Readers’ Picks of the Week ( 27th-31st Oct)

Euro Banks to Increase Bad Shipping Loan Provisions by Quarter

European banks need to increase their provisions for bad shipping loans by 25%, to EUR 7.3 billion (USD 9.25bn), according to the European Central Bank’s (ECB) year-long examination of the resilience and positions of the 130 largest banks in the Euro area as of 31 December 2013.

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VIDEO: Bulk Carrier Saga Falcon Runs Aground

Bulk carrier Saga Falcon ran aground on Sunday, October 26th in the river Rio de la Plata five nautical miles south from Chinchillas, Uruguay. 

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Hantong to Build World’s First CNG Carrier

Jiangsu Hantong Ship Heavy Industry signed a shipbuilding contract with CIMC ENRIC SJZ GAS on 26th October, 2014, for construction of the world’s first CNG carrier.

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Royal Caribbean Takes Delivery of Quantum of the Seas

Royal Caribbean accepted delivery today of its newest cruise ship, Quantum of the Seas, from shipbuilder Meyer Werft, Royal Carribean said.

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Two Containerships Ablaze in Port Klang

A fire broke out  on Tuesday night in Port Klang, Malaysia after two containerships brushed against each other in wharf.

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World Maritime News Staff