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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 .“The plaintiff has on the 17 May 2017 withdrawn his application and discontinued......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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SPMAGTF-SC Marines complete Marine Advisor Course - Marines.mil

Marines.mil (press release)SPMAGTF-SC Marines complete Marine Advisor CourseMarines.mil (press release)CAMP LEJEUNE, N.C. – Sgt. Travis R. Dipiazza, center, teaches room clearing techniques to role players during General Exercise 2 at Marine Corps Base Camp Lejeune, North Carolina, May 3, 2017. The Marines conducted the final rehearsal exercise of the ......
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Navios Maritime Holdings Inc. Announces the Date for the Release of First Quarter 2017 Results, Conference Call and ... - GlobeNewswire

TradeWinds (subscription)Navios Maritime Holdings Inc. Announces the Date for the Release of First Quarter 2017 Results, Conference Call and ...GlobeNewswire (press release)MONACO, May 17, 2017 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE:NM) announced today that it will host a conference call on Wednesday, May 24, 2017 at 8:30 am ET, at which...
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UNCTAD, MarineTraffic Join Forces on Global Trade Analysis

Ship tracking intelligence company MarineTraffic and the United Nations Conference on Trade & Development (UNCTAD) have signed a Memorandum of Understanding in an effort to provide more accurate analysis of global trade and shipping trends. Under the agreement, signed on May 16, 2017, UNCTAD and MarineTraffic will be sharing information and data that will enable the organisations...
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Ocean Alliance Connects Zeebrugge with Asian Ports

The Belgian port of Zeebrugge will now be linked with the Asian ports of Tianjin, Qingdao, Shanghai, Ningbo, and Yantian, China as well as Busan, Korea, through the weekly Ocean Alliance NEU4 service. Operated by French-based shipping major CMA CGM, the service was launched with the first call of the 13,380 TEU capacity APL Changi on May...
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Pirate Attack against Bulk Carrier Foiled in Gulf of Aden

The Liberian-flagged bulk carrier MV Lord Mountbatten was attacked by pirates on Tuesday, May 16 while under way some 230 nautical miles South-West of Salalah, the Gulf of Aden. Namely, the ship was approached by two suspicious mother vessels along with 7-8 skiffs, according to India’s Defence Ministry. However, the ship sent a distress call that was picked by the...
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Tanker Catches Fire in Kiel Canal

A fire broke out onboard product/chemical tanker Oraness while it was transiting the Kiel Canal in the evening hours of May 16, a representative of the Fire Department Suchsdorf confirmed to World Maritime News. The 79-meter-long vessel, unloaded at the time of the incident, was en route to Brunsbüttel from Aarhus. The fire occurred in...
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Tullow to boost TEN field output once maritime dispute resolved

Tullow to boost TEN field output once maritime dispute resolvedReuters AfricaACCRA May 17 (Reuters) - Tullow Oil plans to drill new wells and boost output at its TEN field off Ghana to 80,000 barrels a day once a maritime dispute between Ghana and Ivory Coast is resolved, Tullow's managing director in Ghana Charles Darku said...
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Industry says Hong Kong bridge draft hurting mega-ship clearance

.The shipping industry believes larger ships can pass under the Tsing Ma Bridge than currently allowed. .Container shipping stakeholders are pressing the Hong Kong government to adjust the air draft clearance restriction of an iconic Hong Kong suspension bridge, which they say is impacting calls by mega-vessels to the Shenzhen and......
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Drone to replace Israeli manned maritime patrol aircraft - UPI.com

UPI.comDrone to replace Israeli manned maritime patrol aircraftUPI.com"The Heron 1 has proved its capability to perform long-range, long-endurance maritime patrol mission.: said Shaul Shahar, IAI executive vice president and general manager of the Military Aircraft Group. "Thanks to its unique features and upgraded ......
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Maritime sanctuaries must be protected from offshore oil drilling - The Hill

The Hill (blog)Maritime sanctuaries must be protected from offshore oil drillingThe Hill (blog)President Donald Trump · Donald TrumpMaritime sanctuaries must be protected from offshore oil drilling California proposes budget increase to fight Trump OPINION: The Comey memo offers zero evidence to impeach Trump MORE wants to open up our ......
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Industry urges Hong Kong to lift bridge air draft

.The shipping industry believes larger ships can pass under the Tsing Ma Bridge than currently allowed. .Container shipping stakeholders are pressing the Hong Kong government to adjust the air draft clearance restriction of an iconic Hong Kong suspension bridge, which they say is impacting calls by mega-vessels to the Shenzhen and......
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Report: Remains Found on Seabed Belong to Sewol Victim

South Korean authorities have identified a bone found at the Sewol sinking site in early May as belonging to one of the nine still missing persons, according to the country’s Ministry of Oceans and Fisheries. The bone was identified to be from Danwon High School teacher Go Chang-suk, Korea Herald informed. The 35-centimeter shinbone, which was located during an underwater search of...
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KotugSmit Bags Long-Term Towage Deals with MOL

Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed long-term towage agreements with Kotug Smit Towage (KotugSmit) effective early 2017. As disclosed, the agreements cover MOL’s container, tanker, dry-bulk and car carrier divisions, and relate to the ports of Rotterdam, Antwerp, Ghent, Terneuzen, Flushing, Bremerhaven, Hamburg, London and Southampton.  “With this strategic partnership, both organizations aim to boost...
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Aristides Alafouzos, the founder of Kyklades Maritime, dies aged 93

Aristides Alafouzos, the founder of Kyklades Maritime, dies aged 93Splash 247Greece lost one of its most famous shipowners this morning. Aristides Alafouzos died today in Athens aged 93. As well as owning shipping firms Kyklades Maritime and Glafki Maritime, Alafouzos was a newspaper proprietor, at the helm of one of the nation ......
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Thoresen Shipping Adds Secondhand Supramax

Thoresen Shipping Singapore (TSS), a subsidiary of Thoresen Thai Agencies, has purchased and taken delivery of the secondhand dry bulk vessel Karaweik, which will be renamed Thor Future. Featuring 54,170 dwt, the Supramax was bought for a price of USD 7.9 million. Although the company did not reveal the ship’s previous owner, data provided by VesselsValue shows that the...
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Another Bulker Handed Over to GOGL

Dry bulk shipping company Golden Ocean Group Limited (GOGL) has taken delivery of one more secondhand bulker bought in March this year within a 16-vessel deal. The ship in question is the 81,500 dwt Q Ioanari which will now be renamed Golden Ioanari. Q Ioanari was built at South Korean Hyundai Mipo shipyard in 2011. Its...
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