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Maersk heir forms own private investment vehicle
Like his grandfather before him Robert Uggla has formed his own private investment vehicle to make his own shipping picks,…
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Hatton quits FSL Trust in latest boardroom spat
Chief executive officer Alan Hatton is the latest in a string of high profile departures from Singapore shipping trust First…
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DHT Holdings rejects Frontline takeover offer
US-listed tanker owner DHT Holdings has announced that its board has unanimously rejected a proposed offer by John Fredriksen’s Frontline…
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‘Retirement is not an option for me’: John Fredriksen
Busy as ever, John Fredriksen says he will stay in the day-to-day business of shipping for another three to five…
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China – Australia livestock trades up and running
China – Australia livestock trades are up and running and new entrants are eyeing the sector. Over the weekend the…
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Fukujin Kisen heads to Vietnam for a product tanker
Diverse Japanese owner Fukujin Kisen has ordered one firm plus one option 50,000 dwt MR product tanker at Hyundai Mipo’s…
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Kyoei Tanker taps Namura for a VLCC
Japan’s Kyoei Tanker has gone to Namura Shipbuilding to order a VLCC. The Japanese yard will deliver the 310,300 dwt…
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Olympic bondholders agree to conversion
Norwegian OSV operator Olympic Shipping has said all key parties have agreed on its restructuring whereby two bond issues will…
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DOF Subsea wins 3-year IMR deal
DOF Subsea has been awarded a 3-year inspection, maintenance and repair frame agreement with an unnamed major oil and gas…
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Alabama’s port authority signs MOU with Cuba
The Alabama State Port Authority (ASPA) has signed a deal to co-operate with the National Port Administration of Cuba, opening…
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President Trump urged to fund harbour dredging
A bi-partisan grouping of US congressmen has written a letter to President Donald Trump urging him to fully fund harbour…
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Weatherford International announces job cuts and sell-offs
NYSE-listed oilfield services provider Weatherford International said on Thursday it is cutting 3,000 more jobs worldwide, according to the Houston…
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Port of Oakland plans $600m upgrade
The Port of Oakland on Friday announced in a release that it, along with its partners, plans to invest $600m…
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Damen takes over management of ship repair yard in Curacao
Damen has taken over management of a ship repair yard on the Caribbean island of Curacao. Dutch company Damen Shipyards…
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Third and final hearing into El Faro disaster to begin Monday
The third and final round of the US Coast Guard’s (USCG) Marine Board of Investigation (MBI) hearings into the El…
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Shipping’s lexicon adds a new term
The lexicon of shipping can add a new term following yesterday’s arrival of the to the port of Haifa. The…
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Garolla: Fleet diversification drive
The company’s last investment was a new bunker vessel to be deployed in southern Italy but for the Naples-based Garolla…
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Mitsubishi Heavy Industries plans to spin off yards
Once Japan’s largest private company and the biggest shipyard in the world now faces an uncertain future. Mitsubishi Heavy Industries…
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One-third of shipbreakers in Bangladesh at risk from lung diseases
Bangladesh’s Occupational Safety, Health and Environment Foundation (OSHE) has unveiled a shocking study that claims one third of workers in…
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Ezra admits $170m writedown is on the cards
Embattled Ezra Holdings has once again flagged its ability to operate as a going concern as it confessed in a…
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