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Bankrupt Qingdao Yangfan Shipbuilding seeks new investors
Bankrupt Chinese shipyard Qingdao Yangfan Shipbuilding has released a notice seeking new investors to restructure the yard. The shipyard went…
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CSL takes second handy of the year
Canadian outfit CSL Group has pounced on the Japanese controlled handysize bulker , paying Yahata Trader $8.5m for the seven-year-old…
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Ocean Network Express: ‘Large enough to survive, small enough to care’
In his first official interview since being anointed the boss of Ocean Network Express (ONE), Jeremy Nixon today tells Maritime…
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Class action law suits launched against DryShips
Several US law firms have launched class actions against George Economou’s DryShips on Friday alleging the company has violated federal…
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Hyundai Glovis acquires Eusu Ship Management
Hyundai Glovis, the logistics unit of Hyundai Motor Group, has signed an agreement with South Korea’s Eusu Holding to take…
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The intriguing marriage dance of OOCL and Cosco
The container shipping consolidation claimed another mid-size player and, if approved, will catapult the buyer into the small group of…
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Yang Ming’s recapitalisation plan continues with new share offering
Taiwanese shipping firm Yang Ming has announced a plan to issue 500m new shares to raise NTD5bn ($164m) as part…
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Japanese flock for Hyundai Vinashin MRs
Hyundai Vinashin in northern Vietnam has signed a contract for a series of five 50,000 dwt MR product tankers from…
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MSC settles with Mogadishu over internet outage
A ship that switched the internet off for the whole of Somalia faces a large bill from Mogadishu. The feeder…
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Fire hits windfarm off Jiangsu, one missing
A fire broke out on an offshore substation platform at the SPIC Binhai North windfarm near Yancheng, Jiangsu on Saturday.…
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Leap in Chinese overseas port investments
China’s spending on overseas ports has doubled in the past 12 months as state-backed firms lead Beijing’s Belt and Road…
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China a fragile commodity for dry bulk sector fortunes
Shipowners have every reason to be satisfied with the start of 2017 but a weaker Q2 could set the stage…
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S.D. Standard Drilling secures PSV contract
S.D. Standard Drilling has secured a contract from energy logistics firm Peterson for platform supply vessel . The vessel has…
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Thoresen Thai returns to Santoku Sanpaku for supramax addition
Thoresen Thai Agencies is continuing to expand its supramax fleet with the acquisition of 2008-built bulk carrier from Japanese owner…
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US port infrastructure grants face axe under funding plan
TIGER grants, which have benefited US ports since 2009, have moved nearer being eliminated with the House of Representatives’ Appropriations…
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US Gulf of Mexico lease sale will offer nearly 76 million acres
The US Department of the Interior (DOI) has announced that its offshore Lease Sale 249 will offer almost 76 million…
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USCG helicopter crew airlift distressed man from OSV off Texas
A US Coast Guard helicopter crew successfully evacuated a man in distress from an offshore supply vessel in the Gulf…
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IEA data predicts US will become the world’s second-biggest LNG exporter by 2022
The International Energy Agency (IEA) says that the US is less than five years away from becoming the world’s second…
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Cobalt expanding Anchor development in Gulf of Mexico
Houston-based independent oil E&P firm Cobalt Energy is expanding its Anchor development in the Gulf of Mexico to include two…
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Fred Olsen Energy to decommission semi-sub
Norwegian company Fred Olsen Energy has decided to decommission elderly semi-submersible rig in the third quarter. The 1975-built rig is…
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