Owners Not Ready to Give Up Control to Smart Ships

Orca AI: Maritime industry slow at adapting solutions vital to avoiding collisions.

ICTSI Increases 2018 Profit, Cautiously Optimistic for 2019

Batumi, Georgia, terminal

ICTSI's profit was boosted by the increase in TEU volume.

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Creditors to Get Majority Control of Hanjin Heavy

money

Lenders will obtain majority control of the Hanjin Heavy Industries & Construction.

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Whitepaper: IMO 2020 Regulation to Drive Freight Rates up

Seabury Maritime

The IMO 2020 poses an increase too significant for carriers to absorb and stay operational, the report says.

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Genco Secures Financing for Scrubber Installations

Finance

Genco Shipping closed financing for scrubber installations on 17 of the company's Capesize vessels.

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Port of Tyne Secures Funds for Infrastructure Projects

shipping

The Port of Tyne -- a deep sea port in the UK -- secures a USD 78.7 million refinancing package from Lloyds Bank.

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CMA CGM Unveils Massive Cost-Cutting Plan

cma-cgm

CMA CGM launching a USD 1.2 billion cost reduction despite record revenues in 2018.

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ZPMC Invests in COSCO to Enhance Business with Terminals

cosco

ZPMC acquiring USD 62.8 million worth of COSCO shares. 

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Jinhui Ends 2018 in Black after Shedding Four Supramaxes

Jinhui Shipping; Supramax

The four vessels were sold for a price of USD 32.5 million, bringing in a net gain of USD 5.4 million.

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Spliethoff Secures Loan for 22-Ship Scrubber Retrofit

Spliethoff ING EIB Scrubber Loan

The loan is financed by ING and the European Investment Bank.

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SFL: USD 1.2 Bn Invested in New Vessels in 2018

containership

SFL: USD 1.2 billion of new investments in 2018.

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Flex LNG Fetches USD 250 Mn Loan for Newbuilding Duo

Finance

Flex LNG secured a USD 250 million loan for the financing of its two newbuildings delivering in 2019.

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Readers' Picks of the Week

Take a look at last week's most popular articles.

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Scorpio Bulkers Agrees Refinancing for Kamsarmax

Financing

Scorpio Bulkers agreed a financing deal related to one of its Kamsarmax vessels.

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Navios Holdings Sells Bulker, Widens Loss

Navios Maritime Holdings bulker

The 50,316 dwt bulker was sold to an unnamed buyer in February this year.

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Safe Bulkers on Track with Scrubber Installation Plans

Safe Bulkers

The company plans to install scrubbers in almost half of its fleet.

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Nordic American Tankers Shrinks Quarterly Loss

NAT

NAT wrapped up the fourth quarter of this year with a net loss of USD 10.5 million.

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DSME Workers Agree to Go on Strike over Hyundai Takeover

The precise date for the strike would be determined at a later point in time.

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Hunter Launches Tender Offer to Complete Merger with NCF

dollar

Hunter Maritime Acquisition commences a tender offer to complete a merger with NCF Wealth Holdings.

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NAT Lands USD 306 Mn Loan

NAT

The company says the financing will continue to secure a competitive cash break-even rate for NAT.

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CMA CGM Launches CEVA Logistics Takeover

CMA CGM containership

CMA CGM launched its public tender offer for CEVA Logistics' shares on February 12.

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FSL Inks USD 25 Mn Bridging Loan to Fund LR2 Pair

Money

FSL Trust has secured a USD 25 million bridging loan to finance its LR2 product tanker newbuildings.

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MSC Cruises Fetches USD 2.8 Bn to Finance New Ships

MSC Meraviglia

MSC Cruises secured a USD 2.8 billion financing for three new vessels being built by Chantiers de l'Atlantique.

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Ardmore Refinances Seven, Disposes of Two Ships

Ardmore Shipping

Ardmore Shipping refinanced seven vessels and agreed to sell two units during the fourth quarter of 2018.

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2020 Bulkers Raises USD 3 Mn for Yard Instalments

Money

2020 Bulkers raised USD 3 million for yard instalments related to eight Newcastlemax vessels at a Chinese shipyard.

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VEB Group to Finance Three More Sovcomflot Tankers

Sovcomflot

Medvedev: VEB Group is to finance the construction of three more tankers for Sovcomflot.

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NORD/LB Sells USD 3 Bn Ship Portfolio

shipping money

NORD/LB selling one of its ship financing portfolios to an unnamed investor for around EUR 2.7 billion.

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Hapag-Lloyd Pays Off Bond Early

hapag-lloyd

Hapag-Lloyd to partially redeem USD 195.1 million of its senior note on February 11, 2019.

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