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From containers to tankers, from ship owning to ship management, market forces continue to incentivise mergers and acquisitions
Bank sells JR Shipping debts to UK-based fund ahead of privatisation
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The outfit will be folded into Clarksons’ Specialised Products and Petrochemical Gases divisions
Remedies to distortions to competition from future mergers may not be sufficient in the future, says the director for transport at DG Competition
Nasdaq Dubai-listed port operator DP World will return to private ownership as parent company Dubai World seeks to reduce sizeable debt
Shipbuilding nations advocating market-based rules, such as Japan, have been disappointed by continuing government handouts from competitors, but the frustration is unlikely to go away anytime soon
The unnamed firm is one of the interested parties that had previously expressed interest in extending debt financing to Pacific Radiance
Two harbours, both located in the Yangtze Delta Region, a key economic powerhouse in China, have been competing heavily with each other especially on the container cargo side
Sinotrans Shipping runs a dry bulker fleet of 75 ships with 5.8m dwt in capacity, while also having a stake in five Arctic LNG carriers co-invested in with state-owned China LNG and Prokopiou-controlled Dynagas
‘We will finalise decisions this week or next week and tell people what is going on,’ says company spokesman
Signal’s management track record could deliver spot rates of as much as $4,000 per day more than industry averages in the aframax sector, according to Mr Economou. But that was in a low market. In a good market, the differential could rise sharply
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