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Electromagnetic Geoservices signs new charter deal with Boa Offshore
Electromagnetic Geoservices (EMGS) has signed a new charter agreement with Boa Offshore for seabed logging vessel at new and improved…
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Aurora brand fades as BW takes control
BW LPG, having fully taken over Norway’s Aurora LPG last month, has now moved to rebrand the firm and its…
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Solstad Offshore secures offshore installation work from Saipem
Solstad Offshore has entered into a contract with PT Saipem Indonesia for offshore installation works for the Jangkrik FPU, part…
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Shareholder retreat suggests all bets are off regarding sale of OOCL
Shares in the parent of Orient Overseas Container Line (OOCL) plummeted nearly 10% today as the company reiterated comments first…
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Donald Trump and shipping: what to expect
As he prepares to take the oath of office, Stefanos Roulakis from Blank Rome ponders what the 45th president of…
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Splash readers air concerns as Trump prepares for the White House
Splash readers are not sure the incoming new president of the United States, Donald Trump, will be good for shipping.…
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DryShips shares in free fall after reverse stock split announced
George Economou’s DryShips announced an 8 for 1 reverse stock split yesterday which sent the share price tumbling over 36% to just…
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Japan’s Orix reportedly in for slice of RBS loans
Japanese financial institution company Orix Corp has agreed to buy $290m worth of shipping loans from Royal Bank of Scotland,…
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Scorpio Tankers seals new $172m credit facility
Monaco-headquartered Scorpio Tankers has received commitments for a loan facility of up to $172 million to finance up to 60%…
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S.D. Standard Drilling acquires three Volstad PSVs
S.D. Standard Drilling says it is acquiring three platform supply vessels from Volstad Shipping. Volstad Viking, Volstad Supplier and Volstad Princess,…
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Noble Corporation gets extensions from Saudi Aramco for jackup pair
Offshore driller Noble Corporation has secured contract extensions for two of its jackup rigs from Saudi Aramco according to the…
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UMW Oil & Gas merges with Icon Offshore and Orkim
Malaysia’s UMW Oil & Gas Corp is merging with Ekuiti Nasional (Ekuinas) oil and gas units. UMW Holdings president and…
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HMM to take 20% stake in Seattle and Long Beach terminals
South Korea’s Hyundai Merchant Marine (HMM) has announced that it has decided to buy a 20% in a terminals in…
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OneSubsea secures EPC contract from Statoil
OneSubsea, a subsidiary of Schlumberger, has been awarded an engineering, procurement and construction contract by Statoil to supply the subsea…
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Polarcus gets European acquisition work from TGS
Dubai-based seismic specialist Polarcus has received a letter of award from Norway’s TGS-NOPEC Geophysical Company for the acquiring of 30,000…
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Odebrecht again looking to exit huge river navigability project in Colombia
Brazilian construction and engineering giant Odebrecht is trying to offload its stake in a river navigability project in Colombia, according…
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US, Mexico and Cuba on verge of deal to define offshore territorial limits that overlap in Gulf of Mexico
The US, Mexico and Cuba are on the verge of signing a deal to define the territorial water boundaries between…
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OOCL denies Cosco bid
Officials at Hong Kong’s Orient Overseas Container Line (OOCL) remain coy over a possible takeover or merger. Widespread reports have…
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Yang Ming labelled the new Hanjin by Drewry
Drewry Financial Research Services has described Taiwan’s second largest containerline as the new Hanjin while slapping its stock as unattractive…
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Paragon Offshore reaches agreement with lenders on reorganization plan
Paragon Offshore has announced that it has reached an agreement with an ad hoc committee holding secured debt under its…
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