Region
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Cosco Shipping teams up with COFCO on grain shipping
Cosco Shipping Bulk has signed a strategic framework agreement with China’s largest grain trader COFCO Group in the latest example…
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Diana Shipping bulker grounded off Indonesia
Greek dry bulk owner Diana Shipping has revealed that employment of 2004-built panamax bulker has been disrupted due to the vessel…
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Cochin Shipyard to launch IPO on August 1
India’s state-run Cochin Shipyard will launch its initial public offering on August 1. The shipyard is looking to raise 1,400-15,00…
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Court to auction off Jiangsu Shenghua Shipbuilding
Jiangsu Zhenjiang Intermediate People’s Court will start an auction for the entire assets of bankrupt Jiangsu Shenghua Shipbuilding via online…
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Hyundai Heavy Industries sells hotel unit as part of restructuring
South Korean shipbuilding group Hyundai Heavy Industries (HHI) has announced that it has sold off its hotels unit Hotel Hyundai…
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Hess Corp follows Anadarko’s footsteps with cut to 2017 capex
New York-based independent oil and gas producer Hess Corporation on Wednesday announced it will cut back its 2017 capital expenditure…
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Exxon subsidiary makes another big find at well offshore Guyana
US oil supermajor Exxon Mobil said on Tuesday that one of its subsidiaries has made another big discovery offshore the…
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Canada’s Supreme Court overturns approval for seismic testing off Nunavut
The Supreme Court of Canada on Wednesday overturned approval for seismic testing in Baffin Bay and Davis Strait, stopping for…
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Atlantic Offshore scraps OSV pair
Atlantic Offshore has sold 1976-built multi-role offshore support vessel Ocean Sprite and 1982-built rescue and recovery vessel Ocean Swan for…
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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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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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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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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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World’s first use of patented rigid sail and solar power system to commence next year
Eco Marine Power (EMP) has begun preparing for sea trials of its Aquarius Marine Renewable Energy (MRE) solution in co-operation…
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K Line exits loss making heavylift sector, selling SAL to Harren & Partner
Kawasaki Kisen Kaisha’s (K Line) decade-long, mistimed adventure into the heavylift sector came to a close today with the sale…
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Seadrill gets extra breathing time, braces investors and yards to take a hit
John Fredriksen’s Seadrill has won some much needed extra breathing space to get its restructuring plan in place. The rig…
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Final day’s trading on the SGX for bust Rickmers Maritime
Today is the final day of trading for Rickmers Maritime on the Singapore Exchange. The failed boxship leasor of Bertam…
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Cosco announces more details of OOCL acquisition
Cosco Shipping has announced more details of its recent offer to take over Hong Kong’s OOIL, the parent of OOCL,…
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Samskip moves to acquire Nor Lines
Rotterdam-headquartered transport and logistics firm Samskip appears to have got one over an old rival, announcing that it is acquiring…
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Panama Canal claws back Asia – US east coast calls
Just over a year since its expansion, the Panama Canal has clawed back most of the all-water traffic between Asia…
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