Sector
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K Line toughens its 2030 green targets
Kawasaki Kisen Kaisha (K Line) has amended its environmental targets, making for a far stricter cut in greenhouse gas emissions…
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CSSC secures $120m Payra Port contract
China State Shipbuilding Corporation (CSSC) has announced that an affiliate of the group has secured an EPC project for the…
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KNOT seals suezmax charter deal with PetroChina
Knutsen NYK Offshore Tankers (KNOT), a joint venture between NYK and Knutsen, has concluded a 10-year time charter contract with PetroChina…
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Yangzijiang offers reward to facilitate debt collection
Chinese private shipbuilding group Yangzijiang Shipbuilding has posted a reward in order to facilitate the collection of over RMB423.8m ($60.4m)…
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D’Amico offloads product tanker pair
D’Amico International Shipping, via subsidiary d’Amico Tankers, has agreed the sale of 2005-built MR product tanker pair and for $12.95m each. Delivery…
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Golar Power awarded Brazilian LNG liquefaction contract by Galileo Technologies
Golar Power, a joint venture between Golar LNG and Stonepeak Infrastructure Partners, has signed an agreement with Galileo Technologies for the provision…
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South Korea looks to lead smart port development
Having recently earmarked $132m to develop and commercialise home grown autonomous technology for ships, the South Korean government is now…
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Saipem seals Búzios subsea contract
Italy’s Saipem has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve…
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Shipping’s darkest secret: suicides at sea
Shipping has been accused of covering up the numbers of suicides at sea with urgent calls to be more transparent…
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India welcomes 20,000 teu ships for the first time today in crew change operation
India welcomes today the largest ever boxships to call at the country. However, the trio of 20,000 teu ships are…
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Asian coal demand fills the gap left by Japan and Europe
Coal’s demise as a significant backbone to the global dry bulk trades is not coming any time soon, new research…
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European Parliament to vote this week on whether to include shipping in EU’s emissions trading system
The global shipping industry will find out tomorrow whether it will splinter in terms of green legislation. The European Parliament…
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Maersk takes over KGH Customs Services
AP Moller-Maersk has announced that it has entered into an agreement with Bridgepoint Development Capital to acquire KGH Customs Services…
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Pacific Basin signals impairment of $198m on handysize fleet
Hong Kong’s biggest shipowner, Pacific Basin, has issued a warning to shareholders and potential investors that due to the softness…
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Höegh Xiamen declared a constructive total loss
Ocean Yield-owned car carrier has been declared a constructive total loss after a fire erupted onboard the vessel at Port…
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Fortune Ocean Shipping to clear out handy bulker fleet
Dalian-based bulk carrier operator Fortune Ocean Shipping is looking to exit the smaller size bulker segment, having listed all its…
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Icon Offshore moves to expand offshore business with rig acquisition
Malaysian offshore vessel operator Icon Offshore is looking to acquire a subsidiary of Perisai Petroleum that owns the jackup rig…
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Valaris scraps three young drillships originally ordered for $2.25bn
Offshore driller Valaris has sent three drillships, all less than ten-years-old, to the scrapyard amid continued uncertainty in the offshore…
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Antong Holdings owners banned from securities market for life
Chinese domestic container shipping major Antong Holdings has announced that the company’s controlling shareholders and some senior managers have been…
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Larger bulkers in vogue at Eastern Pacific after latest capesize purchase
Idan Ofer’s Singapore-based Eastern Pacific Shipping (EPS) has acquired Japanese-built (2010) capesize bulker . Seasure Shipbroking is reporting that EPS…
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