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Dry Cargo
Weekly Broker: Owners pin hopes on Year of the Pig
The year of the dog is fading out with barely a bark, with owners hoping the upcoming Chinese New Year…
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Europe
DOF awarded PSV contract
Norwegian OSV operator DOF has been awarded a two-year contract by a major North Sea operator for its 2011-built platform…
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Europe
Transocean raising $550m via note offering to fund drillship acquisition
Offshore drilling contractor Transocean is raising $550m via a senior secured note offering, with net proceeds to be used to partially…
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Greater China
Waigaoqiao Shipbuilding partners up with Honghua Offshore
CSSC-affilated Waigaoqiao Shipbuilding has entered into an agreement with offshore equipment manufacturer Honghua Offshore to explore collaboration opportunities in the…
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Greater China
CNOOC makes offshore wind market return
Chinese state-run energy giant CNOOC has made a returned to the offshore wind sector with its first investment since 2014.…
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Middle East
Fujairah latest to ban open-loop scrubbers
The port of Fujairah in the United Arab Emirates, a major bunkering hub, has banned the use of open-loop scrubbers,…
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Europe
Tsakos orders suezmax pair at Hyundai Samho
Greek owner Nikolas Tsakos’ tanker unit Tsakos Energy Navigation (TEN) has placed an order at South Korean yard Hyundai Samho…
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Asia
NYK Bulk & Projects Carriers secures biomass fuel transport contracts
NYK Bulk & Projects Carriers, the bulker unit of NYK, has secured long term biomass fuel transport contracts from two…
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Asia
Kumiai Navigation offloads VLGC
Singapore-based Kumiai Navigation has sold its 2001-built 79,500 cu m VLGC , as it looks to optimise its LPG tanker…
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Greater China
China Merchants increases its investment in Djibouti
China Merchants Port Holdings (CMPH) has entered into agreements with its joint venture partners Djibouti Asset Company to provide a…
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Greater China
Lianyungang Port invests in intermodal hub in Khorgos
Lianyungang Port Group has signed an agreement with the government of Khorgos for the development of an intermodal hub in…
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Greater China
Nanjing Tanker eyes LNG shipping market
Nanjing Tanker, the tanker unit of Sinotrans & CSC, is considering diversifying its business into the LNG shipping market, the…
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Greater China
General cargo ship sinks near Fujian, one missing
Chinese general cargo ship Zhong Xing 689 sank near Pingtan of Fujian yesterday, while it was sailing from Shantou to…
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Europe
GC Rieber Shipping secures management contract from Statnett Transport
Norway’s GC Rieber Shipping has entered into a ship management contract with Statnett Transport for technical management of Statnett’s ro-ro…
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Greater China
China plans new round of consolidation for maritime sector
Beijing is planning a new round of consolidation for several industries to further push forward its strategy to optimise state-owned…
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Europe
WEC Lines fined for illegal scrapping
Dutch boxship operator WEC Lines has been fined by local prosecutors for selling an old containership for scrapping on the…
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Europe
Golden Energy Offshore re-acquires cancelled PSV pair
China’s offshore yard Jiangsu Rainbow Heavy Industries (RHI) has signed an agreement with Golden Energy Offshore for the sale of…
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Greater China
China Development Bank acquires two newbuild tankers
China Development Bank has acquired newbuild 11,780 dwt product tanker pair Xinghang 21 and Xinghang 22 at Taizhou Zhongzhou Shipbuilding…
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Greater China
China Merchants raises $1.47bn for Liaoning ports development
China Merchants Group has issued RMB10bn ($1.47bn) worth of bonds with a maturity of five years starting from January 18.…
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Greater China
CSSC avoids delisting with asset sell-off
Chinese state-run shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) has announced an estimated net profit of between RMB435m ($64m) and…
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