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Europe
Maersk acquires US customs broker
Danish shipping giant A.P. Moeller-Maersk has completed its first acquisition this year by acquiring New Jersey-based customs broker Vandegrift to…
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Greater China
CSC Phoenix parent files for bankruptcy
Tianjin Shunhang Shipping, the controlling shareholder of dry bulk operator CSC Phoenix, has applied for bankruptcy with Tianjin Intermediate People’s…
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Europe
Nordic American Tankers secures $306m refinancing
Nordic American Tankers (NAT) has entered into a five-year $306m senior secured credit agreement arranged by CSG Investments, and funded…
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Greater China
Formosa Plastics continues fleet clearout
Taiwanese conglomerate Formosa Plastics is continuing efforts to downsize its fleet, having listed two more tankers for sale. According to…
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Greater China
JES files for judicial management
JES International Holdings, a Singapore-listed defunct Chinese shipbuilder, has announced that an application has been filed in the high court…
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Europe
Transocean awarded slew of new contracts
Offshore driller Transocean has secured a series of new contracts, adding around $907m in contract backlog, according to the company’s…
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Asia
Barakah Offshore awarded five-year contract from IPC Malaysia
Barakah Offshore Petroleum has secured a five-year farm-in agreement from IPC Malaysia to provide maintenance, construction and modification services in…
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Europe
TGS and CGG awarded Barents Sea survey project
Offshore survey specialists TGS and CGG have partnered up for a survey in the Barents Sea. The survey will include…
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Asia
Search for Stellar Daisy starts
US ocean exploration company Ocean Infinity has announced that it has mobilised its survey vessel from Cape Town to begin…
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Asia
Hyundai Heavy workers voice concern about taking over DSME
The labour union of South Korean shipyard Hyundai Heavy Industries (HHI) has demanded the company involve the organisation in the…
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Europe
Boskalis offloads stake in SAAM SMIT Towage
Dutch group Boskalis has entered into an agreement to sell its stake in towage unit SAAM SMIT Towage to joint…
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Middle East
Shelf Drilling secures jackup extension from Chevron
Dubai-based rig operator Shelf Drilling has secured a six-month contract extension for its jackup rig in direct continuation of its…
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Greater China
Simon Liang-controlled company sues CIMC Enric
China International Marine Containers (CIMC) has announced that subsidiary CIMC Enric is being sued by SOEG Pte, a Singapore Holding…
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Asia
Samsung Heavy terminates three Delos VLEC contracts
South Korean yard Samsung Heavy Industries has announced the termination of shipbuilding contracts with a North American owner for three…
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Greater China
DSIC gets class approval for two LNG-powered bulker designs
Classification society ABS has granted approval in principle for two LNG powered designs by Dalian Shipbuilding Industry (DSIC). The deigns…
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Greater China
Merger talk heats up between China’s top shipbuilders in wake of Korean yard consolidation
With news from across the Yellow Sea yesterday of the merger of two of the world’s largest shipbuilders, DSME and…
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Greater China
TS Lines planning fleet expansion
Taiwanese shipping line TS Lines is looking to expand its self-owned fleet to support the expansion of its shipping network.…
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Ports and Logistics
Port Augusta to resume commercial shipping for first time in 50 years
Port Augusta in South Australia is expected to resume commercial shipping for first time in half a century as the…
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Asia
Kawasaki Heavy Industry unveils LNG-powered bulker design
Japanese shipbuilder Kawasaki Heavy Industry has completed the development of a design for a 200,000 dwt bulk carrier powered by…
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Greater China
CNOOC secures offshore survey contract in Iraq
China National Offshore Oil Corporation (CNOOC) has entered into an agreement with Iraq to conduct seismic survey for two oil…
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