Swedish partners Stena Bulk and Concordia Maritime have confirmed a ten-tanker newbuilding splash in China, including options.
Chemical tanker coup
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Pallas picks Akdeniz
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Samudera sells bulker
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DP World banks $138m
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Densa cape for George
Densa Shipping has found work for its latest capesize newbuilding with George Economou’s Classic Maritime, brokers say.
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Maersk seals Statoil gig
Maersk Drilling has secured a potential three-year charter from Statoil for one of its jack-up drilling rigs.
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Ultrabulk orders ECO ship
Ultrabulk is the latest shipowner to join the ECO-design bulker newbuilding bandwagon with orders for up to two ships.
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NOL completes cutbacks
Neptune Orient Lines (NOL) says it has completed the organisational restructuring plan unveiled in May.
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Japan eyes Iran bookings
Japanese shipowners are expected to charter out two VLCCs to lift Iranian crude in late July, the first bookings since EU sanctions created a P&I headache.
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Pallas wins charter cash
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Traf boosts LPG presence
Trafigura has expanded its presence in Africa’s LPG business with the acquisition of a terminal in Senegal.
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Stolt strong in second
Stolt-Nielsen’s second quarter results have stacked up well against market expectations.
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Sanko to defend assets
Bankrupt Japanese shipowner Sanko Steamship has vowed to take whatever legal action necessary to protect its assets from creditors worldwide.
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Win win for Yuanlin
Relocation of Yangzijiang Shipbuilding’s Jiangsu yard has played into the hands of the Singapore-listed company, analysts say.
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Windfall proves costly
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Boson no help for bulk
There are lots of Higgs bosons around but the discovery that is making headlines around the world appears to offer no short term solution to the crisis in dry bulk shipping.
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DFDS clicks into gear
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Dockwise into the 90s
Dockwise has tightened its grip on Faristar after grabbing another batch of shares in its rival.
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Cargoship lost off India
A Maldivian vessel has been arrested after a towing operation led to another cargoship sinking off India.
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OCBC praises NOL efforts
A combination of higher freight rates, lower bunker prices and tough cost cutting measures should spell a turnaround in fortunes for Neptune Orient Lines, an analyst has said.
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