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Greater China
Beihai Shipping signs order for shuttle tanker pair with DSIC
Shanghai-based Beihai Shipping has entered into a shipbuilding contract with Dalian Shipbuilding Industry (DSIC) for the construction of two 155,000…
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Ports and Logistics
Chinese reefer delays escalate as fears grow of Covid relapses from frozen food imports
Fearing Covid strains could enter the country on frozen food imports, China is upping its checks on reefer shipments, leading…
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Middle East
Combi Lift secures contract to dispose of chemicals from Beirut Port
German heavy lift shipping specialist Combi Lift has secured a $3.6m contract to dispose of 49 containers of flammable chemicals from…
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Offshore
BW Offshore halts New Zealand FPSO liquidation
BW Offshore has entered into an agreement with the New Zealand government regarding the demobilisation of the FPSO . Tamarind…
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Gas
Golar LNG forms green partnership with Black & Veatch
Golar LNG has signed agreement with US-based engineering and construction company Black & Veatch Corporation to collaborate in the field of floating…
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Operations
Iranian shipping companies blacklisted in latest US sanctions
The US has imposed a new round of sanctions against Iran, blacklisting a foundation controlled by supreme leader Ayatollah Ali…
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Operations
Bunkering vessel hijacked in Gulf of Guinea
The piracy situation in the Gulf of Guinea continues to be critical with yet another hijacking incident occurring near south…
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Operations
Weekly Broker: Smaller bulk carriers dominate
The flourishing bulk carrier sale and purchase market saw a slight slowdown this week with smaller vessels dominating the market…
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Dry Cargo
Golden Ocean significantly lowers breakeven on 14 capesizes with refinancing
John Fredriksen’s Golden Ocean has entered into a new loan agreement to refinance a $425m credit facility secured by 14 capesize bulkers.…
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Shipyards
Hyundai Mipo terminates car carrier newbuilding contract
South Korean shipbuilder Hyundai Mipo Dockyard has announced the termination of a newbuilding contract for the construction of four pure…
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Gas
Hoegh LNG awarded FSRU supply contract by H-Energy
Norway’s Hoegh LNG Holdings has entered into a binding commitment to supply an FSRU to H-Energy in Jaigarh, India from the first…
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Tankers
ADS, shorn of its VLCC fleet, outlines future investments
Bjørn Tore Larsen, chairman of ADS Crude Carriers, has outlined why the company decided to sell off its fleet of…
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Renewables
Windthrust unveils floating port and installation vessel for offshore wind farms
Windthrust, a wholly owned subsidiary of Perth-based National Ports Corporation, has revealed its plans to develop a combined self-propelled floating port…
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Renewables
Prysmian secures cable supply and installation contract from RWE Renewables
Italy’s Prysmian Group has secured a contract from RWE Renewables for the design, supply, offshore route preparation, installation, commissioning and…
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Tech
Arribatec Solutions acquires IB Marine Group
Oslo-based software and consulting company Arribatec Solutions has entered into agreements to secure an option to acquire IB Marine Group,…
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Dry Cargo
Oldendorff seals Chinese financial leasing deal for ultramax sextet
CDB Financial Leasing, the leasing unit of China Development Bank, has announced the acquisition of six 60,000 dwt ultramax bulk…
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Operations
Five crew kidnapped off Nigeria
Criminal syndicates are trawling the seas off West Africa, swooping for kidnap-for-ransom targets with security firms describing the current risk…
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Renewables
Fred Olsen and Hafslund Eco form offshore wind joint venture
Norway’s Fred Olsen Renewables has entered into an agreement with Hafslund Eco to set up a 50/50 joint venture for the…
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Dry Cargo
Tianjin Shunhang to sell stake in CSC Phoenix
Chinese domestic dry bulk operator CSC Phoenix has announced that the administrators of Tianjin Shunhang Shipping will list its entire…
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Containers
Yang Ming appoints new general manager
Taiwanese containerline Yang Ming Marine Transport has appointed Shu-Chin Du as the new general manager of the company. Du has…
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