Region
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Struggling DSME close to securing triple Angelicoussis VLCC order
Daewoo Shipbuilding & Marine Engineering’s CEO Jung Sung-Leep is in Europe holding discussions with key clients and is expected to…
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Beibu Gulf Port to develop terminal with Thai coal trader
China’s Beibu Gulf Port Group, the major port operator in Guangxi province, has signed a strategic cooperation agreement with Thailand’s…
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Panama Canal to upgrade vessel scheduling and resource management
The Panama Canal Authority (ACP) announced on Wednesday that it will be bringing in a new vessel scheduling and resource…
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Daiichi Chuo turns the corner, nails first operating profit since 2010
One of the most high profile bankruptcies in dry bulk in recent years looks to have turned the corner. Daiichi…
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Odfjell Drilling semi-sub awarded one well contract
Norwegian offshore driller Odfjell Drilling has received a letter of intent from an undisclosed party for further employment for its…
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Zhejiang Zengzhou Shipbuilding to build river-sea bulker
Zhejiang Zengzhou Shipbuilding has won a bid from Zhoushan government for the construction of a 22,000dwt river-sea bulk carrier. The…
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Fredriksen continues spending spree as Golden Ocean acquires Quintana Shipping fleet
John Fredriksen continues his appetite for acquisitions and consolidation with his dry bulk entity Golden Ocean Group agreeing an all-share…
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OOCL in huge chartering outlay ahead of joining the Ocean Alliance
Hong Kong’s Orient Overseas Container Line (OOCL) has been bulking up ahead of joining the Ocean Alliance on April 1.…
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EU Navfor confirms fuel tanker has been hijacked by Somalis
The EU naval force deployed in the Indian Ocean has confirmed that the eight crew onboard the fuel tanker have…
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Port of Durban: Planned $1.1bn spend to entice more lines to call
Moshe Motlohi is confident that the hundreds of millions of dollars earmarked in infrastructure spend over the next seven years…
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OSM taps two shipmanagement veterans as it eyes M&A opportunities
In a sign of likely further consolidation in the shipmanagement space, OSM has tapped two veterans with deep knowledge of…
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Atlantic Navigation wins $44m liftboat charter
Singapore’s Atlantic Navigation Holdings has been awarded a $44 million charter contract for liftboat by an unnamed Middle Eastern national…
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Navios Maritime Partners raising $100m for fleet growth
Navios Maritime Partners has agreed with investors to sell around 47.6 million common units in the master limited partnership for…
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Seanergy negotiates waivers from lenders to allow for vessel acquisitions
Greek dry bulk owner Seanergy Maritime Holdings Corp. has reached agreements with four of its senior lenders for the waiver…
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UMW awarded jackup contract by Petrofac
Malaysian offshore driller UMW Oil & Gas has received a letter of award from British oil company Petrofac for the…
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FSL Trust firms up its financial position
Singapore shipping trust FSL Trust Management has announced that it will pay down its syndicated loan facility by $20 million…
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ICTSI, PSA inaugurate joint venture terminal in Colombia
International Container Terminal Services, Inc (ICTSI) and PSA International have formally opened Puerto Aguadulce, a joint venture terminal in the…
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USCG reopens Port of Virginia after storm closure
The US Coast Guard (USCG) on Tuesday reopened the Port of Virginia with no restrictions after it was closed on…
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CSSC sues bankrupt Jiangsu Eastern Heavy Industry
Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) has announced that its subsidiary CSSC-MES Diesel has filed a lawsuit against…
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Doriko takes first panamax in a decade
The low profile Korean outfit Doriko, best known for its involvement in the larger handysize segment, has taken its first…
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