Readers’ Picks of the Week (12th – 16th of Jan)

Readers’ Picks

Tug Collides with Hoegh Osaka One of the two tugs attached to Hoegh Osaka moved from her position on Saturday ...

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Golar LNG Secures Charters for Carrier Duo

Golar LNG Secures Charters for Carrier Duo

Bermuda-headquartered owner and operator of liquefied natural gas (LNG) carriers Golar LNG has been awarded ...

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Time Working Against Bulk Jupiter Search

Time Working Against Bulk Jupiter Search

Owner of the sunken bulk carrier Bulk Jupiter Gearbulk said it plans to continue to allocate vessels transiting the ...

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CSAV Raises USD 357 Mln

CSAV

Chilean shipping company Compañía Sud Americana de Vapores (CSAV) has raised a total of USD 357 million from its ...

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JAEPA Enters into Force

JAEPA Signing

The Japan-Australia Economic Partnership Agreement (JAEPA) entered into force on 15 January 2015. On 8 July 2014 ...

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McCain Files Amendment to Repeal Jones Act

McCain Files Amendment to Repeal Jones Act

U.S. Senator John McCain has filed an amendment to repeal the Merchant Marine Act of 1920, also known as The Jones ...

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SAMA Buys Stake in Hyundai Mipo

SAMA Buys Stake in Hyundai Mipo

The Saudi Arabia Monetary Agency (SAMA), has bought a 7.26 percent stake in Hyundai Mipo Dockyard Co., the South ...

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US Coast Guard Targets Cruise Ship Crimes

US Coast Guard Targets Cruise Ship Crimes

The US Coast Guard is proposing amends to passenger vessel regulations aimed at improving security measures ...

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Finnlines Boosts Ro-Ro Fleet

Finnlines Boosts Ro-Ro Fleet

Finnish shipping company Finnlines has purchased another ro-ro vessel, which was named MS Finnmerchant (ex MS ...

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Containership Reliability Keeps Spiraling Down

Containership Reliability Keeps Spiraling Down

Containership reliability declined for the second month in a row in December, according to Drewry’s enhanced ...

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Tanker Newbuilds Spark Biggest Interest in Week Two

Highest Demand for Tanker Newbuilds1

The newbuilding market for the second week of January, 2015  has seen some signs of recovery especially in the ...

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P&O Withdraws from Australian Icebreaker Tender

Aurora Australis icebreaker

P&O Maritime Services Pty Ltd has decided to pull back from the Australian Government’s procurement ...

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Eitzen Chemical’s Restructuring Plan Moves Ahead

Eitzen Chemical's Restructuring Plan Moves Ahead

Oslo-based owner and operator of chemical tankers Eitzen Chemical ASA said it has secured support from all of its ...

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Freighter Catches Fire in Iskedrun Port

Cargo Ship Catches Fire in Iskedrun Port

1978-built, 2937 dwt  general cargo vessel Retaj caught fire while docked in Turkey’s Mediterranean Port of ...

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Libyan Army Bombs Second Vessel

Libyan Army Bombs Second Tanker

The Libyan National Army (LNA) has bombed a fishing vessel in the vicinity of the Benghazi Port, which according to ...

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Excellence to Lighten Magellan Spirit’s Load

LNG Tanker Excellence

LNG tanker Excellence owned by Texas-based Excelerate Energy,  is reported to be en route to Nigeria to lighten the ...

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Update: Salvors Prep for Hoegh Osaka’s Hull Inspection

Hoegh Osaka Alpha Anchorage

More favorable weather conditions in Solent allowed two new water pumps to be deployed on the Hoegh Osaka and its ...

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Southeast Asia Tanker Hijackings Rising

SE Asia Tanker Hijackings Rising

Attacks against small tankers off South East Asia’s coasts caused a rise in global ship hijackings, up to 21 in ...

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Norwegian Banks Claiming USD 567 Mln from Bergen Bunkers

Norwegian Banks Claiming USD 567 Mln from Bergen Bunkers

A consortium of Norwegian banks is claiming some USD 567 million from Bergen Bunkers AS, Norwegian subsidiary of ...

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Nine Burned in Tugboat Explosion in Indonesia

Nine Burned in Tugboat Explosion in Indonesia

Nine workers were injured when a gas cylinder exploded in the engine room of the tugboat Sandia III in the ...

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Update: MOL Express Breaks Free

MOL Express Runs Aground

MOL-operated containership MOL Express that ran aground in shallow water in Tateyama Harbor, Chiba Prefecture on ...

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Oakland Facing More Backlog

Record Cargo Volumes at Port of Oakland

Cargo volume that has reached an all-time high at the Port of Oakland is fueling the big buildup of freight which ...

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OVSA Members Omit Oakland Port Call

US West Coast – Australasia Loop 2 (WAN) Service

Member lines of the Oceania Vessel Sharing Agreement (OVSA) plan to temporary suspend Oakland port call to improve ...

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Middle East and Indian Subcontinent Oversupplied

Illustration

Strong westbound growth for both Middle East and Indian Subcontinent regions is helping to offset oversupply, UK ...

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Update: Magellan Spirit May Shed Cargo to Break Free

Magellan Spirit Aground off Nigeria

A fully loaded 165,000 cbm liquefied natural gas (LNG) tanker Magellan Spirit, which ran aground off Nigeria on ...

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Venice Court Lifts Ban on Large Cruise Ships

Venice Court Lifts Ban on Large Cruiseships

Venice regional court of appeal (Tribunale Amministrativo Regionale) has revoked the order on banning large ships ...

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26 Filipino Seamen Saved from Sinking Cargo Ship

26 Filipino Seamen Saved from Sinking Cargo Ship

26 Filipino seamen were rescued by the crew of the Chinese vessel MV Tong Ying hours after their cargo ship sunk ...

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