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IHS Maritime Sea-web: Latest Maritime News
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Ship Finance International, the US listed tonnage provider that is managed from Norway, has delivered a rise in net profit in 1Q16 on the same period last year, but the performance fell short of the expectations of shipping analysts.  Full story >>

German shipbuilder Flensburger Schiffbau-Gesselschaft (FSG) has secured its latest contract to build a new EUR144 million (USD160 million) ropax ferry from the Irish Continental Group.  Full story >>

Dredging works at the port of Maputo have commenced, with the aim of making it more competitive in regional and international shipping markets.  Full story >>

India's eastern coast port of Chennai has apparently become the deepest among the 12 state-owned ports by dredging its berths at Ambedkar dock to 15.5 metres, a draught capable of docking 8,000 teu container ships.  Full story >>

Shanghai Shipyard, a branch of China State Shipbuilding Corporation (CSSC), is seeking to set up a joint venture with Japan’s Mitsui Engineering & Shipbuilding (MES).  Full story >>

The Australian Maritime Safety Authority says it will take the advice of the International Maritime Organisation (IMO) for a “practical and pragmatic approach” to enforcing compliance with new container weight rules.  Full story >>

Jinhui Shipping & Transportation, the Oslo listed dry bulk shipping company in the Hong Kong based Jinhui group, says it is in advanced talks with its lenders to restructure its debt as it has reported a deep 1Q16 loss.  Full story >>

Hyundai Merchant Marine said on Tuesday that it has successfully completed the first three bondholders meetings, advancing towards to the normalisation of its business.  Full story >>

Frontline, the listed tanker company in John Fredriksen’s business empire, said it will unveil an acquisition shortly after reporting better than expected results for 1Q16.  Full story >>

Daewoo Shipbuilding & Marine Engineering said on Tuesday that two customers have requested to postpone deliveries of drillships and rigs, as oil prices continue to remain low.  Full story >>

The SM (Samla Midas) Group has decided to call off its planned acquisition of South Korean ship builder SPP Shipbuilding after failing to reach an agreement with the latter’s creditor banks on the sale price.  Full story >>

South Korean LPG and chemical shipping specialist KSS Line has contracted three 3,500 dwt chemical tanker newbuildings as prospects are starting to look positive.  Full story >>

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