LNG as Fuel Perfect Bridge until 2050

Forward Ship CEO, Alexander P. Panagopulos

Alexander P. Panagopulos, CEO of Forward Ships: LNG as marine fuel is the future.

Shanghai Salvage Starts Removing Kea Trader Debris from Reef

Shanghai Salvage Company (SSC) started recovering debris from the reef where Kea Trader ran aground a year ago.

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Bulker Banned from Australian Ports for Underpaying Crew

Shandong Hai Wang

Hong Kong-flagged bulker MV Shandong Hai Wang has been banned from Australian ports for 12 months.

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CMA CGM Clears Regulatory Hurdles for Investment in CEVA


CMA CGM has obtained all regulatory approvals to complete its investment in Swiss logistics company CEVA.

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India Fines South Asia LPG for Anticompetitive Conduct


India has fined South Asia LPG for abuse of dominant position for terminalling services at Visakhapatnam Port.

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Port of Virginia Delivers 4th Consecutive Year of Growth


Port of Virginia's volumes increase to 2.8 million TEUs during fiscal year 2018, mainly due to a rise in imports.

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Canada's HEA, ILA Reach New Labour Contract


Halifax Employers Association, International Longshoremen’s Association ratify a tentative new labour contract.

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Nakilat Sees Higher First-Half Profit

Qatar-based shipping company Nakilat reported a 9 percent profit increase for the first half of this year. 

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Thoresen Sells Handymax Oldie

Thailand's Thoresen Thai Agencies has disposed of Thor Enterprise, a 42,500 dwt bulk carrier.

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NOC Lifts Force Majeure at Libya's Four Ports


National Oil Corporation is lifting force majeure at Libya's ports of Ras Lanuf, Es Sider, Hariga and Zuetina.

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China Ocean Industry, Partners to Create Shipbuilding JV

China Ocean Industry agrees with a company listed on SGX and Wuxi Tianshi Education Goods to establish a shipbuilding JV.

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I.M. Skaugen Unveils Massive Court Dispute with Teekay

I.M. Skaugen has revealed a massive legal process with a former partner in the gas market, Teekay LNG Partners.

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LNG Bunkering Project Gets Support from Japanese Gov't

Japan awards a subsidy for a project aimed to support the LNG bunkering in Tokyo Bay.

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Container Prices to Squeeze Leasing Rate Returns


Drewry: Container equipment rental rates and cash investment returns remain weak, despite last year's recovery.

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IRClass Starts Issuing Electronic Certificates

Indian Register of Shipping has started issuing electronic certificates to all of its classed vessels.

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Scenic Eclipse Launch Delayed by Five Months


Scenic has informed that the launch of Scenic Eclipse has been pushed from late August 2018 to late January 2019.

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Fire Hits Bulker in Dordrecht, Netherlands

A fire breaks out on an ocean-going vessel at Mallegat-Noord in Dordrecht, the Netherlands.

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MAN to Propel Pasha Hawaii's LNG-Fuelled Boxships

Pasha Hawaii containership

MAN is to provide propulsion systems for two LNG-fueled containerships being built for Pasha Hawaii.

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DryShips Sells VLGC Quartet and Two Panamaxes


DryShips has unveiled agreements to sell a number of its ships, including its four very large gas carriers (VLGCs). 

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CMA CGM Extends Charter for Diana Containerships' Unit


Diana Containerships, CMA CGM agreed to extend the present time charter contract for the Panamax vessel Domingo.

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Philippines Fears Oil Spill after Ship Runs Aground

Three holes have been detected in the hull of a cargo vessel which ran aground on July 8 off Agusan del Norte.

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BIMCO: 2018 Absolutely Horrible for Crude Oil Tankers


A historically bad crude oil tanker market is struggling to find solid support, BIMCO said in its latest report.

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Carnival Urged to Stop Using HFO on Cruise Ships in Arctic

Environmental groups call on Carnival Corporation to stop using HFO on ships traveling in Arctic waters.

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Enthusiasm for New Ship Orders Started to Wane

VesselsValue: Enthusiasm for ship orders has started to wane after over USD 10 billion were committed in 1Q of 2018.

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Diana Shipping Secures Charter for Panamax Bulker

Diana Shipping inks a time charter contract with Singapore's ST Shipping and Transport for one of its Panamax vessels.

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European Ports Want 'Polluter Pays' Principle Strengthened

European ports do not want to carry the costs of "unreasonable amounts" of garbage delivered by ships, according to ESPO.

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Hapag-Lloyd Dismisses CMA CGM Merger Reports

Hapag-Lloyd containership

Hapag-Lloyd dismissed reports that its French counterpart CMA CGM proposed a merger between the parties.

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Chinese Bank Provides Funding for Navibulgar's Newbuilds

The Export-Import Bank of China is to provide USD 94 million in financing for Navibulgar's six new bulk carriers. 

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