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Pacific Drilling delisted from NYSE for non-compliance with capitalization criteria
Ultra deep-water offshore drilling contractor Pacific Drilling announced on Tuesday that trading in its common stock has been suspended on…
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Economou’s Cardiff Marine takes first suezmax of the year
George Economou’s Cardiff Marine has been linked by brokers to its first tanker acquisition of the year. The Greek company…
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Large oil slick washes up on Greek island near Piraeus
The cargo hold of the sunken product tanker has been 95% sealed, however dire images of oil washing up on…
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Shareholders the loser as Seadrill announces restructuring under chapter 11
John Fredriksen’s Seadrill has reached a restructuring agreement with its bank lenders, 40% of its bondholders and a consortium of…
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When London had international shipping, it didn’t need a Week
I started work in the City in 1974; within walking distance of my office in St Mary Axe were three…
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Five missing after tanker and dredger collide in Singapore Strait
Five crewmembers are missing from a dredger after it capsized in Singapore waters this morning after colliding with an Indonesian…
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Asia Maritime Pacific: Dry bulk consolidation needed amid ‘short, weak’ recovery
The dry bulk sector should consolidate more amid what is set to be only a weak recovery at best, a…
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OW Bunker investors take aim at Morgan Stanley and Carnegie Investment Bank
Twenty-four Danish institutional investors in defunct OW Bunker are to sue Carnegie Investment Bank and Morgan Stanley, accusing both of…
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Shandong Shipping president resigns after less than six months
Shandong Shipping has announced that the company’s president Fan Chenghai, along with general manager Wang Dawei, have resigned from the…
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Borr Drilling secures jackup contract from BW Energy
Norwegian jackup rig owner Borr Drilling has accepted a letter of intent from BW Energy, a subsidiary of BW Offshore,…
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Vroon awarded subsea vessel contract by E.On
Dutch owner Vroon has been awarded a charter contract by E.On for subsea support vessel for logistics support and offshore…
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Regulators need mindset change to cope with pace of technological change
Maritime regulators need to change their mindsets from one of risk avoidance to focus more on risk management amid the…
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Euroseas acquires four feeder boxships from Euromar JV
Greek owner Euroseas has acquired two feeder containerships and options to acquire two more from Euromar, a joint venture owned…
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Hyundai Heavy Industries pushes through rotational leave system
South Korean shipbuilder Hyundai Heavy Industries (HHI) has pushed through a rotational leave system for five weeks from September 11…
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BunkerEx: Hybrid platform
Newly formed bunker broker BunkerEx is utilising its technology platform to save buyers both time and money. The London-based company…
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Unisea continues aggressive bulker buildup
Low key Greek outfit Unisea Shipping has been busy dipping into the dry bulk market. Broking sources say the line…
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Largest US refinery restarts production after Harvey shutdown
America’s biggest oil refinery, the Motiva Enterprises facility at Port Arthur in Texas, restarted production on Monday after being shut…
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Symphony ups the tempo with asset play
Little known Bangladeshi company Symphony has doubled its money in just over a year in its first asset play. Broking…
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Seadrill set to file for chapter 11 today
John Fredriksen’s embattled Seadrill is expected to file for chapter 11 today, becoming one of the most high profile casualties…
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Ocean Rig faces another legal battle
New York lawyer Tally Wiener is not giving up in her pursuit of George Econonou’s Ocean Rig. Ocean Rig sought…
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