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Europe
Nordic American Tankers confirms sale of two vessels
Nordic American Tankers (NAT) has confirmed the sale of two suezmax tankers from its fleet, having telegraphed the move in…
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Asia
Another elderly Polaris VLOC in trouble
South Korean owner Polaris Shipping’s 1994-built very large ore carrier suffered a fire in its engine room off the Brazilian…
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Europe
Scorpio Tankers inks another sale and leaseback deal
Emanuele Lauro’s Scorpio Tankers has sealed a deal to sell and leaseback six MR product tankers to China Huarong Shipping…
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Americas
McDermott awarded Vietnam contract
Offshore engineering specialist McDermott International has been awarded a transportation and installation subcontract by PetroVietnam Technical Services Corporation (PTSC) for…
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Europe
DryShips acquires newcastlemax and suezmax from Economou
Greek owner DryShips has entered into agreement to acquire one 2013-built newcastlemax bulker and one 2017-built suezmax tanker. The vessels…
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Europe
PGS and TGS team up on Barents Sea survey project
Offshore survey specilists Petroleum Geo-Services (PGS) and TGS will join their efforts for a large 3D survey project in the…
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Greater China
CMES and ICBC Leasing team up to invest in six VLOCs
China Merchants Energy Shipping (CMES) subsidiary China VLOC Investment has entered into an agreement with VLOC Maritime Holdings, a unit…
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Europe
Flex LNG CEO steps down
John Fredriksen’s Flex LNG has announced that CEO Jonathan Cook has resigned, a role he has held since June 2016.…
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Asia
Seoul creates special industrial crisis response zones to aid ailing shipbuilders
With more than 100,000 Korean shipbuilders out of work in the past two years, and whole towns devastated by the…
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Greater China
Wisdom Marine eyes more LPG carriers
Taiwanese bulker owner Wisdom Marine is looking to evaluate the feasibility of expanding its presence in the LPG market this…
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Europe
DOF secures two more contracts
Norwegian offshore vessel operator DOF has secured contracts for two of its vessels. Norskan Offshore, a subsidiary of DOF, has…
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Europe
Klaveness sets up in Dubai
Norwegian owner Torvald Klaveness has expanded its presence in the Middle East by setting up an office in Dubai. The…
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Europe
Ocean Rig seals agreement with ConocoPhillips
George Economou’s offshore drilling company Ocean Rig has signed a master service agreement with ConocoPhillips Skandinavia for a term of…
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Greater China
Bankrupt Zhejiang Yingzhou Shipyard taken over by fishery group
China’s Ping Tai Rong Ocean Fishery Group has acquired the assets of bankrupt Zhoushan Yingzhou Shipyard in a court-led auction…
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Asia
Meghna orders ultramax pair at Taizhou Sanfu
Bangladeshi owner Meghna Marine has placed an order at China’s Taizhou Shipbuilding for the construction of a 64,000dwt ultramax bulker,…
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Greater China
ZPMC awarded wind farm EPCI contract
Shanghai Zhenhua Heavy Industries (ZPMC) has secured an offshore engineering contract from the operator of Datang Jiangsu Binhai Wind Farm.…
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Greater China
CSC Phoenix fails to extend charters, faces imminent capacity shortage
China’s CSC Phoenix has failed to negotiate new charter contracts for a total of 13 bulkers with its former parent…
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Europe
Odfjell Drilling secures Atlantic drilling contract from Equinor
Odfjell Drilling has signed a contract with Equinor, formerly known as Statoil, for its semi-submersible drilling platform for six firm…
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Asia
Hyundai Merchant Marine exits the transatlantic trades
South Korean shipping major Hyundai Merchant Marine (HMM) is exiting from the transatlantic container trades by terminating service of two…
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Contributions
Are VLCCs anywhere near bottoming out?
Chief correspondent Jason Jiang warns there’s more pain in store for tanker owners. The crude tanker market is suffering some…
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