Editor’s Picks
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Europe
London slips behind Hong Kong in latest shipping hub poll
Asia’s relentless climb up the charts of shipping’s corridors of power has been highlighted once again with the launch today…
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Europe
Kongsberg takes over Rolls-Royce’s commercial marine business for $662m
Two of the greatest advocates for autonomous shipping are set to join forces with news breaking that Norway’s Kongsberg has…
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Operations
After years of flat lining, crew pay increases in 2018
Cost growth returned to seafaring in 2018 and is projected to accelerate moderately on recovering vessel earnings and continued shortfall…
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Contributions
On scrubbers and super profits
Roar Adland, shipping chair professor at the Norwegian School of Economics, questions the flurry of scrubber purchases in recent days.…
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Gas
Global gas trades reshaped as ship crosses Northern Sea Route unassisted from Yamal to China
In a landmark moment reshaping global gas trades the laden LNG carrier arrived at the Bering Strait today, completing an…
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Dry Cargo
Cape rates soar 40% this week
Tight supply and markedly increased demand in fronthaul and transatlantic trades, with some healthy assistance from West Australian exports, have…
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Greater China
HNA chairman dies in accident in France
China’s multi-sector conglomerate HNA Group has released an obituary, announcing the sudden death of its co-founder and chairman, Wang Jian,…
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Dry Cargo
Weekly Broker: Cape summer spur set to see deals intensify
School’s out for summer in the northern hemisphere, but canny owners are likely to need to keep their smartphones to…
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Europe
$1.38bn wiped off Hapag-Lloyd in two days since profit warning
Investors have dealt savagely with Hapag-Lloyd shares after the German line announced a profit downgrade on Friday with analysts warning…
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Environment
Transparency International highlights transparency and accountability flaws at IMO
In advance of today’s council meeting of the International Maritime Organization (IMO), Transparency International is releasing another report that claims…
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Contributions
A short wish list for the IMO
Some recent sessions at the IMO have been quite exciting, attracting attention from the ‘mainstream’ (non-shipping) media and from Transparency…
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Tankers
130 VLCCs and suezmaxes to deliver between now and the end of 2019
The orderbook for depressed large tankers looks extremely worrying. Brokers Gibson report that there are 130 VLCCs and suezmaxes set…
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Asia
BT Investment pulls the plug on Emas Offshore rescue plan
Emas Offshore, part of Singapore’s Ezra Holdings, has suffered the biggest setback yet to its financial restructuring after BT Investment…
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Europe
ESL Shipping pounces for Sweden’s AtoB@C
Shipping’s consolidation phase has turned to niche Scandinavian dry bulk names. ESL Shipping, a shipping company fully owned by Finnish…
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Dry Cargo
Cape volatility here to stay: Alphabulk
Market volatility is not going away in the dry bulk sector, analysis from Alphabulk shows. In its latest weekly report,…
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Americas
Cargill to bankroll shipping’s decarbonisation
One of the largest charterers in shipping, agribusiness giant Cargill, has launched a global hunt for innovative technologies to help…
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Europe
Frontline buys into scrubber manufacturer
John Fredriksen’s Frontline has agreed to acquire a 20% ownership interest in Indonesia-based scrubber manufacturer Feen Marine Scrubbers (FMSI). In…
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Tankers
False dawns and renewed hope: confidence in shipping since the global financial crisis
Shipping confidence held steady in the three months to end-May 2018 according to UK shipping accountant Moore Stephens’ latest Confidence…
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Europe
GoodBulk postpones New York IPO
Despite the buzz within the shipping industry surrounding this month’s announcement that Monaco-headquartered GoodBulk had filed to list in New…
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Operations
Weekly Broker: Marinakis steals the show
The appetite for sale and purchase deals remains very firm in the dry bulk sector in the past week, despite…
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