Region
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Cargill buys panamax pair
Cargill has bought a pair of panamaxes – a rare foray into vessel ownership for the massive dry bulk shipper.…
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Bergen Group acquires AAK Energy Services
Norwegian maritime service company Bergen Group has entered into an agreement to purchase AAK Energy Services, an engineering firm in…
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Yinson Holdings forms joint venture with PetroVietnam
Malaysia’s Yinson Holdings subsidiary Yinson Clover has entered a consortium agreement with PetroVietnam Technical Services Corporation (PTSC) to jointly undertake…
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Wagenborg secures five-year charter for MPV
Dutch owner Wagenborg Offshore has been awarded a long-term vessel contract by Fathom Marine. The contract will see Wagenborg’s multipurpose…
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Louisiana official named head of BSEE
A former Louisiana state official has been named the new head of the US Bureau of Safety and Environmental Enforcement…
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Benetech takes LR1 for $17m
In the products sector Japan’s Doun Kisen Kaisha has sold its ten-year-old LR1 to Greece’s Benetech Shipping for a price,…
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Founders of Yahoo! and PayPal invest in new bulk broking tool
Silicon Valley has come in with an initial $2.5m to support Shipamax, a new bulk broking tool. Shipamax’s founders say…
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Russian ships targeted by Islamic State now under escort through the Bosphorus
Combined Turkish forces are escorting Russian ships through the Bosphorus Strait as a result of an intelligence tip that Islamic…
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UK special forces deployed to inspect inbound LNG carriers over terrorist threat
Divers working for the UK’s special forces are inspecting LNG carriers bound for Britain over fears Al Qaeda or Islamic…
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Marco Polo Marine places Indonesian yard under court-led restructuring
Singapore offshore operator Marco Polo Marine has announced that its Indonesian subsidiary, PT Marcopolo Shipyard, has filed an application to…
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Pacific Radiance sets up Middle East JV with Allianz
Singapore’s Pacific Radiance has set up a JV with Dubai-based Allianz Marine as it looks for new avenues to increase…
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MPC Container Ships fleet unveiled
MPC Container Ships, a new shipowning company invested by Germany’s MPC Capital, has announced that it has acquired seven container…
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Gadani scrap yards labelled ‘slaughter houses’
The ship scrapping sites along the shores of Gadani in Pakistan have been labelled “slaughter houses” by a leading local…
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SwissMarine offloads baby cape
Dry cargo mammoth SwissMarine has sold a modern unit, fetching $45m for a ship it paid $50m for when ordered…
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Primerose Shipping orders two bulkers at CSSC Chengxi Shipyard
China’s CSSC Chengxi Shipyard has signed shipbuilding contracts with an unnamed European owner for the construction of two 81,000dwt bulk…
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Brazil’s ports braced for possible week of industrial action by customs workers
Audit inspectors of Brazil’s customs service are saying they will go ahead with a planned week of strikes at the…
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McDermott International and Saudi Aramco ink new MOU
Houston-based oil industry services company McDermott International has signed a memorandum of understanding (MOU) with Saudi Aramco, coinciding with US…
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Grain exports set to hit record high: USDA
The US Department of Agriculture’s most recent World Agriculture Supply and Demand Estimates monthly report paints a very hopeful picture…
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Statoil exercises option on Dolphin Drilling semi-submersible
Fred. Olsen Energy subsidiary Dolphin Drilling has announced that Statoil has exercised a single well option for semi-submersible rig .…
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Wilhelmsen ups stake to become majority owner of NorSea
Wilh. Wilhelmsen Holding has entered into a letter of intent with Eidesvik Eiendomsinvest and Simon Møkster Eiendom to acquire 32%…
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