Readers’ Picks of the Week (17th -21st of Nov)

Readers’ Picks of the Week (17th -21st of Nov)

Cargo Ship Sinks off Ecuador A 1,200 dwt general cargo vessel San Cristobal sank around 25 nautical miles off Santa Elena Peninsula, Ecuador, in the morning hours of November 16, the Ecuadorian Navy reports.…Read ...

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Fincantieri Teams Up with Carnival and CSSC

Fincantieri's Monfalcone shipyard

Italian shipbuilder Fincantieri has signed two memorandums of understanding (MoU), one with cruise liner giant ...

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Exmar Shelves IPO

Exmar Shelves IPO

Antwerp-based LNG and LPG carrier owner and operator Exmar has decided to delay the launch of the contemplated ...

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Pullmantur Increasing Capacity with Majesty of the Seas

Royal Caribbean's Majesty of the Seas

Cruise company Royal Caribbean Cruises Ltd. will transfer Majesty of the Seas from its Royal Caribbean ...

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Two More Icebreakers for Havyard

Havyard 843 Ice design

Havyard Ship Technology AS has signed a contract with an undisclosed international shipping company for the design ...

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Oldendorff Stretches Financing for Two Ultramax Newbuildings

Oldendorff Stretches Financing for Two Ultramax Newbuildings

German shipowner and operator Oldendorff Carriers has secured a 12-year financing extension for its two 60,500 dwt ...

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Carnival Cuts CO2 Emissions Ahead of Schedule

Royal Princess

Cruise giant Carnival Corporation & plc has met its corporate goal to reduce its rate of CO2 emissions from ...

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Tanker Market Flourishing, Dry Bulk Mostly Down

anker Market Flourishing, Dry Bulk Mostly Down

The Drewry All Earnings Index, which covers the main bulk shipping markets, jumped 53% in October to stand at 200 ...

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China Earth Fined for Queensland Garbage Disposal

China Earth Fined for Queensland Garbage Disposal

China Earth Shipping Incorporated was convicted of illegally discharging garbage and fined USD 20,000 in the ...

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Suezmax Tanker Market Strong

NAT CEO and Chair, Herbjørn Hansson

The recent drop in the oil price is positive for world tanker business, Herbjørn Hansson, Chairman & CEO of ...

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UNCTAD: Global Seaborne Trade Marks Modest Growth

UNCTAD: Global Seaborne Trade Marks Modest Growth

Reflecting stumbling growth in the world economy, world seaborne shipments grew by an average of just 3.8 per cent ...

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Navios Acquisition Sells Four VLCCs

Navios Acquisition Sells Four VLCCs

Navios Maritime Acquisition Corporation has sold four Very Large Crude Carriers (VLCC) to Navios Midstream for USD ...

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FMC Asking for More Info on TSA Proposal

Port of Los Angeles

The US Federal Commission plans to request additional information from the Transpacific Stabilization Agreement ...

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China and India to Account for 35Pct of Oil Trade

China and India to Account for 35Pct of Oil Trade

China and India will account for about 35% of global oil trade in the next ten to fifteen years, despite China’s ...

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US Coast Guard, EPA to Monitor Sulphur Emission Compliance

US Coast Guard, EPA to Monitor Sulphur Emission Compliance

The U.S. Coast Guard together with the U.S. Environmental Protection Agency (EPA) will soon take action to ensure ...

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BW LPG Positive about Market Outlook for 2015

BW LPG Positive about Market Outlook for 2015

Very large gas carrier (VLGC) owner and operator BW LPG is reaping the fruits of historically high rates on VLGC ...

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LPG Carriers Fearing Cold Winter in US

LPG Carriers Fearing Cold Winter in US

LPG exports are so dependent on the severity of winter in North America that all eyes are on the weather, as it hit ...

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UPDATE: MUA Scraps Strike Plans at New South Wales Ports

MUA Stages Industrial Action at New South Wales Ports

 The Maritime Union of Australia (MUA) has decided to suspend the industrial action scheduled for today at New ...

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Mauritius: Port Louis Poised for Upgrade

Illustration: Harbour Port Louis

Austrian construction company STRABAG, together with its partner Archirodon Construction (Overseas) Co. SA, has ...

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Norwegian Wraps Up Prestige Takeover

Norwegian Wraps Up Prestige Takeover

Cruise operator Norwegian Cruise Line Holdings Ltd. has completed its previously-announced acquisition of Prestige ...

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Seaspan Books Two Eco Ferries

Seaspan Books Two Eco Ferries

Canada’s Seaspan Ferries Corporation has contracted Sedef Shipyard of Istanbul, Turkey to build two new ...

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Carriers Suspending West Coast Surcharges

Port of Los Angeles Container Terminals

Seven carriers have decided to  suspend the announced congestion surcharges for cargo moving via U.S. West Coast ...

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World’s First FLNG Undocked in Nantong

World's First FLNG Undocked in Nantong

Caribbean FLNG facility has been undocked from the Wison Offshore & Marine dry dock in Nantong, China, marking ...

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Improved Freight Rates Boost Sovcomflot’s Earnings

Improved Freight Rates Boost Sovcomflot's Earnings

Russian shipowner Sovcomflot (SCF) recorded a net profit of USD 109.1 million for the first nine months of 2014, a ...

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Cargo Ship Sinks off Ecuador

Cargo Ship Sinks off Ecuador

A 1,200 dwt general cargo vessel San Cristobal sank around 25 nautical miles off Santa Elena Peninsula, Ecuador, in ...

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