Demand for Global Shipping Industry to Dwindle?

Demand for Global Shipping Industry to Dwindle?

The global shipping industry will see lower demand in coming years, all other things being equal, than was previously expected due to fragile and uneven global recovery, according to BIMCO. According to  the latest ...

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Pan Ocean Up for Grabs

Pan Ocean Up for Grabs

South Korea-based bulk shipper Pan Ocean Co Ltd, formerly STX Pan Ocean, has been put up for auction, Reuters ...

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Five VLCCs for CMES

Five VLCCs for CMES

China Merchants Energy Shipping (CMES) has placed orders for construction of four Very Large Crude Carriers ...

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China Awards Subsidies for Scrapping Old Ships

China Awards Subsidies for Scrapping Old Ships

Four Chinese shipping companies have received subsidies from the Chinese government worth a total of USD 293.3 ...

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Samsung Heavy Venturing Overseas

Samsung Heavy Venturing Overseas

South Korea’s Samsung Heavy Industries Co. (SHI) has revealed plans to spread overseas by establishing the ...

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VIDEO: Clash of the Giants

Clash of the Giants

Hapag-Lloyd’s vessel Colombo Express collided on Monday morning, September 29th with containership Maersk ...

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Mitsui Hires Five Ships for Exporting Cameron LNG

Mitsui Hires Eight Ships for Exporting Cameron LNG

Japanese-based trading house Mitsui & Co. said it was pushing forward with the procurement of eight LNG ships ...

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Readers’ Picks of the Week (Sep 22-28, 2014)

Readers’ Picks of the Week

Radioactive SUV Found Aboard Carrier in Vladivostok Customs officials at the Russian port of Vladivostok held up ...

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Update: Vale, Cosco Ink Iron Ore Shipping Deal

Vale, Cosco Ink Iron Ore Shipping Deal

Vale S.A. (Vale) and China Merchants Group signed in Beijing on September 26 a contract by which Vale will ...

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CHEC to Build Ashdod Port

CHEC to Build Ashdod Port

China Harbour Engineering Company (CHEC) has been chosen to build a new port in Ashdod, The Times of Israel ...

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Scorpio Tankers Forges Ahead with Fleet Expansion

Scorpio Tankers Forges Ahead with Fleet Expansion

Monaco-based tanker owner Scorpio Tankers Inc has taken delivery of four newbuilding vessels and agreed to time ...

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Containerships to Pioneer LNG Shortsea Shipping in Europe

Containerships to Pioneer LNG Shortsea Shipping in Europe

Finnish cargo shipping company Containerships has ordered two additional dual-fuel engine container ships ...

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Maersk Line to Spend USD 3 Bn a Year on Newbuildings

Maersk Line to Spend USD 3 billion a Year on Newbuildings

Maersk Line plans to set aside close to USD 3 billion a year for the period 2015-2019 to finance ...

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Ten More for Cosco

Ten More for Cosco

China Cosco Holdings Co (CCHC) said it has entered into deals for a total of ten boxships worth USD 420.4 million. ...

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2M Damaging to World Trade, European Shippers Say

2m damaging to world trade

The European Shippers Council (ESC) has pulled the alarm bell about the excesses that could be caused by the Vessel ...

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Confidence in Shipping Industry Strong despite Minor Slip

Confidence in Shipping Industry Strong despite Minor Slip

Overall confidence levels in the shipping industry fell slightly during the three months to August 2014, according ...

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USD 324 Mln Secured for World’s First LNG Powered ...

funding secured for world's forst lng powered containerships

A USD 324.6 million Title XI loan guarantee has been approved to TOTE Shipholdings to finance the construction of ...

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Gibson: Major VLCC Players Active in Newbuilding Market

Major VLCC Players Active in Newbuilding Market

The 2014 had been a much more rewarding year for owners than 2013 with positive spikes seen in the spot market and ...

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Maersk CEO Meeting with Chinese Authorities on 2M

Maersk CEO Meeting with Chinese Authorities on 2M

Chief Executive of Danish container shipping company Maersk Line, Soren Skou, is in China paying visits to local ...

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Maersk, MSC Call US Regulator to Approve 2M

Maersk, MSC Call US Regulator to Approve 2M

Senior executives representing shipping giants Mediterranean Shipping Company (MSC) and Maersk Line are in ...

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How Will Scottish Independence Impact Maritime Industry?

How Will Scottish Independence Impact on Maritime Industry

The long-awaited vote on the Scottish independence taking place today has seen international maritime players raise ...

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Cosco Books Five Mega Container Ships

Cosco Books Five Mega Container Ships

China Cosco Holdings Co (CCHC) has placed an order for the construction of five giant 14,500 TEU container ships , ...

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China JV Invests into Sri Lankan Hambantota Port

China Invests into Sri Lankan Hambantota Port

Sri Lanka Ports Authority (SLPA) has agreed on key terms of Supply, Operate and Transfer agreement (SOT) with China ...

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Maersk Raises USD 1.25 Bln in Bond Offering

Maersk Raises USD 1.25 Bln in Bond Offering

Danish shipping giant Maersk has raised USD 1.25 billion in two bond offerings. The net proceeds will be used for ...

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Drowning of 500 Migrants in the Med Deliberate, Survivors Say

Drowning of 500 Migrants in the Med Deliberate, Survivors Say

Over 500 migrants are believed to have been deliberately drowned by human traffickers this weekend in the ...

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