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Four Containers Recovered after Singapore Strait Collision, One Left in Indonesian Waters

Four containers have been retrieved from the Singapore waters following the collision of Panama-flagged Very Large Crude Carrier (VLCC) Dream II and containership MSC Alexandra on August 3, Maritime and Port Authority of Singapore (MPA...
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Tanker Market Could See More Upside Potential in 2H

Due to rather severe summer doldrums, earnings across all tanker sectors dropped to levels not seen since September 2014. Tanker rates typically stage a recovery going into the northern hemisphere winter months, however, according to P...
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Ahmad Said wants to join Dr M's party, Terengganu PAS claims

Terengganu PAS commissioner Satiful Bahri Mamat said that Datuk Seri Ahmad Said (pic) had bigger ambitions for himself, and is seen as a close ...Original link

ACP Sets Maximum Draft for Neopanamax Locks

Based on the current level of Gatun Lake and the weather forecast for the following weeks, the Panama Canal Authority (ACP) has updated the maximum draft for Neopanamax vessels on August 5, effective immediately. According to ACP&rsquo...
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Readers’ Picks of the Week (August 1 – 5, 2016)

Euronav Purchases VLCC Newbuilding Duo Antwerp-based tanker owner and operator Euronav NV has decided to further expand its fleet as it purchased two newbuilding resale vessels from the Greek ship operator Product Shipping and Trading SA… Read...
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Man given terrorism charges upon transfer from Netherlands

Prosecutors said Friday that Anis Bahri was transferred a day earlier and charged with taking part in a "criminal terrorist association," violating a ...Original link

COSCO, EXIM Bank Ink USD 18 Bln Financing Deal

China Ocean Shipping Group (COSCO) and China Export-Import (EXIM) Bank signed a CNY 120 billion (USD 18 billion) strategic cooperation agreement in Beijing with the intention to finance more than 50 vessels under construction. The...
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Value of Second-Hand Vessel Sales Halved in July

A total of USD 1.6 billion was spend on second-hand vessels in July 2016, compared to USD 3.1 billion spent in the same month last year, representing a drop of 48% in the total value of second-hand sales concluded in the period, according t...
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Asia-Europe Spot Freight Rates Bounce Back

The downwards trend line in Asia-Europe spot freight rates has finally been reversed, data from World Container Index Shanghai-Europe shows. Whereas the first four months of 2016 saw 50% or larger reductions in freight rates and record-low spot rate ...
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