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As one of the world’s largest owner-operators of LNG carriers, Kuala Lumpur-based MISC Berhad has implemented a major new stage of fleet development with the delivery of the first in a series of 150,200 m3 capacity, Moss-type LNG tankers.  Full story >>

UK prime minister Theresa May’s speech on the country’s strategy for its departure from the European Union is set to prompt a move by marine insurers to establish new operations outside of London.  Full story >>

Three years after Malaysian passenger aircraft MH370 went missing with all 239 crew and passengers on board, the joint Australian, Malaysian, and Chinese search for the aircraft has been suspended.  Full story >>

Hoegh LNG has booked floating storage and regasification unit orders from South Korean shipbuilders Hyundai Heavy Industries and Samsung Heavy Industries.  Full story >>

The Japan Bank for International Cooperation (JBIC), a Japanese export credit agency, has agreed to co-finance the post delivery of two Aframax tankers Hong Kong-based shipowner Tai Chong Cheang Steamship HK built at Japan’s Namura Shipbuilding.  Full story >>

Shares of Orient Overseas (International) Limited, the parent of container line OOCL, took off as the Hong Kong Exchange opened and have risen more than 25% since the beginning of January amid growing market speculation that the carrier is for sale.  Full story >>

The Singapore High Court has granted Hanjin Shipping’s application to withdraw an interim injunction against actions from its creditors, as the South Korean liner operator moves further towards liquidation.  Full story >>

Oslo-listed offshore contractor Subsea 7 has issued a USD279 million bid for full control of Dutch-headquartered Seaway Heavy Lifting in a move destined above all to strengthen its position in the renewable energy and offshore decommissioning businesses.  Full story >>

Dutch government tax investigators have raided the Gorinchem headquarters of leading Dutch shipbuilder Damen as part of an investigation into a foreign bribery case.  Full story >>

Secondhand vessel prices for dry bulk and tankers have gone in opposite directions over the last 12 months according to Greek shipbroker Allied.  Full story >>

After the surge in mergers and takeovers in container shipping last year, the multipurpose project carrier sector could be the next to face significant consolidation, according to one of the biggest mpp owner operators.  Full story >>

China Merchants Energy Shipping, the Chinese state-owned tanker and dry bulk shipping enterprise, said on Tuesday that its profit for 2016 was expected to surge by 40–70% against a year earlier.  Full story >>

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