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Analysts welcome Japanese box merger and ponder who’s next in consolidation wave
Shipping analysts have applauded the move from Japan’s big three lines to merge their container divisions, while musing who will…
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Nils Andersen joins BP board
Nils Andersen has wasted little time picking up juicy appointments since his shock departure from the Maersk Group this summer.…
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At least 10 workers killed as fire rips through beached tanker at Gadani
A giant fire engulfed a beached tanker today killing at least ten workers at the Gadani shipbreaking area in Pakistan…
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Odfjell orders up to eight chemical tankers at Hudong Zhonghua
Norwegian company Odfjell has signed shipbuilding contracts with CSSC-affiliate Hudong Zhonghua yesterday for the construction of four 49,000dwt chemical tankers,…
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DryShips offloads five panamaxes
Greek owner DryShips has announced it has sold five of its panamax vessels for $29.4m in total. The company sold…
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Navigator Holdings secures $220m refinancing
Navigator Gas and Navigator Holdings have entered into a secured facility agreement with ABN-AMRO, DVB Bank, Skandinaviska Enskilda Banken and…
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Teekay sells tanker pair to New Shipping
Teekay Tankers has agreed to sell two of its tankers to Adam Polemis led Greek owner New Shipping. One of the…
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Baker Hughes to combine with GE’s oil and gas business
Houston-based global oilfield services giant Baker Hughes is teaming up with the oil and gas business of Boston-based General Electric…
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Dynagas signs new charter deals with Gazprom
Dynagas LNG Partners has entered into a new long term time charter agreement with Gazprom Marketing & Trading Singapore for…
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SGX reprimands Swiber
Having only obliquely referenced the company before the Singapore Exchange (SGX) finally came out and lashed Swiber Holdings yesterday. Singapore-listed…
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Singapore government mulls aid for ailing offshore sector
Singapore’s minister for trade and industry has hinted the government might help out the city-state’s ailing marine and offshore engineering…
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Emissions show dramatic plunge at Port of Oakland
The Port of Oakland is touting huge drops in diesel emissions from ships and trucks over a 10-year period. Figures…
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Maersk Supply Service offloads ageing PSV pair
Maersk Supply Service has sold off PSVs Maersk Feeder and Maersk Fighter as it looks to reduce its fleet by…
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Argo LNG orders $1.8bn facility at Honghua
China’s drilling rig manufacturer Honghua Group has announced that its subsidiary Honghua Offshore has entered into a $1.8bn offshore LNG…
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Kidnapping crews proves alarmingly lucrative for Abu Sayyaf
Kidnapping seafarers is proving alarmingly lucrative for Philippine terrorist group Abu Sayyaf. Newswire Associated Press reports that the Islamist group…
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Statoil suspends Songa Offshore rig contract
Songa Offshore has announced that Statoil will suspend the contract for when work at the current well at the Snöhvit…
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NYK offloads ore carrier
Nippon Yusen Kaisha (NYK) has offloaded a 12-year-old ore carrier to Samos Steamship. Samos is paying in the high $12ms…
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NYK, MOL and K Line to merge container divisions
The three Japanese majors who will help form THE Alliance next April are to merge their container operations. Nippon Yusen…
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BW LPG ups bid again for Aurora LPG
BW LPG has moved ahead and made a voluntary unconditional tender offer for Aurora LPG, willing to pay more than…
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The 4,923 teu YM Los Angeles sets new boxship scrapping records
Setting a new benchmark, Diana Containerships has moved to scrap a panamax boxship that was delivered less than 10 years…
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