Europe
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Golden Union paying $32.5m for brand new cape
Brokers are linking Greece’s Golden Union with a $32.5m raid for a brand new 180,000 Chinese-built capesize. Golden Union is…
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James Fisher buys Singaporean diving specialist
British marine engineering outfit James Fisher has bought Singaporean firms Lexmar Engineering and Lexmar Sat Systems. The initial consideration is…
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Capital Product Partners fixes two tankers to its sponsor
Capital Product Partners (CPP) has fixed two tankers to its sponsor company Capital Maritime & Trading Corp. The LR3 tanker Miltiadis M…
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Global Shipper Forum plans to stop shipping surcharges within five years
Members of the Global Shipper Forum (GSF) aim to stop container shipping surcharges within five years and plan to take action…
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ConocoPhillips and Marathon Oil terminate Maersk drillship contract
A pair of Houston-based companies, ConocoPhillips and Marathon Oil announced on Thursday that they have signed an early termination agreement…
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Shipping must adopt more transparent corporate governance: Moore Stephens
The shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to business and reputational…
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Super Eco Tankers: New investments and partnerships
Super Eco Tankers Management is one very few Greek shipping firms to still be ordering new tonnage. It chose to…
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Gas leak halts production on FPSO Alvheim
The FPSO is back operating normally today following a gas leak on Thursday morning. The Det norske operated FPSO suffered…
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Statoil acquires interest in Santos Basin license from Petrobras
Statoil and Petrobras have reached an agreement that will see Statoil acquire from Petrobras a 66% operating interest of the…
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DOF Subsea wins support contract for Shell’s Prelude project
Shell Australia has awarded DOF Subsea with a five-year contract to provide a full-time underwater services and a multi-purpose supply…
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Spot rates for crude tankers nearing two-year lows
The rout in VLCC and suezmax markets continued again today, with spot rates in both segments nearing the lowest levels…
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Vard secures contract for three vessels
Vard Holdings has announced it has secured a $70m contract for the design and construction of three vessels for an…
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Damen unveils specialised decommissioning vessel concept
Damen Shipyards has unveiled a new concept design for a new series of vessel for decommissioning oil and gas projects.…
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Diana capesize fixed on period charter
Another day, another capesize period fixture – today, Diana shipping is reported to have fixed one of its capes to…
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Bibby Offshore wins North Sea inspection and construction contract
Bibby Offshore has won a contract from an unnamed independent UK-based exploration and production (E&P) company to provide air diving…
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REM and Solstad to merge
Kjell Inge Røkke has won his latest battle to steer further consolidation in Norway’s OSV scene. The Aker boss took…
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Saipem secures Indonesia work from BP
Italian oil and gas contractor Saipem has been awarded two new E&C contracts by BP Berau for onshore and offshore…
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Euronav swoops for pair of VLCC resales
Paddy Rodgers-led Euronav has swooped for a pair of resale VLCCs. The 300,000 dwt tankers, ordered by American firm Madison…
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All offshore roads lead north
Despite a slump in oil prices, there has been a surge of activity in the North Norwegian offshore sector. Herman…
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US court finds asphalt company liable in 12-year-old oil spill on Delaware River
A US federal district court in Philadelphia has reversed a six-year-old decision in the case of a 2004 oil spill…
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