Impact of Paradise Papers on Shipping Industry

Clyde & Co provides main takeaways from the Paradise Papers on the shipping industry

COSCO Shipping Closes Another Dormant Business

COSCO Shipping International (Singapore) has decided to formally dismiss its dormant subsidiary, Cos Knight ...

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DHT Holding Disposes of Oldest VLCC Trio

Crude oil tanker company DHT Holdings has joined its counterparts in the shedding of outdated tonnage as part of ...

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Ferry Crashes into Port Building, 181 Passengers Evacuated

The Indonesian-flagged Jetliner ferry carrying 181 passengers on board smashed into a port office building while ...

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Antwerp Port Authority, FPIM Buy Stake in NxtPort

The Antwerp Port Authority and Belgian Federal Participation & Investment Company (FPIM) are to jointly acquire ...

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ZIM Cautiously Optimistic as It Sails Back to Black in Q3

Israeli container shipping company ZIM reaped the fruits of the market recovery and returned to the black in the ...

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IMO: Canada Provides Financial Support for Polar Code

The Government of Canada has provided a financial contribution of CAD 500,000 (around USD 393,000) in an effort to ...

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Gallery: Ship Suffering Engine Failure Rescued off Scotland

A general cargo vessel broke down half a mile offshore in Sinclair’s Bay, Scotland, in the morning hours of ...

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Ophir Opts for Alternative Financing for Fortuna FLNG

Africa’s first deepwater FLNG project situated in Equatorial Guinea, Fortuna FLNG, has been faced with some ...

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France Turning to LNG as Marine Fuel, Bolstering Ports

The French state will modify its regulations to facilitate the uptake of liquefied natural gas (LNG) as a marine ...

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Euronav Sells Its Oldest VLCC

Antwerp-based tanker owner and operator Euronav has disposed of Artois, the oldest very large crude carrier (VLCC) ...

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First Stretched Breeze Ship Handed Over to Finnlines

Finland-based ro-ro and passenger services operator Finnlines has taken delivery of its first lengthened Breeze ...

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Iceland Accedes to Air Pollution Treaty

Iceland has ratified the International Maritime Organization (IMO) treaty covering the prevention of air pollution ...

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Indian Captain Lived Alone on Tanker for a Year

An Indian captain was left to his own devices for a year on board an oil tanker Hamed 2, which was abandoned by its ...

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MPC Container Ships Collects USD 175 Mn in Fresh Funds

In only 24 hours, Oslo-based containership owner MPC Container Ships raised around USD 175 million through a ...

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Uptake of LNG as Fuel Slower than Expected

In 2012, DNV GL predicted that by 2020, the LNG-fuelled fleet would comprise around 1,000 vessels. Three years ...

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Saudi Flag Raised on Bahri’s Fifth VLCC Newbuild

Saudi Arabia’s Public Transport Authority (PTA) has raised the country’s flag on Shaden, a very large ...

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Trump Administration Sanctions 20 North Korean Ships

In a latest wave of measures aimed at disrupting North Korea’s “illicit funding of its unlawful nuclear ...

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Paradise Papers: What They Really Mean for Shipping?

The release of the Paradise Papers, a global investigation that revealed the offshore activities of some of the ...

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StealthGas Offloads Two Oldies

As part of its fleet renewal strategy, LPG shipping company StealthGas has sold two of its oldest vessels, the ...

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Ship Finance International's Profit Up in Q3

Bermuda-based shipowner Ship Finance International (SFI) ended the third quarter of this year with a net income of ...

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Petronas, Partners Pen Ship-to-Ship LNG Transfer Deal

 Petronas LNG (PLL), a subsidiary of Petronas LNG Sdn. Bhd (PLSB), signed a two-year service agreement with Argo ...

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Spotted: Savannah Welcomes Four Giant Cranes

The Georgia Ports Authority welcomed the arrival of four massive ship-to-shore cranes at the Port of ...

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Milaha Sets Up Sri Lanka-Bangladesh Feeder Service

Qatar-based maritime transport and logistics conglomerate Milaha is launching a direct feeder service between Sri ...

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Nautilus: Budget Omission Disappointment for UK Seafarers

The UK could be left dependent on foreign shipping and workforces after further investment or incentives for ...

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CMA CGM’s LNG-Fuelled Behemoths to Fly French Flag

World’s third biggest container shipping major CMA CGM announced plans to register four of its 20,000 TEU + ...

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Wallem Takes Supramax Pair Under Its Wing

Hong Kong-based maritime solutions provider Wallem Commercial Services has added two new Supramax vessels to its ...

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BW LPG Inks Term Sheet for New USD 150 Mn Loan

Owner and operator of LPG vessels BW LPG is in the documentation stage for the refinancing of its existing USD 150 ...

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