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DP World buys back P&O Ferries for $421 mln
DP World has bought back British ferry and shipping freight operator P&O Ferries for 322 million pounds ($421 million), more than a decade after it sold it.DP World acquired the British shipping and logistics company in 2006 but soon sold off some assets, including P&O Ferries to its major sharehold
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Little Rock Port Authority Reports January Shipping
The Little Rock Port Authority (LRPA) and its stevedore partner, LSI, worked 39 barges and more than 58,000 net tons of cargo…
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Witherbys Releases ‘Ship Lay-up Guide’
Witherbys, in conjunction with BIMCO and International Shipcare, released the Ship Lay-up Guide this week.This new publication…
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Bunge Posts Q4 Loss as Trade War Hits Soy Prices
Global grains merchant Bunge Ltd reported a fourth-quarter loss on Thursday as fallout from the U.S.-China trade war dragged…
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A.P. Moller-Maersk Accelerates Transformation
Progress on the transformation of A. P. Moller - Maersk continued in 2018. Customers benefited from integrated offerings…
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Maersk Shares Fall on Trade War Fears
The world's largest container shipping company, A.P. Moller-Maersk, warned trade headwinds would slow growth this year, sending…
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Ports of Genoa Survives Setbacks
Notwithstanding the tragic incidents of the Morandi Bridge collapse and October’s violent sea storm, cargo throughput remains…
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Port Nelson CEO Martin Byrne to Stand Down
New Zealand's Port Nelson chief executive Martin Byrne has announced he will stand down from his position at the end of September.Byrne…
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Navios Names Two Directors
Monaco-based seaborne shipping company Navios Maritime Containers announced the appointment of Stefan Kuch and Vasilios…
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Yilport Oslo Breaks Container Record
Norway's largest container terminal Yilport Oslo handled a total of 238,000 containers (TEU) in 2018, an increase of 14%…
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Update: Maersk Honam Heads for Rebuild
The sound part of the vessel Maersk Honam, which was hit by a serious fire last year, is being transported to Hyundai Heavy…
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North P&I Club: 200mGT for 2019 Renewal
North P&I Club has concluded its 2019 renewal and for the first time in the Club’s 159-year history, is projecting total…
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India: Locally Built Ships Priority in Chartering
The government of India has revised guidelines for chartering of ships by providing the right-of-first-refusal (RoFR) to…
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Stena RoRo acquires Japanese RoPax
Stena RoRo has purchased the ferry Yamato from the Japanese shipping company Hankyu Ferry. The vessel will be rebuilt at…
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Hedge Funds Hunt for Shipping Debt
A growing number of hedge funds are moving into shipping debt, an asset class few…
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MJM Bags Largest-Ever Cruise Contract
Global marine outfitter, MJM Marine is undertaking its biggest-ever project which…
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Dry Bulk Market Looks Dull
Global dry bulk fleet utilization (calculated as total demand in tonne miles transported…
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Valles Orders New Tanker from SHI
The Hong Kong and Vancouver-based shipowner Valles Steamship has ordered a new 112…
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Gas4Sea, Equinor in LNG Bunkering Pact
Marine LNG Zeebrugge, a joint venture of the Gas4Sea partners - ENGIE, Mitsubishi…
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Ecochlor Wins BWMS Contract with ATC
Alaskan Tanker Company (ATC) will retrofit the Ecochlor ballast water management…
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