Region
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Samsung yard braces for strike
Workers at South Korean shipyard Samsung Heavy Industries will go on a partial strike on Thursday afternoon demanding the recently…
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10,000-teu Maersk boxship grounding sparks delays along the Suez Canal
Traffic backed up on the Suez Canal yesterday as the 9,971-teu ran aground at the 133-km mark of the waterway.…
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SCF beats Hafnia to take over Primorsk fleet
SCF Tankers, an affiliate of Sovcomflot, beat rivals to win at auction the sale of nine ice-class tankers belonging to…
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New Delhi to provide local yards with financial assistance
Indian shipyards will be able to access up to $5.9m in state aid to build ships, according to new regulations…
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MOL orders three MPPs
The domestic subsidiary of Mitsui OSK Lines (MOL) has ordered three 17,500 twin decker multipurpose vessels at Honda Heavy Industries.…
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VAALCO Energy terminates Transocean rig contract
VAALCO Energy has announced that it has executed an agreement with Transocean regarding the remaining contract term associated with the…
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US has more oil reserves than Saudi Arabia
A new independent estimate of world oil reserves has been released by Oslo-headquartered Rystad Energy, showing that the US now…
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MST fined $1m for bulker’s water pollution in Great Lakes
A ship operator was fined $1m on Tuesday after pleading guilty to conspiring to cover up how one of its…
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ZPMC secures offshore wind contract
Shanghai Zhenhua Heavy Industries (ZPMC) has secured a contract from state-run China Datang Corporation for a series of construction work…
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DONG Energy awarded Dutch offshore wind farms project
The Netherlands’ Minister of Economic Affairs has awarded DONG Energy the concession to build the offshore wind farms Borssele 1…
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Eagle Bulk Shipping raises $85m to fund vessel acquisitions
Eagle Bulk Shipping has announced that it has entered into a definitive agreement to raise $85m in gross proceeds through…
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DOF bondholders approve its refinancing plan
Bondholders have voted to approve DOF’s refinancing plan, which aims to improve DOF’s liquidity position by NOK 4.5bn ($535m) and…
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Safe Bulkers amends DVB Bank credit facility
Safe Bulkers has continued to tweak its repayment schedules by amending its loan with DVB Bank, under which $101.2m is…
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Petrobras puts up for sale nine shallow-water concessions
Brazil’s troubled state oil firm Petrobras announced on Monday it is putting up for sale nine assets in shallow-water oilfields…
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OGPar restarts production at Tubarao Martelo offshore field
Brazilian oil and gas firm OGPar on Monday announced it has resumed production at its Tubarao Martelo oilfield offshore Rio…
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Noble sells part of its stake in Israeli offshore gas field
Noble Energy has sold a 3% working interest in the Tamar field, offshore Israel, to the Harel Group pension fund and…
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New 20-year plan aims to see more cargo carried on the Thames
The Port of London Authority (PLA) and other stakeholders have launched Thames Vision, its 20-year plan for developing use of…
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Integrated operations and the next industrial revolution
Tech firm ABB issued a whitepaper today looking at the digital business transformation of the maritime industry. Some conclusions from…
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DSME collapse likened to Enron
The decline and fall of Daewoo Shipbuilding & Marine Engineering (DSME) has been compared to the bankruptcy of US energy…
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Tsipras calls for further Chinese maritime investment
Greek prime minister Alexis Tsipras has used his state visit to China to try and drum up more maritime investments,…
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