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New CEO Taking Helm at Seaspan in 2018
Hong Kong-based containership charter owner Seaspan Corporation will be headed by new Chief Executive Officer (CEO), Bing Chen, who will also be appointed to the Board of Directors in January, 2018. As informed, Gerry Wang will be retiring as CEO and Director of Seaspan effective November 3rd. Upon Mr. Wang’s retirement, Peter Curtis, executive vice […]Posted On:1-Nov-2017
Credits: worldmaritimenews.com |
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ACCC: Competition at Australia’s Container Ports Set to Heat Up
Competition between stevedoring companies at Australia’s three largest container ports is set to intensify as there are three stevedores competing at Sydney, Melbourne, and Brisbane, a report from Australian Competition and Consumer Commission (ACCC) finds. The fiercer competition is being announced despite a rise of stevedoring operating profits per TEU worth over 25 percent in […]Posted On:1-Nov-2017
Credits: worldmaritimenews.com |
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OOCL Most Reliable Carrier in Q3
In the third quarter of 2017 Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) was the most reliable carrier with a schedule reliability score of 83.3%. Evergreen and Wan Hai were the second most reliable carriers scoring 82.5% each, followed by APL and HMM with 82.3% and 82.0%, respectively, according to the data provided […]Posted On:1-Nov-2017
Credits: worldmaritimenews.com |
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Safe Bulkers Back in Black
Monaco-based dry bulk shipping specialist Safe Bulkers managed to return to profitability in the third quarter of 2017, after seeing losses for an extended period. In the three months ended September 30, the company’s net income reached USD 6.7 million as compared to net loss of USD 24.5 million reported during the same period in […]Posted On:1-Nov-2017
Credits: worldmaritimenews.com |
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Brokers: Nisshin Splashing Over USD 600 Mn on Newbuilds
Japanese shipping company Nisshin Shipping has been tied to an order for up to 25 new ships at Chinese and Japanese shipbuilders as the company pushes forward with its ambitious fleet modernization plan. The order, estimated to be worth around USD 666 million, includes four small chemical tankers, seven Ultramax bulk carriers, and 14 Panamax bulkers, data […]Posted On:1-Nov-2017
Credits: worldmaritimenews.com |
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San Juan s Cruise Industry is Back in Business
Tourists and cruisers are watching closely as Puerto Rico recovers from the effects of Hurricane Maria, and the cruise industry is providing regular updates on the status of infrastructure and amenities on the island. The news is largely positive: cruise lines have already returned to Old Town SanPosted On:1-Nov-2017
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Aegean Pulls Out from Physical Supply Market in Singapore
Marine fuel logistics company Aegean Marine Petroleum Network has decided to exit the Singapore market as a physical supplier as of January 2018, after almost 11 years, amid pressure from competition. However, the company said that it would keep a trading presence in the Singapore market by continuing to employ a team of traders and support staff who will support its clients in […]Posted On:1-Nov-2017
Credits: worldmaritimenews.com |
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Half of 2017 Orderbook Still to Be Delivered
The shipbuilding industry has handed over only a half of the 2,440 vessels which have deliveries dates scheduled for 2017, VesselsValue unveiled the data. Out of the scheduled deliveries, only 1,220 have hit the water so far this year, meaning 50% of the 2017 orderbook is outstanding as the final nine weeks of the year approach. VesselsValue […]Posted On:1-Nov-2017
Credits: worldmaritimenews.com |
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Euronav Remains in the Red
Due to the challenging freight market, Antwerp-based tanker owner and operator Euronav recorded a net loss of USD 28.1 million in the third quarter of 2017, compared to a net profit of USD 0.1 million in the same period a year earlier. The company remained in the loss as it also posted a net loss […]Posted On:1-Nov-2017
Credits: worldmaritimenews.com |
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Breaking: CSET to Order 14 New Tankers
The Board of Directors of COSCO Shipping Energy Transportation (CSET) has approved an investment in 14 new tankers, the company said in a regulatory filing. As informed, Dalian Shipbuilding will be in charge of constructing four new ships of 32,000 dwt and three crude oil tankers of 160,000 dwt. CSSC Offshore & Marine Engineering (Group) […]Posted On:1-Nov-2017
Credits: worldmaritimenews.com |
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Troubled bulk carrier under tow to Hawaii
Oct 31 Update: Five Oceans Salvage was contracted to tow bulk carrier to Honolulu for repairs. AIS of the tug MANUOKEKAI (IMO 7722061) emerged nearby on Oct 31, understood she’s towing bulk carrier, ETA Honolulu Nov 3.Posted On:1-Nov-2017
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Salvage Plan Approved for Grounded Bulk Carrier in Germany
The owners of the grounded bulk carrier Glory Amsterdam have hired a salvage company to pull the ship off the beach in Germany, but it could be days before any refloat attempt is made, German officials said Tuesday. Germany’s Central Command for Maritime Emergencies (CCME) reported Tuesday that a salvage plan has been approved and assets […]Posted On:1-Nov-2017
Credits: feedproxy.google.com |
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Sailors Lost at Sea for 5 Months Had EPIRB On Board -Coast Guard
Two Hawaiian women who were rescued from their disabled sailboat in the Pacific Ocean last week have admitted to having an EPIRB on board that was never activated, the U.S. Coast Guard has said. The women, along with their two dogs, were rescued on October 25 by the crew of the USS Ashland after they […]Posted On:1-Nov-2017
Credits: feedproxy.google.com |
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