Creditors Unveil USD 2.6 Bn of Fresh Funds for DSME

The creditors of financially troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) ...

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China Fines Vessel for Violating Sulfur Cap Regulation

Maritime Safety Administrations (MSAs) in Chinese Hebei Province and Tianjin Municipality have fined a foreign ...

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Oldendorff Carriers Converts Bulk Carrier to Transloader

German shipowner and operator Oldendorff Carriers has decided to convert its bulk carrier Tete Oldendorff to a ...

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South Korea Lifts Sewol Wreck

The South Korean government managed to lift the wreck of the ferry Sewol in the morning hours of March 23 following ...

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iContainers: New Alliances to 'Shake Things Up'

New shipping alliances set to come into effect next week will lead to a shortage of options for freight forwarders, ...

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Owners Sending Fewer Ships to Scrapyards

Shipowners’ interest is being diverted away from the recycling market with secondhand vessel values rising, ...

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Global Box Volumes Prosper in Late 2016

Following a slow first half of 2016, port throughput rebounded in the second half of the year pushing the global ...

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Shipping Confidence Steady amid Fierce Competition

Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping ...

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Three Missing after Tanker Explodes off China

Three seafarers are missing, while 13 others have been rescued after their tanker Xing Long Zhou 569 exploded on ...

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Report: HHI to Close Another Dry Dock in Ulsan

Pressured by a slump in new shipbuilding orders, the South Korean shipbuilder Hyundai Heavy Industries (HHI) ...

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UK Turns to China to Boost Maritime Ties ahead of Brexit

The UK is steering its way to China to foster maritime ties ahead of the looming triggering of Article 50 which ...

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COSCO Dalian Delivers Babylon

COSCO (Dalian) Shipyard, a subsidiary of COSCO Shipyard Group, has delivered Babylon, an oil tanker newbuilding, to ...

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Warranty Surveyors to Reduce Cargo Shifting Risk

Due to a recent increase in the incidence of deck cargoes shifting in heavy weather, the London P&I Club said ...

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Thieves Board Maersk Aegean off Indonesia

Robbers boarded a product tanker owned by Danish Maersk Tankers and stole equipment while the vessel was at anchor ...

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Bank Gives Rickmers Maritime Deadline for Restructuring Plan

German HSH Nordbank has provided Singapore’s containership owner and operator Rickmers Maritime with a ...

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RCL, Penang Port Getting Ready for Mega Cruise Ships

Cruise line operator Royal Caribbean Cruises Ltd. (RCL) and Malaysia’s Penang Port Sdn Bhd (PPSB) plan ...

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Report: SM Group to Widen Maritime Presence

In an effort to expand its foothold in the maritime sector, South Korea’s Samra Midas Group (SM Group) said ...

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Industry Looking for Ways to Return to Faster Volume Growth

The shipping industry is looking for ways to return to faster expansion in volumes as the slowdown in volume growth ...

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Cruise Segment Drives Genting Hong Kong's Revenue up

Genting Hong Kong, a part of Genting Group, has seen a surge in its revenue from cruise and cruise-related ...

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Little Hope for Asia-West Africa Volume Recovery

Carriers in the Asia to West Africa container trade could be dragged through another woeful demand story as the ...

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SunStone Eyes Up to Ten Expedition Cruise Ships

Miami-based expedition vessels provider SunStone Ships has reached an agreement with China Merchants Industry ...

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Oriental Ocean Disposes of Bulker Trio

China’s Oriental Ocean Shipping is decreasing its fleet as the company reached an agreement to sell two of ...

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Sovcomflot Orders Four LNG-Fueled Aframaxes in Korea

The Russian state-owned shipping company Sovcomflot has placed an order for the construction of four 114,000 dwt ...

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Giant Boxships Pose Risks That Are Not Being Discussed

There are numerous risks of technical nature not being considered when opting to construct the ever bigger ...

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BIMCO: Dry Bulk Industry's Road to Profitability

The dry bulk shipping industry remains well on target for profitable freight rates in 2019 if the projected fleet ...

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G E Shipping Adds Suezmax Tanker

Mumbai-based Great Eastern Shipping Company (G E Shipping) has taken delivery of Jag Leena, a secondhand Suezmax ...

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