Bondholder drops challenge to Rickmers Maritime fleet sale

.The sale of Rickmers Maritime Trust's fleet had been unexpectedly thrown into doubt. .A Rickmers Maritime Trust bondholder Wednesday dropped his legal challenge to the bankrupt Singapore-based company’s sale of its containership fleet to Greek ship owner Navios Partners. .“The plaintiff has on the 17 May 2017 withdrawn his application and discontinued......
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Finnlines Reports Record-Breaking Q1 Performance

Finland’s RORO shipping company Finnlines, part of the Italian Grimaldi Group, said that it beat its record quarter performance by 35 percent in the first quarter of this year reaching EUR 11.2 million (USD 12.4 million). The Finnlines Group’s revenue totalled EUR 120.9 million, an increase of 14.9 per cent compared to the same period in the previous year....
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d’Amico Tankers Inks Sale, Leaseback for MR Ship

Italy-based shipping company d’Amico International Shipping (DIS) revealed that its subsidiary d’Amico Tankers entered into a sale and leaseback deal for its 49,990 dwt medium-range product tanker vessel MT High Fidelity. Under the memorandum of agreement and bareboat charter contract, the tanker, built in 2014 by Vietnam’s Hyundai-Vinashin Shipyard, would be sold for a consideration of USD...
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Second Kamsarmax Joins DryShips’ Fleet

Athens-based dry bulk shipowner DryShips has taken delivery of the previously announced 81,129 dwt Kamsarmax drybulk carrier. The 2014-built vessel will be employed in the spot market, according to its new owner. In mid-April, the Greek owner entered into agreements with unaffiliated third parties to buy three Kamsarmax drybulk carriers, all of which were built in...
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Hapag-Lloyd: Merger with UASC on Track to Complete by End of May

Everything is on track for the merger between Germany’s shipping line Hapag-Lloyd and United Arab Shipping Company (UASC) to be finalized by the end of May, Hapag-Lloyd’s Spokesperson told World Maritime News. The statement was given on the back of media reports that the merger has already been signed off and that the official confirmation will...
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JD.com ramps up use of China-Europe rail

.China's online retail giant JD.com fulfilled orders in the first quarter reaching 477.1 million. Credit: JD.com .China’s largest online retailer JD.com is the latest freight shipper to report rising volume on the eastbound leg of the China-Europe rail route and is growing its use of the intercontinental land bridge.The e-commerce giant,......
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Interview: IMO's Hughes talks sulfur cap, quashes talk of a delay

Interview: IMO's Hughes talks sulfur cap, quashes talk of a delayPlatts"The Party can require the ship to 'present a record of the actions taken to attempt to achieve compliance.' However, a ship should not be required to deviate from its voyage nor should they be delayed unduly in order to achieve compliance. The US has ......
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Online retail giant ramps up use of China-Europe rail

.China online retail giant JD.com's fulfilled orders in the first quarter reached 477.1 million. Credit: JD.com .China’s largest online retailer JD.com is the latest freight shipper to report rising volume on the eastbound leg of the China-Europe rail route and is growing its use of the intercontinental land bridge.The e-commerce giant,......
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Eight Dragon Vessel Joins INEOS’ Fleet

JS Ineos Invention, the final of eight Dragon Class vessels ordered from China’s shipyards by Danish shipping company Evergas, has been delivered to its charterer INEOS. Back in 2013, Evergas ordered four identical vessels from the Sinopacific Offshore & Engineering shipyard in Qidong, China. The order was further expanded to eight vessels. Six ships from the...
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