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It has emerged China Merchants Bank (CMB) is a leading bidder for the Royal Bank of Scotland’s (RBS) Greek shipping finance business which is worth about $3bn.

The overall confidence levels in the global shipping industry have risen slightly in the three months to May this year but still remain low, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.

Overtonnaging, charterers with financial problems not making good on their contractual obligations, and the lack of the finance shipping requires to continually renew itself creates instability in the industry.

Shanghai Marine Diesel Engine Research Institute (SMDERI) and Iceland’s Marorka(stand 3.529)   have signed a cooperation agreement to promote maritime energy management and enhance the competitiveness of China’s shipbuilding and shipping enterprises.

DP World has launched a new education scheme to engage 8-14 year olds in ports, trade and logistics.

The Singapore maritime industry is gearing up for a week packed with maritime events and activities from 17-22 April, where the 11th edition of the Singapore Maritime Week (SMW) 2016 will feature events including the annual maritime lecture and a high-level offshore industry forum.

Maritime leaders are calling on the industry to adopt new technology as a way to capitalise on opportunities and navigate today’s increasingly complex operating environment, according to new survey data released today by Sea Asia in the lead up to Sea Asia 2017.

In a worrying sign of the times a majority of maritime executives believe that integrity is “routinely compromised” in shipping deals, according to a live audience poll carried at the CMA Shipping 2016 conference this week.

Cosco International Holdings has recorded a fall in earnings for 2015 due to the continued slowdown in the growth of international trade, coupled with the lingering oversupply in the shipping industry.

Cyber-threats, crewing practices and increasing activity in the Arctic could all pose major safety and security threats in the coming years, an Allianz Global Corporate & Specialty (AGCS) report has warned.

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