News Flash

Government Approval For Cosco To Raise Stake In Piraeus Port To 67%

The Greek parliament has approved an amended deal with Cosco Shipping Group allowing the Chinese group to raise its stake...
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Overseas Shipholding Group – Announces The Closing Of A $325 Million Loan To Refinance Debt – Loan Increases Liquidity And Financial Flexibility

Overseas Shipholding Group, Inc. a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag...
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CMA CGM To Launch Greece-Egypt-Turkey Service

CMA CGM has announced the launch of a shortsea weekly service to connect Northern Greece with Egypt and Southern Turkey....
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IMO And Saudi Arabia Sign Partnership Deals As Part Of Net-Zero Drive

The International Maritime Organisation (IMO) has signed three partnership agreements with the Kingdom of Saudi Arabia to support the preparation...
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Stonepeak To Acquire Teekay LNG In A $6.2 Billion Transaction

Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets,...
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Poseidon Med II Demonstrates That Shifting To LNG Is Bringing Benefits To The Port Of Igoumenitsa

Within the context of the 2nd Scientific Conference on Port Management, Organization and Development (PDMO 2021), the European Programme Poseidon...
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Yantian Port Reveals Expansion Plans

The port of Yantian is planning to build three new berths capable of handling mega-containerships. The terminal project at the...
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Safe Bulkers, Inc. Enters Into First Sustainability-Linked Credit Facility Of $60 Million To Refinance Existing Loan Facilities

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced that the Company has entered into a new...
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Adani Investing $700M In New Colombo Container Terminal

Adani Group is investing $700m in a new container terminal at the Port of Colombo, in what is said to...
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Pipeline Spill Could Impact Containerships Queued For Port Of LA

Some containerships anchored in San Pedro Bay waiting to enter the Port of Los Angeles may require cleaning following an...
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Van Oord Orders Methanol-Fuelled Wind Turbine Installation Vessel

Van Oord orders methanol dual-fuel offshore wind turbine installation vessel at Yantai CIMC Raffles Shipyard in China. The new 175-metre...
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Höegh Autoliners Signs Letter Of Intent With China Merchants Heavy Industry To Build Its Aurora Class Vessels

Höegh Autoliners is pleased to announce that it has entered into a Letter of Intent (LoI) with China Merchants Heavy...
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COSCO Shipping International Sells 60 Pct Stake In Singapore Dry Bulk Shipping Firm

Integrated logistics service provider COSCO Shipping International (Singapore) Co., has decided to dispose of a 60 per cent interest in...
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Cyprus Shipping Deputy Ministry Celebrates World Maritime Day With All-Day Immersive Event And Run For Seafarers

To celebrate World Maritime Day 2021, Cyprus Shipping Deputy Ministry (SDM) is organizing an all-day immersive experience in Limassol on...
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ONE Launching New Korea – China – Southeast Asia Service

Ocean Network Express (ONE) is launching a new service connecting Korea, central/south China, and Southeast Asia. The new weekly Korea...
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Panama Supports Neptune Declaration On The Welfare Of Seafarers And The Change Of Crews

The Republic of Panama, through the Panama Maritime Authority, has provided its support to all those national and international actions...
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CPP Investments To Acquire Ports America Interest From Oaktree

Canada Pension Plan Investment Board (“CPP Investments”) today announced that it has entered into a definitive agreement to become the...
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Damen Shipyards Divests Hoisting Business

Liftal Hijstechniek will acquire Damen Hoisting and from 1 October the company will be incorporated into the full-service specialist in...
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NYK Commits To Net-Zero GHG Emissions By 2050

Japanese shipping major Nippon Yusen Kabushiki Kaisha (NYK) has set a long-term target to achieve net-zero emissions of greenhouse gas...
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Siglar Carbon Launches Free Carbon Estimator For Commercial Shipping Professionals

Siglar Carbon launches a free tool for estimating and comparing emissions from tanker voyages. Using the Siglar Carbon Estimator to...
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