The Greek government has had to postpone the sale of a majority stake in Piraeus, its largest port. The privatisation of the port was a requirement of the third bailout agreed with the country's ...
Piraeus privatisation pushed back
Damen takes over specialist voyage repairer
Damen Shiprepair & Conversion (DSC) has acquired fellow Dutch shiprepairer D. van de Wetering, which claims to be one of the oldest ship repairers in Europe with a history going back to 1880. DSC ...
HMM divests dry bulk units and terminals
Hyundai Merchant Marine (HMM) will securitise its dedicated bulk services and overseas terminals in another effort to boost its liquidity. South Korea's second biggest shipping company said in a Korea ...
Trade deal hoped to tip Australian trade deficit
Australia's key industry players are reserving comment on the Trans Pacific Partnership (TPP) trade deal clinched overnight in Atlanta, Georgia, until details are released. However, a last-minute ...
Analyst predicts bright outlook for Hyundai Mipo
Growing seaborne trade in oil products will generate demand for product tankers, auguring well for Hyundai Mipo Dockyard, an industry analyst has asserted. HMD, a mid-tier South Korean shipbuilder, ...
Epic Gas wins financing for newbuildings
Singapore-based LPG ship owner Epic Gas announced today that it has secured USD120 million from a syndicate of banks to finance its remaining seven owned vessels under construction. ABN AMRO Bank, ...
Tokyo court approves Daiichi Chuo rehabilitation
Struggling Japanese bulker operator Daiichi Chuo Kisen Kaisha was given the green light by the Tokyo District Court to start civil rehabilitation on 5 October. The company applied for civil ...
Hyundai Glovis to ship aggregates for Qatar
Hyundai Glovis has won a KRW508 billion (USD500 million) contract of affreightment with Qatar Primary Materials Company. Hyundai Glovis, the shipping arm of Hyundai Motor Group, told IHS Maritime that ...
Search continues for El Faro survivors
Rescue crews have stopped looking for El Faro but continue their search for survivors four days after the cargo ship ran into Hurricane Joaquin. "We're assuming the vessel has sunk in its last known ...
Bulk carrier detained in Singapore
Portugal-flagged bulk carrier Alexandrit was arrested in Singapore on 2 October under the instruction of local law firm Oon & Bazul. The reason for the arrest was not known. The ship was detained ...
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