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IHS Maritime Sea-web: Latest Maritime News
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Hyundai Merchant Marine (HMM) is looking at the possibility of a maiden voyage across the Arctic Ocean.  Full story >>

Polaris Shipping is considering tapping on the government’s recently created ship finance provider, tentatively named Korea Shipping & Offshore, to bankroll its recent order for three 325,000 dwt VLOCs at HHI.  Full story >>

A heavy impairment charge at its Maersk Tankers unit has dragged the Energy business area of A.  Full story >>

Singapore’s Pacific International Lines (PIL), port operator PSA International Pte Ltd, and technology giant IBM Singapore Pte Ltd will collaborate to explore and put to test proof of concept (POC) blockchain-based supply chain solutions.  Full story >>

Singapore-based Rickmers Maritime has completed the sale of its entire fleet of 14 vessels and unsecured creditors will get USD0.  Full story >>

Ship scrap prices are now nearing the USD400 per ldt mark as bullishness sweeps the ship recycling market in the Indian subcontinent.  Full story >>

Maersk Line reported a second quarter (Q2) profit of USD339 million on the back of sharp increases in freight rates, while at the same time warning that Q3 losses from the mid-year cyber attack would be in the region of USD200-300 million.  Full story >>

The company made a 2Q17 net loss of SEK43.9 million (USD5.49 million) compared with a profit of SEK12.4 million in the same period last year.  Full story >>

Flleet growth will amount to about 4% to 5%, while production cuts by OPEC combined with high levels of oil stocks in consumer countries have depressed the market and wiped out prospects for arbitrage in oil product trade: a major driver of demand.  Full story >>

The gradual closing of the oversupply gap bodes well for the future well-being of the dry bulk market, Western Bulk suggested  Full story >>

The offer represents a 37% premium on Songa Offshore's five-day share closing price and has been approved by the majority of shareholders.  Full story >>

Singapore's Pacific International Lines (PIL) appears to be neither denying nor confirming market talk that it is COSCO Shipping Holdings' next acquisition target.  Full story >>

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