Shipping and Private Equity Could Be a Perfect Match

Shipping and Private Equity Could Be a Perfect Match

The time is right for the private equity sector to finance products and services designed to keep the shipping ...

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Sungdong Clinches Five Suezmaxes

Sungdong Clinches Five Suezmaxes

Sungdong Shipbuilding & Marine Engineering has won an order to build up to five Suezmax tankers for an ...

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Horizon Lines Settles on Merger Litigation

Horizon Lines Settles on Merger Litigation

US shipping company Horizon Lines has agreed to settle on the consolidated putative class action complaint pending ...

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Drewry: ECA Compliance Costs Shippers Nothing

Drewry ECA Compliance Costs Shippers Nothing

The implementation of the new marine pollution regulation in North Europe and the US since January has so far ...

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Pirates Plant Bomb on Board Oil Tanker

Lapin product tanker

A bomb was placed on board Thai oil tanker by a group of pirates, who had syphoned around 2,000 tonnes of bunker ...

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Hong Kong Court Jails Lamma Disaster Captains

Hong Kong Court Jails Lamma Disaster Captains

The Hong Kong Court’s Justice Brian Keith sentenced Lai Sai-ming, the captain of the Sea Smooth ferry, to ...

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Shipping Industry Faces Erroneous Payment Risks

Shipping Industry Faces Erroneous Payment Risks

The shipping industry is at a high risk of unauthorised and/or erroneous payments due to the nature of the movement ...

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Italy Saves Over 2,000 Mediterranean Migrants

Italy Saves Over 2,000 Mediterranean Migrants

Four migrant smugglers armed with Kalashnikov guns threatened one of the Italian coastguard’s motorboats ...

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US Labor Secretary to Speed Up West Coast Contract Talks

US Labor Secretary to Speed Up West Coast Contract Talks1

The US Labor Secretary Tom Perez has been sent to California by the White House to help bring labor talks on a new ...

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Anthem of the Seas Ready for Float-Out

Anthem of the Seas Ready for Float-Out

Anthem of the Seas, the latest cruise ship being built by Germany’s Meyer Werft, will leave the building dock ...

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Readers’ Picks of the Week (9-13 of Feb)

Readers’ Picks

Kuwaiti Oil Tanker Fights Off Pirate Attack A Kuwaiti oil tanker sailing through the Gulf of Aden managed to fend ...

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Update 2: Still No Sign of Missing FPSO Crew

FPSO unit Cidade de São Mateus

The bodies of the five deceased personnel of the FPSO unit Cidade de São Mateus, four Brazilian and one Indian ...

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Iranian Tanker Operator Back on EU Black List

Iranian Tanker Operator Back on EU Black List

During a yesterday’s meeting in Brussels, European Union members reportedly decided to again blacklist ...

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Britons Seek Damages from Concordia Operator

Britons Seek Damages from Concordia Operator

Britons that were onboard the sunken Costa Concordia cruise ship have decided to file suit against cruise ...

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Timely Reporting Key to Curbing Siphoning Incidents

recaap

A total of 10 incidents of robbery onboard ships were reported in Asia in January 2015, piracy watchdog ReCAAP ISC ...

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Arctic Shipping Emissions Might Increase Sixfold by 2025

Arctic Shipping Emissions Might Increase Sixfold by 2025

A new report by the International Council on Clean Transportation finds that emissions from Arctic shipping traffic ...

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Update 2: Baltic Dry Index Plummets Further

Baltic Dry Index

The Baltic Dry Index has fallen to 540 points February 12, marking a further 13 point (-2.35%) slide compared to ...

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Momentous Year for Westports

Westports' Container Terminal

Malaysian port operator Westports Holdings Berhad achieved record operational revenue of RM 1.50 billion and profit ...

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Poor Communication Leading Culprit in Maritime Accidents

Poor Communication Leading Culprit in Maritime Accidents

Half of the costs of hull and machinery claims handled by the Swedish Club have arisen due to navigational claims ...

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AMSC Expects Strong Jones Act Tanker Market

AMSC Expects Strong Jones Act Tanker Market

The U.S. Jones Act tanker operator American Shipping Company (AMSC) ended 2014 with USD 23 million net profit, ...

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Palm Beach Set to Break Cruise Passenger Record

Grand Celebration cruise ship

The Port of Palm Beach plans to kick off  its Centennial Celebration by a record-setting number of passengers ...

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Libyan Hariga Port Resumes Oil Exports

Libyan Hariga Port Resumes Oil Exports

Libya’s Port of Hariga saw its first oil tanker, the Greece-flagged Minerva Zoe, after Petroleum Facilities ...

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Interview: BC Ferries Pressing On with LNG Switch

Interview: BC Ferries LNG Switch on Track

The latest 0.1% Sulphur Directive effective January 1 has left the shipping industry with three possible choices on ...

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Pan Ocean Seals Deal with Harim Group

Pan Ocean Seals Deal with Harim Group

South Korean shipping company Pan Ocean has signed the investment contract with its preferred bidder Harim Group ...

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Update: FPSO Death Toll Rises to Five, Four Missing

FPSO DEATH TOLL RISES TO FIVE

The death toll in the explosion on board Cidade de São Mateus FPSO, chartered by Brazilian oil major Petrobras and ...

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Introducing Smart Containers

Introducing Smart Containers

French liner CMA CGM has increased its capital investment in the TRAXENS startup as it strives to introduce the ...

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Concordia Captain Gets 16 Years

Costa Concordia

Former captain of the sunken Costa Concordia cruise ship, Francesco Schettino, has been sentenced to 16 years of ...

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