s Northern Offshore has been sold to Shandong Offshore International Company for a cash total of approximately NOK1.3b…
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Greater China
National Audit Office finds irregularities and illegal activities at Cosco
Beijing: China’s National Audit Office released an audit report for state-run shipping conglomerate Cosco Group yesterday in which it has…
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Containers
Nor Lines LNG-powered roro grounds just two months into service
Oslo: LNG powered roro cargo vessel Kvitbjorn (5,000 dwt, built 2015), which has only been in service with Nor Lines…
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Europe
Scorpio tanker carrying naphtha collides with cruiseship in the Dardanelles Strait
Istanbul: A tanker carrying highly explosive naphtha collided with a cruiseship early this morning in the Dardanelles Strait. While no…
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Americas
Transpetro plans massive fleet selloff
Sao Paolo: Taking a leaf out of fellow Brazilian commodities giant Vale, Petrobras is studying a plan to sell off…
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Maritime CEO
GMS: More than 100 capes could be torched this year
Dubai: As well as its leading position in the world of ship recycling GMS owns a number of ships, hence…
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Africa
Kenya sends 62 convicted pirates back to Somalia
Mombassa: Kenya’s government has repatriated 62 Somali pirates who have served their jail sentences. There are currently 164 pirates still…
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Americas
Senate committee approves bill monitoring performance of major US ports
Washington: A US Senate Commerce Committee approved by majority voice vote on Thursday the Port Performance Act, meaning the measure…
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