Saturday, December 20, 2014
   
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Shanghai Port Operator to Sell 20% of Hutchison JV

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Shanghai PortShanghai International Port Group, the main operator of the world’s busiest port, has announced its plan to sell 20% of a terminal firm that it jointly owns with Hutchison Port Holdings, Lloyd’s List reports.

SIPG said it will seek regulatory approval to auction the stake in Shanghai Mingdong Container Terminals, which operates Phase Five and Phase Six of the Waigaoqiao area.

Read more: Shanghai Port Operator to Sell 20% of Hutchison JV

   

P&O Cruises’ Latest Ship Names Revealed

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P&O NamesAfter sifting through more than 30,000 suggestions from across Australia and New Zealand, P&O Cruises literally drew a line in the sand to reveal the names of its latest ships – the Pacific Aria and the Pacific Eden.

Read more: P&O Cruises’ Latest Ship Names Revealed

   

MOL to Pioneer Arctic Route for LNG

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Northeast PassageMitsui OSK Lines will begin shipping liquefied natural gas through the Arctic Ocean in 2018 — making it the first company in the world to tap the sea as a regular transit route.

Using icebreakers and tankers, the company plans to deliver LNG shipments to Europe and Asia from a gas plant to be built on the Yamal Peninsula in northern Russia, where gas producer Novatek is engaged in a joint LNG venture.

Read more: MOL to Pioneer Arctic Route for LNG

   

Australian Mining Giant Eyes Four More

Yangzijiang ShipbuildingLast month we reported Fortescue Metals Group’s order for four very large ore carriers valued at $275m.

Read more: Australian Mining Giant Eyes Four More

   

China Cosco Invests $176m in Six Panamax Bulkers

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CoscoChina Cosco Holdings has entered into agreements to construct and buy a total of six dry bulk carriers at a cost of $175.62m as part of a fl eet upgrading plan.

Read more: China Cosco Invests $176m in Six Panamax Bulkers

   

Royal Caribbean to Build Cruise Berth in Taiwan

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Oasis of the SeasRoyal Caribbean International has signed a memorandum of understanding with Taiwan International Ports Co (TIPC) to invest NT$1bn ($33.3m) in building a pier in outlying Penghu County to accommodate the cruise company’s vessels.

Read more: Royal Caribbean to Build Cruise Berth in Taiwan

   

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