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Maritime News
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Hedge Funds Hunt for Shipping Debt in New Market Push
By Jonathan Saul and Maiya Keidan LONDON, Feb 20 (Reuters) – A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector. World economy worries and cost pressures are dampening prospects […]
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Interview: Sinclair Browne, Chief Executive Port of Inverness, Talks Port Operations, Technology, Brexit And More
Interview by Paul González-Morgan (Marine Strategy) – Sinclair Browne is Chief Executive of the Port of Inverness, situated in the city of Inverness, the capital of the Scottish Highlands. It is operated as a Trust Port under the control of Inverness Harbour Trust which was constituted by an Act of Parliament in the 19th century. […]
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Scrubber Debate Heats Up as EC Calls on IMO to Restrict Use
By Mike Wackett (The Loadstar) – The pro-scrubber Clean Shipping Alliance 2020 has strongly criticised the EC for urging the International Maritime Organization (IMO) to restrict the use of open-loop exhaust gas cleaning systems (scrubbers) in ports around the world. But vessels fitted with scrubbers are in high demand and at least a third of […]
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DP World Buys Back Britain-Based P&O Ferries for $421 Million
DUBAI, Feb 20 (Reuters) – DP World has bought back British ferry and shipping freight operator P&O Ferries for 322 million pounds ($421 million), more than a decade after it sold it. DP World acquired the British shipping and logistics company in 2006 but soon sold off some assets, including P&O Ferries to its major […]
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UAE Eases Qatar Shipping Ban Amid Continuing Dispute
By Alexander Cornwell, Lisa Barrington and Eric Knecht DUBAI/DOHA, Feb 20 (Reuters) – The United Arab Emirates has eased a ban on the shipping of goods between it and Qatar enforced under a political and economic boycott of Doha, according to port circulars and an industry source. The UAE, Saudi Arabia, Egypt and Bahrain severed […]