Region
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Fugro sells Asia Pacific subsea services business
Dutch firm Fugro has divested its subsea services business in Asia Pacific to Australian outfit Shelf Subsea for EUR14m and…
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Market pushes Teekay’s Tanker Investments into a new strategy
Oslo-listed Tanker Investments, Teekay Corporation’s special investment company, has revealed a change of business strategy while releasing its second quarter…
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Court cases rack up against STX Offshore & Shipbuilding
Troubled South Korean shipyard STX Offshore & Shipbuilding has admitted a slew of court cases are heaping pressure on the…
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Euroseas switches Yangzijiang order to an option, cancels Dayang newbuilding
Greek owner Euroseas has signed an addendum to its shipbuilding contract with China’s Yangzijiang Shipbuilding for the construction of a…
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Siem Offshore secures seismic vessel extension
Siem Offshore has announced that it has reached an agreement with Fugro Geo Vessels to extend the current charter period…
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Wallem drawn into sex discrimination row
A poorly-worded email has landed Wallem Ship Management into a very public sexist row covered by the world’s most read…
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Hornbeck Offshore delays MPSV pair
US offshore operator Hornbeck Offshore has reached an agreement with Eastern Shipbuilding to postpone the delivery of two MPSVs on…
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Top Ships secures financing for product tanker
Greek tanker operator Top Ships has entered into a senior secured facility with a major northern European bank for the…
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Safe Bulkers rearranges finance for kamsarmax newbuilding
Safe Bulkers has novated the shipbuilding contract for a kamsarmax newbuilding to another of its wholly owned subsidiaries in order…
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Sale of Lundin FPSO falls through
Sweden’s Lundin Petroleum plans to sell its floating production storage and offloading unit to Malaysia’s M3nergy have been abandoned. The…
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Otto Marine starts arbitration against Robert Knudzen Shipholdings
Otto Marine has commenced arbitration in Singapore against Robert Knutzen Shipholding and Mr Robert Knutzen for charter contract disputes. Otto’s…
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US court upholds award against Pemex and increases it to $465m
Mexico’s state oil firm Pemex lost out to the tune of almost half a billion dollars in the latest phase…
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Lamprell appoints new CEO
Christopher McDonald is to join Lamprell as its new CEO and director effective as of October 1, succeeding Jim Moffat,…
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SGX reportedly readies $100m Baltic Exchange offer
A formal offer to take over the Baltic Exchange is expected to be made shortly by the Singapore Exchange, Reuters…
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Bourbon Offshore predicts market bottom
French offshore marine services company Bourbon Offshore has released its latest results today and believes the sector has hit the…
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DBS Bank handed Swiber $146m just weeks before it filed for liquidation
Singapore’s largest bank, DBS, is facing a storm of criticism after it emerged it gave Swiber Holdings two loans worth…
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Hyundai Merchant Marine shares take record dive
Just as Hyundai Merchant Marine (HMM) might have thought it had weathered the worst of the financial storm, today it…
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Eurotankers linked with MOL VLCC buy
Eurotankers has paid Mitsui OSK Lines (MOL) $28.3m for a 13-year-old VLCC, brokers report. The Greek outfit has taken the…
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Team Tankers offloads small chemical carrier
Brokers are reporting Team Tankers has sold a 2007-built chemical tanker to Vietnamese maritime conglomerate Aulac. Different brokers have different…
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Navies from the Philippines, Indonesia and Malaysia vow to strike back at Abu Sayyaf
The Philippines, Indonesia and Malaysia have signed an agreement to tackle the spate of kidnappings in the Sulu and Celebes…
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