ReCAAP, OCIMF to Jointly Fight against Piracy in Asia

Asia’s piracy watchdog ReCAAP and Oil Companies International Marine Forum (OCIMF) have signed a Memorandum ...

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Costamare Secures Financing for Containership Duo

Greece-based containership owner Costamare has secured financing for two second hand vessels, the 4,957 TEU ...

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Samskip to Expand Norway Presence with Nor Lines Takeover

Rotterdam’s transportation firm Samskip plans to acquire activities associated with Norwegian shipping and ...

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2M Partners Divert Ships from APMTR

Danish container shipping giant Maersk Line and its 2M partner MSC are diverting four boxships from their joint ...

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Drewry: FSRUs More Profitable than LNG Carriers

Despite falling freight rates for floating storage regasification units (FSRUs), investment returns at current ...

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Interview: Owners Lack Trust in BWMS Technical Capability

As the entrance into force of the Ballast Water Management Convention (BWMC) approaches, the industry’s ...

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Diana Containerships Bounces Back to Profit

Athens-based shipowner Diana Containerships has managed to return to black during the second quarter of the year as ...

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Newbuilding Orders Plunge in H1 2017

Although newbuilding orders for tanker and bulkers increased during the first half of 2017, the overall number of ...

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ULCVs to Almost Double Capacity on Asia-North Europe by 2018

Additional phasing in of ultra-large container vessels (ULCV)– with a nominal capacity in excess of 18,000 ...

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Carrier Reliability Continues Growing

Carriers’ overall on-time and transit time reliability improved by 6.8%, increasing from 63.3% in May 2017 to 70.1% ...

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Tufton Oceanic Tied to Purchase of Seven Boxships

UK-based shipowner Tufton Oceanic has reportedly reached an agreement to buy seven Sub-Panamax containerships from ...

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New and Improved Cranes at Port of Felixstowe

Hutchison Ports’ Port of Felixstowe has ordered two new gantry cranes for its Berths 8 and 9 from Shanghai ...

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Scorpio Bulkers Cuts H1 Loss

Monaco-based bulker owner and operator Scorpio Bulkers resumed its recovery streak from the first quarter slashing ...

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Port of Antwerp Invests in Brazilian Port of Açu

Port of Antwerp, through its subsidiary Port of Antwerp International (PAI), will invest USD 10 million in Porto do ...

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Torm Buys Four MR Resales from Guangzhou Shipyard

Danish shipping company TORM has entered into an agreement to purchase four fuel-efficient MR resale vessels from ...

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Gibson: OPEC Puts Pressure on Crude Tanker Market

The OPEC-led production cuts are having negative implications for crude tankers, particularly very large crude ...

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North Europe-America Spot Rates to Remain Stable

In the first five months of this year, North European exports to North America registered a rise of 5.7%, according ...

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Höegh LNG Nets Financing for FSRU#8

Owner and operator of floating LNG import terminals Höegh LNG Holdings has received commitment letters for a USD ...

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BigRoll Is Taking It a Step Further

“BigRoll has delivered on its promises, we have grown from an ambitious newcomer to a reliable partner in the ...

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Stranded Seccadi Crew Returns Home

A group of nine seafarers from the Panama-flagged cargo ship Seccadi, who were left stranded on UK’s Mersey ...

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Stena Line to Deploy Bigger Ships on Rotterdam-Harwich Route

Swedish ferry company Stena Line is to increase capacity by changing to larger ships in response to demand on the ...

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STX Offshore Bags USD 140 Mn Tanker Deal

South Korea’s STX Offshore & Shipbuilding has won an order for four 50,000 deadweight tonnage (DWT) midsize ...

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First Ship with IMO Tier III EIAPP Engines Launched

The first ship featuring International Maritime Organisation’s Tier III EIAPP (Engine International Air ...

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Hapag-Lloyd to Double Its Operations in Turkey

German shipping major Hapag-Lloyd expects to increase its presence in the Turkish market after it finalizes the ...

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Keppel Verolme’s Price Tag Revealed

Damen Shipyards Group has paid EUR 23.5 million (USD 27.6 million) for the acquisition of Keppel’s Verolme ...

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Containers Push Port of Rotterdam's Volumes Up

The Dutch Port of Rotterdam witnessed an increase of 3.9% in throughput during the first six months of 2017, mainly ...

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