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Panamax rates to rebound slightly next week

Panamax rates to rebound slightly next week

Rates for panamax dry bulk carriers on key Asian freight routes are expected to rebound slightly over the next week as intra-Asia coal activity drives a short-term recovery.

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Phasing out of single hull vessels in Nigeria

Phasing out of single hull vessels in Nigeria

The Nigeria oil and gas sector which is the main stay of the economy requires huge shipping and logistics services for its smooth operation. Oil tankers transport some 1,800 million

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Pirates’ Libya War Spoils

Pirates’ Libya War Spoils

Is the Libyan war claiming casualties as far away as the Indian Ocean, the Arabian Sea, and the Gulf of Aden? That is the implication of this week’s report from the International Maritime Organization,

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Why Shipping Stays Offshore

Why Shipping Stays Offshore

A small article in Wall Street Journal brings back memories.In the article, John Coustas, CEO of container operator Danaos Corporation, reflects on the things that went wrong.

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Singapore Fuel-Oil Stockpiles Rise 12% to Three-Week High

Singapore Fuel-Oil Stockpiles Rise 12% to Three-Week High

Residual-fuel inventories in Singapore, Asia’s biggest oil-trading and storage center, climbed 12 percent to the highest in three weeks, according to a unit of the Ministry of Trade and Industry.

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Hyundai Steel sees orders from 3-4 Japanese shipbuilders

Hyundai Steel sees orders from 3-4 Japanese shipbuilders

Hyundai Steel , South Korea's second-biggest steelmaker after POSCO, said on Thursday that it expected to secure orders from three to four Japanese shipbuilders in the second half.

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China joins world LNG carrier market

China joins world LNG carrier market

China, already the world's biggest shipbuilder, has moved into the top ranks of the business by winning its first overseas order for liquefied natural gas (LNG) carriers.

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Bangladesh: Ship-breaking comes again to a halt

Bangladesh: Ship-breaking comes again to a halt

Prices of steel products, mainly that of mild steel (MS) rods are likely to soar in the country as the ship-breaking industry, the main source of the metal, is virtually out of operation for more than

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Hyundai Heavy Q2 profit drops but outlook positive

Hyundai Heavy Q2 profit drops but outlook positive

Hyundai Heavy Industries Co Ltd on Wednesday posted a 10 percent annual fall in second-quarter operating profit as non-core businesses such as electric systems weighed on sales. The world's

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China Bohai Shipbuilding to soon deliver 1st mega dry bulk ship

China Bohai Shipbuilding to soon deliver 1st mega dry bulk ship

China's Bohai Shipbuilding Heavy Industry will soon deliver its first mega bulk carrier to Berge Bulk, local media reported, a move that could put further pressure on the weak shipping sector grappling

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MOL Donates 6 Reefer Containers to Disaster Areas

MOL Donates 6 Reefer Containers to Disaster Areas

Mitsui O.S.K. Lines, Ltd. yesterday announced that the company has donated six 20-foot reefer containers to the Soma-Futaba Fisheries Cooperative Association as part of its support activities

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Israel, Turkey agree to Int'l Maritime Audit on pollution

Israel, Turkey agree to Int'l Maritime Audit on pollution

Showing maritime transparency will improve global perception, Ports Authority dir.-gen. says; Israel, Turkey first non-EU countries to sign deal. Talkbacks

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Crude Oil-Tanker Surplus Swells in Middle East, Survey Shows

Crude Oil-Tanker Surplus Swells in Middle East, Survey Shows

The supply of oil tankers seeking 2 million-barrel cargoes of crude from Middle East ports expanded in the past week, according to a Bloomberg News survey of shipbrokers and owners.

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China Hudong-Zhonghua wins $1 billion LNG ship orders

China Hudong-Zhonghua wins $1 billion LNG ship orders

Shanghai's Hudong-Zhonghua Shipbuilding has signed orders to build four liquefied natural gas (LNG) carriers worth about $1 billion from joint ventures of Japan's Mitsui OSK Lines (MOL),

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Hyundai Heavy H1 2011 orders up by 82pct YoY

Hyundai Heavy H1 2011 orders up by 82pct YoY

Hyundai Heavy Industries Co, South Korea's leading shipbuilder, said that the value of its orders won in the first half of the year jumped 82% YoY due to increased demand for large and high

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Rotterdam port conducts study to build new railway yard

Rotterdam port conducts study to build new railway yard

A study to build a new railway yard in the outskirts of the Dutch city of Rotterdam has been selected by the EU for co-financing under the 2010 TEN-T Annual Calls with a grant of almost €1.5 million,

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Transiidikeskus wants to buy a terminal in the Riga Port

Transiidikeskus wants to buy a terminal in the Riga Port

Businessman Anatoli Kanayev-owned Estonian company Transiidikeskus AS plans to buy a terminal in the Riga Free Port to cope with growing cargo volumes, LETA/Äripäev.ee reports.

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Keppel Shipyard on track to deliver FPSO Aseng for Equatorial Guinea

Keppel Shipyard on track to deliver FPSO Aseng for Equatorial Guinea

Keppel Shipyard Ltd's (Keppel Shipyard) conversion of the FPSO Aseng is on track to complete. The FPSO will be operated by Aseng Production Company Ltd, a joint venture by SBM Offshore

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Export negotiation of plates for Korea for Q3 shipment to start soon

Export negotiation of plates for Korea for Q3 shipment to start soon

TEX reported that export negotiations on plates for shipbuilding for Korea has started for July to September 2011 quarter shipment since last month, but concrete negotiations are believed to start

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China: Tsuji Shipyard and GTRC Sign Contract for Two 37.000 DWT Bulk Carriers

China: Tsuji Shipyard and GTRC Sign Contract for Two 37.000 DWT Bulk Carriers

Bahamian shipowners Campbell Shipping Ltd. signed an order with Tsuji Heavy Industries (Jiangsu) Co., Ltd. located at Zhang Jia Gang, China for two 37,000 dwt double-hull log fitted bulk carriers,

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