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Americas
BP to honour Diamond Offshore rig contract despite abandoning Australian project
US offshore driller Diamond Offshore Drilling has received notification from BP that it will not terminate a contract for Diamond…
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Europe
Changing of the guard for Sevan Marine
Norwegian offshore firm Sevan Marine has made changes to management with CFO Reese McNeel replacing Carl Lieungh as the company’s CEO.…
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Asia
Further blow for Korean shipping as 7,000 truck drivers stage walkout
South Korea’s shipping industry has been dealt another major blow today with around 7,000 unionised truck drivers staging a walkout…
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Europe
French government prepares takeover of STX France
STX France, which is 66.64% owned by South Korea’s bankrupt STX Offshore & Shipbuilding, may see the French government step in to take…
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Greater China
Noble Group sells US energy business
Hong Kong-headquartered commodity giant Noble Group has agreed a deal for the sale of its US electricity business, Noble Americas…
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Asia
Claxton reveals new gig at Magsaysay Transport and Logistics Group
Shipping veteran Ian Claxton has taken up the role of president and CEO at Magsaysay Transport and Logistics Group (MTLG)…
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Europe
Trafigura offloads MR tankers in sale and leaseback deal
Swiss commodity trader Trafigura has sealed a structured sale and lease back deal with China’s Bank of Communications Financial Leasing…
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Asia
Rickmers Maritime tells investors to put up or wind up
Rickmers Trust Management, the trustee-manager of Singapore-listed Rickmers Maritime, has called an extraordinary general meeting where noteholders will vote on…
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Europe
Hempel fires four staff in Germany for bribing ship managers
Danish coating supplier Hempel has revealed that German authorities are investigating alleged bribery performed by employees of Hempel Germany to ship…
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Europe
Port of London pilot killed while boarding ship
Port of London Authority (PLA) has issued a statement confirming the death of one of its pilots Wednesday night around…
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Asia
Swiber Holdings to default again on notes
Singapore offshore operator Swiber Holdings has said it is unable to redeem and pay the upcoming coupon payment for its…
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Asia
ABG Shipyard to offload Goa repair yard
India’s ABG Shipyard decided at a board meeting yesterday to sell off subsidiary Western India Shipyard. Western India Shipyard is…
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Europe
Atlantic Offshore converting MRV for emergency response
Norway’s Atlantic Offshore is sending multi-role vessel off for conversion works to become a full oil recovery and oil spill vessel.…
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Asia
HMM makes transpacific service permanent in wake of Hanjin bankruptcy
South Korea’s Hyundai Merchant Marine (HMM) is making emergency transpacific services permanent in the wake of Hanjin Shipping’s bankruptcy. HMM…
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Asia
Swiber Holdings gets court approval for judicial management
Singapore offshore operator Swiber Holdings, which sought judicial management in July having earlier announced its liquidation, has been given the green…
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Europe
Volkswagen commits to Siem car carriers powered by LNG
Germany’s Volkswagen Group has opted for environmentally friendly transportation of its vehicles by committing to use two Siem Car Carriers…
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Asia
ICICI Bank takes 11% stake in ABG Shipyard in debt-for-equity deal
Indian multinational bank ICICI Bank has taken over 11 million shares in ABG Shipyard in a debt-for-equity deal that gives…
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Asia
AusGroup wins support for debt restructuring
Australian oil & gas construction, maintenance and fabrication firm has been given a boost by investors in Singapore after it…
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Europe
Fugro and CGG joint venture secures survey extension from ADNOC
Seabed Geosolutions, a joint venture between Fugro and CGG, has secured an extension from Abu Dhabi National Oil Company (ADNOC)…
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Europe
DOF Subsea scores decommissioning contract from Ithaca Energy
Norway’s DOF Subsea has won a contract from Ithaca Energy for the first phase of the decommissioning of the Athena…
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