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Avance Gas offloads LNG carrier
Oslo-listed Avance Gas Holding has announced an agreement for the sale of its LNG carrier Gaea. While the buyer has…
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Chengxi Shipyard secures floating dry dock order
Hawaii-based Pacific Shipyards International has signed a contract with CSSC-affiliated Chengxi Shipyard for the construction of a 7,500LT floating dry…
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Second LNG train completed at Cheniere’s Sabine Pass terminal
Houston-based Cheniere Energy has announced the “substantial completion” of the second liquefaction train at its Sabine Pass LNG terminal in…
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Port of Prince Rupert mulls new breakbulk terminal
The Port of Prince Rupert in Canada’s British Columbia province is looking into the possibility of building a terminal for…
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Chang Myung sells another capesize, ER Schiffahrt sales rumoured too
The week has closed with another capesize being sold, and negotiations for three more sales are ongoing, brokers tell Splash.…
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Maersk Supply Service lands 10-vessel project in the North Sea
Maersk Supply Service has won a subsea decommissioning contract from Maersk Oil UK in which 10 of its vessels will…
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Navig8 Chemical Tankers banks $74m from sale and leaseback deal
Navig8 Chemical Tankers has announced a sale and leaseback deal with Japan’s SBI Holdings for two 25,000 dwt stainless steel…
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Aker Solutions wins contract to increase gas processing on Statoil platform
Statoil has exercised its contractual option for engineering, procurement, construction and installation (EPCI) of a gas module that will increase…
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Two tankers halted from leaving Yemen
Two tankers owned by Singapore’s Ocean Tankers have been halted from leaving a rebel-held port in Yemen due to a…
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Martek Marine: 20% of all ships make medical diversions every year
One in five ships diverts every year due to a medical problem onboard Each diversion costs an average of $180,000,…
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Rickmers Maritime facing revolt over debt refinancing deal
Rickmers Maritime’s bid to avoid liquidation via debt refinancing has not been received well by investors. The Singapore-listed containership shipping…
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Lawyers the winners so far from Hanjin Shipping crisis
Lawyers are clearly the biggest winners to date in the 17 days since Hanjin Shipping sought court receivership, triggering supply…
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Are we entering peak bankruptcy season?
Are we entering peak bankruptcy time now for shipping? I’d argue that the coming six to 12 months will see…
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German banks carrying a quarter of all shipping loans: Dagfinn Lunde
Splash’s finance columnist Dagfinn Lunde has told Reuters that German banks account for nearly one quarter of the world’s $400bn…
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Kaohsiung authorities assess super typhoon damage
Authorities at Kaohsiung port continue to assess the damage wrought by the unfortunately named YM Wind, a 14,000 teu newbuild…
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Cobalt pays off Rowan to adjust drillship contract allowing for early termination
Houston-based Rowan Companies has taken a $96m cash payment from Cobalt International Energy in exchange for amendments to the contract for…
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Noble Corporation finds work for stacked jackup, extends with Hess at huge discount
UK headquartered offshore driller Noble Corporation has announced a new contract for one of its jackup rigs as well as…
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Kvaerner wins semi-submersible upgrade work
Norwegian offshore fabricator Kvaerner has had a framework agreement put into action with Statoil for the upgrading of the semi-submersible…
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KNOT Offshore Partners time charter extended by Statoil
Shuttle tanker limited partnership KNOT Offshore Partners has announced that Statoil has declared the final two options for the time…
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The debate over public financing of private ports
Professor Hercules Haralambides is happy the European Commission is coming around to his point of view. After years of debating,…
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