Asia
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Orix in $2bn deal to take over Osaka’s largest shipowner
Japanese financial services company Orix Corporation has bought Osaka’s largest shipowner, Santoku Senpaku, in a deal valued at $2bn. The…
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K Line buys French kite manufacturer
The biggest client of a ship kite system originally developed by Airbus has become such a fan that it has…
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Crew evacuated from sinking general cargo ship off South Korea
A crew of 11 seafarers were evacuated from a Korean general cargo vessel taking on water in rough weather near…
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Aker Solutions, Principle Power score work on Korean 1GW floating wind project
Copenhagen Infrastructure Partners (CIP) has awarded a front-end engineering and design (FEED) contract to Aker Solutions and Principle Power for…
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Solvang presses ahead with landmark CCS retrofit
Singaporean yard giant Seatrium has secured the world’s first full-scale, turnkey carbon capture and storage (CCS) retrofit from Norway’s Solvang.…
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MOL completes carbon insetting pilot from net zero voyage
Japan’s Mitsui O.S.K. Lines (MOL) has completed an insetting pilot with 123Carbon by tokenising the GHG emission reductions from the…
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Sumitomo Heavy exits commercial shipbuilding
Japanese shipyard Sumitomo Heavy Industries Marine & Engineering has decided to stop taking new orders for commercial vessels. The yard…
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Perdana wins accommodation barge deal and extension for another
Malaysian offshore marine support services firm Perdana Petroleum has won a contract for one accommodation work barge and an extension…
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Top names in shipbuilding, energy and shipowning join forces to develop liquefied hydrogen carriers
The nascent seaborne liquefied hydrogen trades have received a big boost with Japan’s largest shipowner teaming with South Korea’s largest…
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Manila readies to charge shipowner over tanker sinking
The Department of Justice (DOJ) in Manila is finally getting around to press charges against the shipping company RDC Reield…
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Stena Bulk charters in MR tanker newbuild quartet
Swedish shipowner Stena Bulk has expanded its fleet with long-term charter agreements for four eco medium range (MR) tanker newbuilds.…
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Cyan Renewables clinches Siemens Gamesa charter for SOV newbuild in Taiwan
Singapore-based offshore wind vessel pure-play Cyan Renewables has landed a 15-year charter deal with wind turbine maker Siemens Gamesa for…
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Dayang secures extensions for vessel trio from Petronas Carigali
Malaysia’s Dayang Enterprise has secured more work for three of its accommodation workboats from compatriot Petronas Carigali. DESB Marine Services,…
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Valeura Energy buys FSO working on Nong Yao field off Thailand
Canadian operator Valeura Energy has exercised its purchase option to acquire Nong Yao field’s , previously under lease from an…
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KNOT signs for more shuttle tankers in China
Knutsen NYK Offshore Tankers (KNOT) has penned a new contract with Cosco Shipping Heavy Industry (Zhoushan) for up to four…
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L&T awarded significant contract in Middle East
Indian engineering conglomerate Larsen & Toubro (L&T) has landed a significant contract from an undisclosed Middle East operator. The deal…
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India forecast to lead oil demand growth this decade
India will surpass China as the largest source of oil demand growth in the world this decade, according to a…
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ExxonMobil lines up shuttle tanker newbuilds
US supermajor ExxonMobil has reserved up to four slots for shuttle tanker newbuilds in South Korea. Shipbuilding sources report Samsung…
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Norwegian survey players scoop survey deals off India
Norwegian offshore seismic specialists Argeo and Shearwater have won separate survey contracts offshore India. Argeo’s NOK 154m ($14.5m) contract was…
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Polaris Shipping CEO jailed as takeover stalls and fleet culled
Polaris Shipping, one of South Korea’s largest shipowners, is enduring turbulent times, its CEO sentenced, a proposed takeover on the…
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