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Environment
Norsepower to install tiltable rotor sails on Sea-Cargo vessel
Finnish auxiliary wind propulsion system provider Norsepower has entered into an agreement with Sea-Cargo, a logistics provider in the North…
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Gas
Zhejiang Satellite Petrochemical seeks buyer for six VLEC newbuilds
Chinese company Zhejiang Satellite Petrochemical has announced a plan to sell six 98,000 VLECs and charter them back for shipping…
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Gas
Liquid carbon dioxide transport project launched in Gothenburg
Sweden has announced a plan to build common infrastructure for the transportation of liquid carbon dioxide extracted through carbon capture…
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Shipyards
New investors to take over Shanghai Bestway
Financially troubled shipbuilding and ship design group Shanghai Bestway Marine Engineering Design has entered into an agreement with investors Xiamen…
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Operations
Weekly Broker: Dry bulk on the run
The decent transaction flow in the second hand bulker sale and purchase market continued for another week with the rates…
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Dry Cargo
CSC Phoenix to scrap handy bulker
Chinese dry bulk shipping operator CSC Phoenix has announced a plan to list its 1987-built 42,336 dwt handy bulker for…
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Offshore
Miclyn Express Offshore secures contract extensions in Brunei
Singapore-based offshore vessel operator Miclyn Express Offshore (MEO) has secured a three-year long term contract extension for four crew boats…
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Offshore
TechnipFMC secures major Equinor contracts
Offshore engineering specialist TechnipFMC has been awarded a letter of intent from Equinor for pipelaying and subsea installation for three…
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Finance and Insurance
Fred. Olsen Windcarrier secures green financing
Fred. Olsen Windcarrier has entered into two new long-term debt financing arrangements related to offshore wind turbine transportation and installation jackup…
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Dry Cargo
Shanghai Ganglu Shipping orders supramax pair at Yangzijiang
Chinese bulk shipping operator Shanghai Ganglu Shipping has signed shipbuilding contracts with Yangzijiang Shipbuilding for the construction of two 56,000…
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Gas
Tung family buys into GasLog
Hong Kong’s Tung family has become the newest shareholder of New York-listed LNG carrier operator GasLog. GasLog announced that it has sold…
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Tankers
Stena Bulk to offer low carbon shipping options
Swedish owner Stena Bulk is set to offer low carbon shipping options to its customers following its recent biofuel trial…
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Shipyards
China Ocean Industry settles dispute with debt for equity deal
Financially troubled shipbuilding group China Ocean Industry has announced that it has received of enforcement ruling from a court in…
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Operations
TFG Marine CEO to depart after just two months in charge
TFG Marine, the marine fuels joint venture between Trafigura and John Fredriksen’s Frontline and Golden Ocean, has announced that its…
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Middle East
Milaha commences reorganisation
Qatar’s state-run shipping and logistics major Milaha has announced a reorganisation of the company as it looks to focus on…
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Offshore
Wilhelmsen establishes wind logistics firm
Abnormal Load Services (ALS) and Norsea, two offshore service providers, have jointly established Elevon, a company solely focused on wind…
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Offshore
Polarcus streamlines operations with 20% headcount reduction
Offshore survey specialist Polarcus has implemented actions to streamline its operations further, following on from a $15m cost reduction plan…
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Dry Cargo
Wisdom Marine raising cash for fleet expansion
Taiwanese bulk shipping operator Wisdom Marine has announced a plan to raise $63.8m from its current shareholders. The share offering…
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Dry Cargo
Zheshang Development takes over Zhejiang Shipping Group
State-run commodity trader Zheshang Development has announced a restructuring plan to take over bulk shipping operator Zhejiang Shipping Group. Under…
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Bunkering
China launches low-sulphur fuel futures
China has started the trading of the futures of low-sulphur fuel on the Shanghai International Energy Exchange from today. Prior…
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