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Finance and Insurance
Danaos questions Eagle Bulk’s poison pill decision
Greek containership owner Danaos, the largest shareholder of Eagle Bulk Shipping, has questioned the company’s move to adopt a poison…
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Offshore
Number of Norwegian offshore workers threatening to strike later this week rises to over 1,600
The number of Norwegian offshore workers set to go on strike on June 29 without a new wage deal in…
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Offshore
TechnipFMC wins more work in Angola with Azule Energy
Offshore contracting giant TechnipFMC has been awarded a significant contract by Azule Energy to supply subsea production systems for the…
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Finance and Insurance
Braemar shares to be suspended as investigation into 2013 case delays annual results
Despite readying its books for what it maintains will be record results, the British shipbroker, Braemar, has conceded it will…
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Regulatory
Macron’s shipping carbon levy plans kept alive by new EU proposal
Even though efforts by French President Emmanuel Macron to find support for a global carbon tax on the shipping industry…
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Ports and Logistics
Macquarie Asset Management sells Ceres Terminals to Carrix
Marine terminal operator Carrix has agreed to purchase Ceres Terminals from Macquarie Asset Management. Ceres operates in 18 locations throughout…
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Shipyards
AD Ports enters drydocking market with Premier Marine partnership
UAE’s AD Ports and its shipbuilding compatriot Premier Marine have formed a new drydocking and repairs joint venture called Safeen…
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Ports and Logistics
DP World to start expansion of Indonesian container terminal
Dubai-based terminal operator DP World is set to begin management and a major expansion of Indonesia’s Belawan New Container Terminal…
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Finance and Insurance
Eagle Bulk adopts poison pill as it buys out Oaktree in $219m deal
US-based Eagle Bulk Shipping has bought Oaktree’s 28% stake in the company for $219.3m via a repurchasing program and adopted…
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Operations
Marubeni pens suction sails tech partnership with bound4blue
Japanese conglomerate Marubeni and Spanish engineering firm bound4blue have formed a strategic partnership to promote and sell the eSAIL wind…
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Ports and Logistics
AD Ports puts pen to paper on 50-year Karachi terminal concession
UAE’s AD Ports has signed a concession agreement with Karachi Port Trust, the Pakistani federal government agency that oversees the…
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Offshore
SLB CEO: Offshore exploration spending to grow over 20% this year
With offshore exploration and appraisal making a comeback, this year could see offshore exploration spending increase by more than 20%,…
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Renewables
Ørsted develops USV measurement vessel for offshore wind farms
Offshore wind farm developer Ørsted has designed and developed the first uncrewed surface vessel (USV) in the industry for offshore…
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Operations
Great Lakes can support shortsea shipping between US and Canada
A new study has shown the advantages of shortsea shipping services between southern Ontario and the US Great Lakes region.…
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Tankers
Donsötank orders two chemical tankers from Wuhu Shipyard
Sweden-based Donsötank has ordered two new dual-fuel 22,500 dwt oil and chemical tankers from Chinese shipbuilder Wuhu Shipyard. Donsötank said…
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Ports and Logistics
Port of Oakland adds geothermal to its energy mix
The Port of Oakland has purchased up to $13.5m worth of geothermal energy over 12 years. Port of Oakland said…
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Renewables
IKEA owner Ingka buys stake in OX2’s offshore wind projects in Finland
Renewable energy developer OX2 has sold a 49% stake in its three offshore wind projects in Finland to IKEA owner…
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Offshore
KCA Deutag wins $70m worth of drilling deals in UK North Sea
Drilling and engineering contractor KCA Deutag has been awarded new contracts and extensions with a total value of over $70m…
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Environment
Spain seen as green shipping corridor hub
A recent study by the Global Maritime Forum has identified Spain as a hub for green shipping corridors towards the…
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Dry Cargo
Diana Shipping finds work for ultramax with Western Bulk Carriers
Greek bulker owner Diana Shipping has entered into a time charter contract with Western Bulk Carriers, for one of its…
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