Korea Line Orders Supramax Bulker Duo

South Korea’s shipping company Korea Line Corp has ordered two bulk carriers from an undisclosed shipbuilder ...

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ZIM Reschedules USD 115 Mn of Debt Payments

Israel’s cargo shipping company ZIM Integrated Shipping Services has reached an agreement with its creditors ...

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Agility Joins Maersk Line's Carbon Pact Challenge

Switzerland’s logistics provider Agility Logistics has signed an agreement with Danish shipping giant Maersk ...

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Moody's Downgrades Nord/LB Ratings

The ratings of the German shipping bank Norddeutsche Landesbank GZ (NORD/LB) and its subsidiary Deutsche ...

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Shipping to Join 2030 Emissions Target via ETS Climate Fund?

A proposal to include emissions from shipping in the European Union’s 2030 emissions reduction target through the ...

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Golar LNG's Loss Widens in 2Q

Liquefied natural gas (LNG) shipping company Golar LNG reported a net loss of USD 99.5 million in the second ...

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Navios Holdings Plans to Further Reduce Its Expenses

Greek dry bulk shipping company Navios Maritime Holdings reported its quarterly net loss at USD 26.4 million, ...

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Norsepower Gets Funds for World's Largest Rotor Sail

Helsinki-based provider of auxiliary wind propulsion systems Norsepower Oy will receive EUR 2.6 million (USD 2.9 ...

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Demand Growth in Asia-North Europe Trade Remains Muted

Headhaul demand growth in the Asia-North Europe trade remains muted and this year’s third quarter peak season is ...

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Lauritzen Narrows Loss, Confirms Newbuilding Sales

Danish shipping company J. Lauritzen has confirmed that it opted to sell two Supramax bulk carrier newbuildings and ...

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Expanded Panama Canal Handles 100th Vessel

The Panama Canal handled its 100th transit through the expanded waterway on August 14, just one day before ...

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MSI: Future Shipping Cycles to See Structural Change

Excess shipyard capacity and a slowing but still considerable orderbook are the negative factors overhanging ...

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NAT's Earnings Decrease Despite Larger Fleet

Bermuda-based tanker owner Nordic American Tankers (NAT) has seen its operating cash flow drop to USD 40.7 million ...

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OOIL Plunges to Loss amid Challenging Market

Hong Kong-based Orient Overseas (International) Limited, a parent company of Orient Overseas Container Line (OOCL), ...

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RBS' Shipping Impairment Provisions at USD 585 Mn

As challenging market conditions persisted in the shipping sector during the first half of 2016, the Royal Bank of ...

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Wilh. Wilhelmsen’s Returns Not at Satisfactory Level

Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen Holding (WWH) has seen an increase in total income and ...

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OPDR Adds More Calls to Its CISS Service

Hamburg-based Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) optimized its Canary Islands and Iberian ...

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Container Port Operators Eye Mergers and Acquisitions

Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports ...

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Japan's Big Three Slash Full Year Outlook

Due to the persistent weakness in freight rates, Japan’s big three shipping companies Nippon Yusen Kabushiki ...

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Moore Stephens: Shipping to Disclose or Risk Being Exposed

The shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to ...

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Drewry: Brexit to Prompt Change in UK's Imports-Exports Mix

The UK’s decision to leave the European Union would probably lead to a change in the mix, as the UK could switch ...

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