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Europe
DeepOcean buys Searov Offshore
Subsea operator DeepOcean has acquired French company Searov Offshore. Searov, established in 2008, is an ROV service provider with a…
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Asia
Gwadar eyes new shipyard
Gwadar, the Chinese bankrolled port city near Pakistan’s border with Iran, is looking at building a massive shipbuilding complex to…
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Asia
Bangladesh Shipping Corporation in negotiations for eight more Chinese ships
Bangladesh Shipping Corporation (BSC) is in negotiations with Chinese lenders for an eight-ship order. BSC already has three bulk carriers…
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Asia
Cargill and Mitsui team up for new China cape foray
Agricultural commodities giant Cargill has teamed up once again with Japanese trading house Mitsui & Co to take advantage of…
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Europe
Bourbon finalises debt rescheduling
France’s largest OSV operator Bourbon has finalised its debt rescheduling. Bourbon has managed to reschedule the maturities of most of…
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Asia
Tan Binh makes $1.55m profit from latest asset play
One of Southeast Asia’s most adroit dry bulk asset players has made another tidy profit on a ship sale. Tan…
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Asia
Politicians approve ‘Magna Carta’ for Filipino seafarers
The House of Representatives in Manila has voted unanimously in favour of what has been dubbed the “Magna Carta for…
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Greater China
Wison delivers world’s first FLNG barge to Exmar
China-based Wison Offshore & Marine has completed the final delivery for the world’s first barge-based floating natural gas liquefaction and…
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Europe
STX France to be nationalised
A shipyard on France’s Atlantic coast finds itself at the centre of a diplomatic spat. The nation’s new president, Emmanuel…
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Europe
21% of all jackups need to be scrapped
More than one in five jackups need to be scrapped, according to a new report by consultants Rystad Energy. “With…
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Asia
Strike on the cards at Gadani
The local trade union at the Gadani shipbreaking area in Pakistan has warned its members will strike from the middle…
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Europe
EU demands France and Belgium stop giving ports corporate tax exemptions
The European Commission yesterday demanded Belgium and France end corporate tax exemptions granted to their ports. The commission also warned…
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Americas
Brookfield takes over Teekay Offshore Partners
Canadian asset manager Brookfield Business Partners is spending around $750m to take a majority 60% stake in Teekay Offshore Partners,…
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Asia
HMM disputes $10bn expansion reports
Hyundai Merchant Marine (HMM) officials are disputing local media reports that the line is tapping state-backed Korea Development Bank (KDB)…
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Greater China
Noble Group to slash headcount to just 400
Noble Group, Asia’s largest commodities trader at the start of this decade, will slash its staff to just 400 in…
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Asia
Indian consulate in Dubai names and shames companies abandoning crews
The Indian consulate in Dubai has issued an advisory in the wake of being inundated with many shocking cases of…
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Americas
Brazilian cabotage carrier finally cancels orders for ships placed 10 years ago
Brazilian cabotage carrier Log-In Logistica has formally cancelled much delayed orders for three 2,800 teu newbuildings placed with the Rio…
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Americas
Petronas cancels huge British Columbia liquefaction project
Pacific NorthWest LNG, a subsidiary of Mlaysian energy giant Petronas, has cancelled its planed $36bn liquefaction plant in Port Edward,…
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Ports and Logistics
New Cameroon terminal will handle ships of up to 11,000 teu in capacity
CMA CGM, Bolloré Transport & Logistics and China Harbour Engineering Company yesterday held the official signing ceremony for the concession…
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Asia
Graft within Bangladesh shipping attacked
Four NGOs in Bangladesh are calling for management at the nation’s Shipping Ministry to be forced to publish their bank…
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