Drewry: Alliance Reshuffle Comes amid Weaker Demand

The new alliance set-up coincides with a weak start to the year for headhaul volumes from Asia to West Coast North ...

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Sewol Wreck to Be Transported to Mokpo on March 30

The wreck of the ferry Sewol, which was lifted last week following overnight salvage operations, is expected to ...

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Japan’s Trio Gets Nod for Container Shipping JV

The Competition Commission of Singapore (CCS) has granted its approval for the containership joint venture proposed ...

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DSME Workers Ready to Accept Wage Cuts, Propose Talks

Labor union of the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) is ready to accept ...

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BW LPG Inks Refinancing for Six Ex-Aurora Ships

Singapore’s gas carrier owner BW LPG Limited has signed a debt facility agreement of USD 290 million for the ...

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Filipino Pirates Take Two Crew from RoRo Ship

Armed pirates kidnapped two crewmembers from the Ro-Ro vessel Super Shuttle Roro 9 near Sibago island off the coast ...

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JERA, KOGAS and CNOOC Team Up on LNG Business

Japan’s energy company JERA has entered into a memorandum of understanding (MoU) with South Korean natural ...

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Korean Shipbuilders to Resume Building Container Cranes?

South Korean shipbuilders could see a return to the container crane market, Yonhap News Agency cited industry ...

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Cosco Shipping Earns Less amid Market Imbalance

Cosco Shipping International (Hong Kong) has seen its profit for the year ended December 31, 2016 plunge by 29 ...

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India's Deepening Project to Make Room for Larger Boxships

In an effort to attract containerships of up to 12,500 TEUs at the Jawaharlal Nehru Port Trust (JNPT), ...

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Spotted: Final MC-Class Newbuild Handed Over to BigRoll

The Netherlands-based BigRoll Shipping has taken delivery of BigRoll Beaufort, the last of four Module Class ...

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Creditors Unveil USD 2.6 Bn of Fresh Funds for DSME

The creditors of financially troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) ...

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China Fines Vessel for Violating Sulfur Cap Regulation

Maritime Safety Administrations (MSAs) in Chinese Hebei Province and Tianjin Municipality have fined a foreign ...

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Oldendorff Carriers Converts Bulk Carrier to Transloader

German shipowner and operator Oldendorff Carriers has decided to convert its bulk carrier Tete Oldendorff to a ...

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South Korea Lifts Sewol Wreck

The South Korean government managed to lift the wreck of the ferry Sewol in the morning hours of March 23 following ...

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iContainers: New Alliances to 'Shake Things Up'

New shipping alliances set to come into effect next week will lead to a shortage of options for freight forwarders, ...

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Owners Sending Fewer Ships to Scrapyards

Shipowners’ interest is being diverted away from the recycling market with secondhand vessel values rising, ...

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Global Box Volumes Prosper in Late 2016

Following a slow first half of 2016, port throughput rebounded in the second half of the year pushing the global ...

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Shipping Confidence Steady amid Fierce Competition

Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping ...

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Three Missing after Tanker Explodes off China

Three seafarers are missing, while 13 others have been rescued after their tanker Xing Long Zhou 569 exploded on ...

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Report: HHI to Close Another Dry Dock in Ulsan

Pressured by a slump in new shipbuilding orders, the South Korean shipbuilder Hyundai Heavy Industries (HHI) ...

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UK Turns to China to Boost Maritime Ties ahead of Brexit

The UK is steering its way to China to foster maritime ties ahead of the looming triggering of Article 50 which ...

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COSCO Dalian Delivers Babylon

COSCO (Dalian) Shipyard, a subsidiary of COSCO Shipyard Group, has delivered Babylon, an oil tanker newbuilding, to ...

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Warranty Surveyors to Reduce Cargo Shifting Risk

Due to a recent increase in the incidence of deck cargoes shifting in heavy weather, the London P&I Club said ...

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Thieves Board Maersk Aegean off Indonesia

Robbers boarded a product tanker owned by Danish Maersk Tankers and stole equipment while the vessel was at anchor ...

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Bank Gives Rickmers Maritime Deadline for Restructuring Plan

German HSH Nordbank has provided Singapore’s containership owner and operator Rickmers Maritime with a ...

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