JP Morgan Tied to Bulker Purchase

JP Morgan Global Maritime is said to have set sights on buying the 2012-built Supramax bulk carrier Ocean Symphony. ...

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Wan Hai Boosts China-Vietnam-Thailand Links

Taiwan’s shipping company Wan Hai Lines revealed plans to expand the service network on ...

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Gibson: MR Segment Sees Positive Developments

Although the overall performance in the product tanker market remains disappointing, some positive dynamics have ...

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Multipurpose Prospects Continue to Strengthen

Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions ...

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BIMCO: Ordering Activity Ramps Up in H1

The newbuild activity for the first half of 2017 has surpassed the same period last year by 20%. A total of 5.9 ...

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Cheniere Kicks Off Sabine Pass LNG Supply to Kogas

 Cheniere Energy has marked the start of its 20-year Sales and Purchase Agreement (SPA) to supply U.S.-sourced LNG ...

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Tanker Ocean Mare Arrested in Singapore

The 2006-built crude oil tanker Ocean Mare has been arrested in Singapore, most likely due to unresolved ...

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EST Tied to MR2 Quartet Order

Greece-based Enterprises Shipping & Trading (EST) has reportedly ordered four MR2 tankers at STX Offshore ...

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Maersk Gibraltar Becomes Largest Vessel to Call Pipavav

On June 16, the 10,100 TEU Maersk Gibraltar arrived at APM Terminals Pipavav in India, marking both the first call ...

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COSCO Spending USD 1.7 Bn on 14 ULCVs

China COSCO Shipping Corp has embarked on a major shopping spree, adding 14 ultra large containership newbuilds to ...

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ZIM Adds 11,000 TEU Boxship Newbuilding to ASE Service

Israel’s shipping company ZIM has deployed the 11,000 TEU newbuilding Cape Sounio in its Asia South America ...

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ABTO: Liquefaction Testing Is Inadequate

The Association of Bulk Terminal Operators (ABTO) has called for a complete overhaul of the cargo sampling and ...

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Korea Line Clinches LNG Shipping Deal from KOGAS

Korean shipping major Korea Line Corporation (KLC) has secured a KRW 1.27 trillion (USD 1.1 billion) contract to ...

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Traffic Growth in Ports to Remain Muted

Traffic growth in the ports sector is likely to remain well below historical levels for the foreseeable future, due ...

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Greenship Bulk Trust to Shut Down Its Business

Singapore-based Greenship Bulk Trust has decided to close down its business following the delivery of its last ...

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Oceangold Linked to MR2 Tanker Order

Greece-based shipping company Oceangold Tankers has reportedly placed an order for a pair of MR2 tankers at the ...

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Military Rescues Seafarer of Royal 16 Kidnapped in November

Philippine government troops have rescued one crew member of the Vietnam-flagged bulk carrier Royal 16 who was held ...

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USCG Issues Updated BWMS Approval to Sunrui

The United States Coast Guard (USCG) Marine Safety Center has issued an updated type approval certificate to ...

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ABS Grants Approval to Chiyoda’s FLNG Power Plant Concept

Houston-based classification society ABS has granted Approval in Principle (AIP) for a floating LNG power plant and ...

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Muted Impact of Qatar Crisis on LNG Sector

The severing of diplomatic ties between Qatar and its neighbors in the Gulf has caught the market off guard, ...

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Maritime Industry Needs Better Data Sharing, Collaboration

The maritime industry and broader ocean supply chain are suffering from major and costly inefficiencies due to ...

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Carrier Reliability Up in May

Carriers’ overall on-time schedule reliability improved 4.7%, increasing from 58.6% in April 2017 to 63.3% in ...

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Report: Ocean Longevity Orders 3 Bulkers at Oshima, Sasebo

Hong Kong-based shipping company Ocean Longevity has been tied to the order of three Panamax bulk carriers at two ...

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OOIL Denies Reports on OOCL Sale Talks

Orient Overseas International Ltd (OOIL) has refuted media reports which inform that the company is involved in ...

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Capacity Cuts Crucial in Container Shipping Recovery

Despite a modest increase in freight rates seen in 2017, a sustainable recovery in the container shipping market ...

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Teekay's 1st LNG Carrier Built in China Aces Sea Trials

Pan Asia, the first of four 174,000 cbm Tri-Fuel Diesel Electric (TFDE) liquefied natural gas (LNG) carrier ...

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