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Monthly Archives: April 2018

UN Blacklists Dozens over North Korean Smuggling at Sea

The United Nations Security Council blacklisted dozens of ships and shipping companies on Friday over oil and coal smuggling by North Korea, boosting pressure on Pyongyang as leader Kim Jong Un plans to meet with his South Korean and U.S. counterparts.
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OSV Market Poised for Growth -Report

The global offshore support vessel (OSV) market is expected to grow from an estimated $20.06 billion in 2018 to $25.66 billion by 2023, according to a recent report published by MarketsandMarkets. Ongoing offshore activities across the U.S.…
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Schaller Takes Over as Head of the Voith Group

As of April 1, 2018, Stephan Schaller has begun in his role as head of the Corporate Board of Management at Voith GmbH & Co. KGaA and will lead the international technology company. He succeeds the long-serving head of the Board, Dr. Hubert Lienhard, w...
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Genco Sets Up Minor Bulk Subsidiary

Genco Shipping & Trading Limited announced it has established a European subsidiary in Copenhagen to be led by newly appointed Commercial Director, Minor Bulk, Europe, Sune Linné Fladberg. “We continue to take steps to solidify our sizeable…
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Trump to Unveil China Tariff List

The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world's two largest economies.
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PIL Founder Steps Down as Chairman

The founded and Chairman of Pacific International Lines (PIL) Chang Yun Chung announced that he is stepping down and the current Managing Director SS Teo will take over from him. In a statement he said, "I wish to inform you that as part of PIL’s ongoi...
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