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The Singapore Exchange (SGX) has moved a step closer to acquiring the Baltic Exchange as the two parties enter into exclusive discussions.

UK shipping agent Armitt Group has signed a heads of terms agreement with Hutchison Port Holdings (HPH) to build a new multimodal terminal at London Thamesport.

South Korea’s Hanjin Shipping announced that it has sold its London office for KRW66.7bn ($57.2m) as the shipowner attempts to ease its liquidity shortage and reduce debts.

UAE-based rig manufacturer Lamprell reported $66.5m net profit in 2015, a very healthy result although not matching the $93.2m that the company recorded in what it described as an ‘exceptional’ 2014. 

Hellenic Carriers is mulling de-listing from AIM - the London Stock Exchange market for smaller, growing companies - after its losses doubled to $33.9m 2015 from $16.9m the previous year.

Classification society ABS has promoted London-based Dr. Kirsi Tikka to the role of executive vp – global marine, thereby centralising its strategic planning, client development, and product and service offerings.

The Norwegian Hull Club (NHC) is planning to open an office in London its first office outside Norway apart from medical insurance business based in the Philippines.

Bob Baker has been appointed to succeed outgoing chief harbour master David Phillips at the Port of London Authority (PLA), after a 14-year stint in the same capacity at Forth Ports. 

A successor has been chosen for Port of London Authority (PLA) chairman Dame Helen Alexander, who steps down from the post on completion of her six-year term at end December. 

There is a tendency in the UK to talk about London as though it were the only place fit to do business, and with a rich maritime history, the Baltic Exchange and the headquarters of the IMO on its side, shipping is no exception.

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