MMEA Recovers Hijacked Tanker

MMEA Recovers Hijacked Tanker

The Malaysian Maritime Enforcement Agency (MMEA) recovered the chemical tanker Sun Birdie, reported to be missing ...

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Liberian-Flag Ships Get Retrofit Deal

Liberian-Flag Ships Get Retrofit Deal

The Liberian Registry has entered into a partnership with U.S.-based consultancy EfficientShip Finance (ESF) to ...

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Houston Port Raises Throughput Bar

Houston Port Raises Throughput Bar

The Port of Houston Authority (PHA) handled more than 37 million tons of cargo in 2014, a 5% increase compared to ...

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Japanese Freighter Catches Fire in South Korea Port

Japanese Freighter Catches Fire in South Korea Port

The 1991-built, 7050 dwt general cargo ship Fortune Ace caught fire yesterday while docked at Pyeongtaek port, ...

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Hanjin Shipping Inching away from Loss

Hanjin Shipping Inching away from Loss

South Korean ocean carrier Hanjin Shipping recorded an annual net loss of KRW 423.3 billion  (USD 386.6m) in 2014, ...

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ClassNK Overshoots 20 Million New Tonnage Mark

ClassNK Overshoots 20 Million New Tonnage Mark

833 new vessels with a combined total of 21,466,272 gt joined ClassNK’s register in 2014, marking the fourth ...

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Imabari Lands Major 20,000 TEU Boxship Gig

Imabari Lands 20,000 TEU Containership Orders

Japan’s shipbuilder Imabari Shipbuilding, with the cooperation of Marubeni Corporation, has secured a ...

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Contracting Activity Slashed in 2014

Contracting Activity Slashed in 2014

Weaker ordering in the bulk carrier sector contributed to around half of the y-o-y decline in total contracting ...

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CSDC Expects Profit

CSDC Expects Profit

China Shipping Development Company (CSDC) expects to see around CNY 300 million (USD 48m) net profit for the year ...

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Term of the Day: DEMDES

Source: Flickr/ Mattia Belletti

The DEMDES (Demurrage/Despatch) represents the amount of money which has to be paid if a ship is loading or ...

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ITF: Seafarers Aboard FOC Ship Neither Fed Nor Paid

Seafarers Aboard FOC Ship Neither Fed nor Paid

The International Transport Workers’ Federation (ITF) voiced concerns about the welfare of 21 Filipino seafarers ...

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MHI Bags LNG Carrier Duo

Mitsubishi

Japan’s Mitsubishi Heavy Industries (MHI) has received an order for two next-generation LNG (liquefied ...

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Evergreen Joins 18,000 TEU Club

Evergreen Joins 18,000 TEU Club

Taiwan’s Evergreen Group, the owner of the world’s fifth largest container shipping company Evergreen ...

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North Pacific Route to Become Bussiest Trading Corridor

North Pacific Route to Become Bussiest Trading Corridor

 The North Pacific route will surpass the North Atlantic as the world’s most busy trading corridor in terms of ...

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AMSA Detains Bulker for Illegal Cargo Unlashing

AMSA Detains Bulk Carrier for Illegal Cargo Unlashing

Australian Maritime Safety Authority has released the Singapore-flagged bulk carrier Orient Becrux from the Port of ...

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Court: CentrePort Guilty of Worker Death

CentrePort was to blame for the death of Mark Samoa

A Wellington court ruled this week that stevedoring company CentrePort was to blame for the death of Mark Samoa who ...

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Yinson Holdings Bags Eni Ghana FPSO Deal

Yinson Bags Ghana FPSO Operation Deal

Malaysia-based investment holding company Yinson Holdings Berhad has through its wholly owned subsidiary Yinson ...

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Infographic: Maritime Crime Figures for 2014

Maritime Crime Figures for 2014 V3

Maritime operations company Dryad Maritime released the following infographic showing maritime crime figures for ...

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Carriers Add Ships to Ease US West Coast Congestion Woes

Carriers Add Ships to Ease US West Coast Gridlock Woes

Container ships deployed on Transpacific routes have experienced delays of up to three weeks as congestion ...

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EximBank China Approves USD 494m in Shipbuilding Loans

EximBank China Approves USD 494m in Shipbuilding Loans

Export-Import Bank of China has granted a USD 312 million loan to Shanghai Waigaoqiao Shipbuilding for the ...

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Training Coastguards in Piracy Hotspots Key

Training Coastguards in Piracy Hotspots Key

Training and mentoring of coastguards in Africa, Middle East, and South East Asia is essential if coastal nations ...

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Carnival Corporation Expands Presence in China

Carnival Corporation Expands Presence in China

Miami-based cruise operator Carnival Corporation signed a memorandum of understanding (MOU) with China Merchants ...

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Gazprom, Yamal Sign Deal to Sell LNG in Asia

Gazprom, Yamal Sign Deal to Sell LNG in Asia

Gazprom Marketing & Trading Singapore, a wholly-owned trading subsidiary of Russia’s Gazprom Group, and ...

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South Asia Still Preferred Dumping Ground

South Asia Still Preferred Dumping Ground

Out of a total of 1026 ships dismantled globally in 2014, 641, representing 74% of the total gross tonnage (GT) ...

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Drewry: Post-Alliance Restructure Well-Balanced

Post-Alliance Restructure Well-Balanced

The Asia-North Europe trade post-alliance restructure is generally well-balanced in terms of geographical coverage ...

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ITF Launches East Asian Maritime Action Week

ITF Launches East Asian Maritime Action Week

Teams of inspectors from the International Transport Workers’ Federation (ITF) will begin the first East ...

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Cosco Starts Piraeus Container Terminal Upgrade

Cosco Starts Piraeus Container Terminal Upgrade

China Ocean Shipping Company (Cosco) held the Inauguration of the Expansion of Pier III of COSCO Piraeus Container ...

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