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MOL Chemical Tankers to Buy All Shares of Nordic Tankers from Triton

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January 8, 2019 Singapore-based MOL Chemical Tankers has reached an agreement with Triton to buy 100% of shares in Danish chemical tanker company Nordic Tankers. Triton, the current sole shareholder of the company, would sell and deliver Nordic Tankers’ shares together with all rights attached to them on and with effect from the closing date, which is […]

Panama Canal Cuts Maximum Draft for Neopanamax Locks

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January 8, 2019 The Panama Canal Authority (ACP) has decreased the maximum allowable draft for vessels transiting the Neopanamax locks at the beginning of January. Precipitation registered in the Panama Canal watershed during December 2018 was around 90 percent below the historical average, causing water levels in Gatun and Madden Lakes to drop below the expected […]

d’Amico Tankers Inks Sale and Leaseback for New LR1 Tanker

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January 8, 2019 d’Amico Tankers D.A.C. (Ireland), the operating subsidiary of tanker owner d’Amico International Shipping, has signed a memorandum of agreement and bareboat charter contract for its newbuilding LR1 vessel. Under the deal, the company agreed a sale and leaseback of the 75,000 dwt MT Cielo di Houston, currently under construction at South Korea’s Hyundai […]

Menzies Aviation expands Australian cargo network

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January 7, 2019 Menzies Aviation has expanded its Australian cargo operations with the opening of facilities at Cairns Airport and Melbourne Avalon Airport. Menzies Aviation Cairns is a joint venture between Menzies Aviation and local provider AT Group, with the facility in Queensland’s Far North due to be ready for international cargo in the first […]

AAPA: Flat growth for Asia Pacific in November

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January 7, 2019 Air cargo volumes remained high but growth was flat in November, according to figures released by the Association of Asia Pacific Airlines (AAPA). Freight tonne kilometres (FTK) were up 0.1% to 6.47 billion while capacity in available FTKs were up 5.9% to 9.9 billion, pushing load factors down 3.8 percentage points to […]

One Dead in Vessel Collision off Vietnam

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January 7, 2019 The captain of an inland cargo ship has died following a collision involving a bulk carrier off Ha Long Bay, Vietnam. The 1,620 dwt cargo vessel collided with the 60,434 dwt wood chips carrier Daio Southern Cross in the early morning hours of January 7, local media cited a report from Quang Ninh Maritime Port […]

Fuel Spills from Maersk Ship during Bunkering in Hong Kong

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January 7, 2019 An unknown quantity of bunker fuel has spilled from a container vessel owned by Danish shipping giant Maersk during bunkering operations in Hong Kong, a company spokesperson confirmed to World Maritime News. “We can confirm that on January 6 our container vessel Maersk Gateshead had oil spilling during bunkering operations while at berth […]

Unipec Remains the World’s Top Dirty Spot Charterer

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January 7, 2019 Unipec, the trading arm of China’s state-run oil company Sinopec, remained at the top of the list of the world’s largest dirty spot charterers, according to an annual survey by tanker brokers Poten & Partners. The latest ranking of the largest dirty spot charterers showed that, besides staying at the top, Unipec has also strengthened its position as its […]

Hapag-Lloyd: Crew Evacuated from Fire-Stricken Yantian Express

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January 7, 209 Hapag-Lloyd has evacuated the crew of the containership Yantian Express after the fire aboard the vessel increased in intensity. Namely, the shipping firm said that the ship’s crew of 8 officers and 15 seafarers “is unharmed and was safely transferred” to the salvage tug Smit Nicobar on January 5 and 6. “Due to bad […]

MOL, Uniper Press on with Germany’s 1st FSRU Project

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December 18, 2018 Japanese shipping giant Mitsui O.S.K. Lines (MOL) has teamed up with Düsseldorf-based Uniper SE to develop a Floating Storage and Regasification Unit (FSRU) at Uniper site in Wilhelmshaven, Germany. The FSRU has a planned send-out capacity of 10 bcm/a and an LNG storage capacity of 263,000 cbm. As informed, the facility could […]