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Middle East
Shelf Drilling secures contract in Nigeria from Sirius
Dubai-based offshore drilling contractor Shelf Drilling has secured a contract from Sirius Petroleum for its 1981-built jack-up rig to join…
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Asia
HMM secures $5.4bn in state funding
Korea Ocean Business Corporation (KOBC), South Korea’s government-backed ship financing entity, has allocated KRW6.15trn ($5.4bn) funding for HMM’s business expansion.…
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Americas
Hunter Maritime to merge with Chinese fintech company
Hunter Maritime Acquisition Corporation, a dry bulk vehicle created by the Saverys family two years ago, has entered into a…
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Greater China
Guanggu Financial Leasing enters ship leasing sector
Shanghai Guanggu Financial Leasing has entered into the ship leasing sector after securing its first ever ship deal. The company…
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Greater China
Bocomm adds four more kamsarmaxes at CSSC Chengxi
China’s Bank of Communications Leasing (BoComm Leasing) has signed shipbuilding contracts with CSSC Chengxi Shipyard for the construction of four…
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Europe
Ørsted acquires Deepwater Wind
Danish energy firm Ørsted has entered into an agreement with the D.E. Shaw Group to acquire a 100% equity interest…
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Dry Cargo
Weekly Broker: Prices jump on renewed chartering optimism
The strong rebound of sale and purchase activity in the previous week did not continue this week, despite the chartering…
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Greater China
Rongtua Shipping enters shipowning with Dayang ultramax orders
Rongtua Shipping Group, a Singapore-based logistics company which mainly operates business in China, has entered the shipowning business with an…
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Americas
Subsea 7 and OneSubsea awarded Gulf of Mexico contract
Norwegian offshore service provider Subsea 7 has announced the award of a major contract by Fieldwood Energy to Subsea Integration…
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Greater China
Huarong Energy finds buyer for Rongsheng shipbuilding assets
Hong Kong-listed Huarong Energy, formerly Rongsheng Heavy Industries, will soon dispose of its entire shipbuilding assets nearly four years after…
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Greater China
Cosco secures bauxite shipping contract from CHALCO
Cosco Shipping Bulk, the bulk shipping unit of China Cosco Shipping Corporation, has announced that it has secured a long-term…
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Greater China
CSIC Offshore Wind Power orders wind installation platform at Shanhaiguan Shipbuilding
CSIC Offshore Wind Power Engineering & Technology, the offshore engineering unit of Chinese shipbuilding giant CSIC, has placed an order…
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Greater China
John Koo re-enters shipping with ultramax order at Wuhu Shipyard
Glory Maritime International, a new shipping company set up by Hong Kong shipowner John Koo, has officially signed shipbuilding contracts…
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Greater China
Maritime CEO Forum: Chemical tankers picked to appreciate most in next two years
Dr Adam Kent, managing director of UK consultants Maritime Strategies International (MSI), kicked off this year’s Maritime CEO Forum in…
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Europe
Nordic Shipholding breaches loan convenants
Danish tanker operator Nordic Shipholding has breached some of its loan convenants, citing the dire freight rate market. “In view…
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Europe
Ship Finance International sells elderly VLCC
John Fredriksen’s Ship Finance International has entered into an agreement to sell the 2001-built VLCC to an unrelated third party.…
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Europe
Wärtsilä splits marine and energy businesses
Finnish maritime technology group Wärtsilä has decided to reorganise into two business areas, Wärtsilä Marine Business and Wärtsilä Energy Business,…
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Europe
Golden Energy Offshore secures contract extension from Total
Norwegian OSV operator Golden Energy Offshore Services has secured a two-month extension from Total Nigeria for platform supply vessel in…
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Europe
Scorpio opts for scrubbers for majority of fleet
Lauro Emanuele’s Scorpio Group has made the decision to install scrubbers on the majority of its fleet. According to Cameron…
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Asia
Cosco tipped to buy Singamas
Pacific International Lines (PIL) has got an old friend to come in and buy its shares in subsidiary Singamas, the…
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