Region
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United Ocean Group sells fourth ship this year
United Ocean Group (UOG), a tonnage supplier to Japanese owners, which sought court protection in Tokyo on December 31, continues…
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Canbaz Shipping takes handy for $7.6m
Another bulker belonging to Groningen-headquartered Hanzevast Capital has been auctioned off. Turkey’s Canbaz Shipping has paid $7.6m to take the…
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GC Rieber Shipping inks Angola deal with Technip
GC Rieber Shipping has announced that it has secured a time charter agreement with Technip Angola for subsea construction support…
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Bibby Offshore secures BP subsea contract
Bibby Offshore has announced that it has secured a contract to provide subsea services to BP in the North Sea.…
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Ilshin Shipping orders revolutionary new LNG-fuelled bulker
South Korea’s Ilshin Shipping has ordered a revolutionary new bulk carrier at Hyundai Mipo Dockyard. The 50,000 dwt ship will…
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STX yard linked with repair switch
Financially troubled yard STX Offshore & Shipbuilding is being linked to a shock switch to exit ship construction and instead…
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Scorpio Tankers secures new loan facility
Scorpio Tankers has announced that the company has received a commitment for a loan facility up to $300m from ABN…
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Five US ports in line for cash injection
Five US ports are in position to benefit from substantial grant awards issued by the Department of Transportation (DOT) to…
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$900m deal gives steel giant Nucor greater access to Kinder Morgan terminals
Houston-based energy industry infrastructure giant Kinder Morgan announced in a release on Wednesday a $900m deal between its terminals division…
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GSP awarded Tunisia drilling contract
Romanian offshore service company Grup Servicii Petroliere (GSP) has been awarded an offshore drilling contract in Tunisia by Numhyd. Drilling…
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Thenamaris kamsarmax fixed on period charter
Oldendorff Carriers has fixed Thenamaris’ kamsarmax bulk carrier on a five- to eight-month period charter. The charter rate was reported…
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Golar Power deal helps fully finance FSRU projects
Golar LNG has completed the sale of a 50% interest in Golar Power to private equity firm Stonepeak Infrastructure Partners…
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Deutsche Bank to sell at least $1bn of shipping loans
Deutsche Bank is to sell at least $1bn of its loans to the shipping industry, in response to mounting pressure…
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Colombia moves to end truckers’ strike
Colombia’s national government on Tuesday presented a multi-point plan to union leaders which it hopes will draw striking truck drivers…
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Cosco will spend up to $552m on Piraeus terminal
China Cosco has said it will invest up to €500m ($552m) in Greece’s Port of Piraeus over the next five years,…
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Pillarstone officially lands Premuda
Pillarstone Italy, a turnaround fund created by private equity giant KKR, is now officially the largest creditor of Genoa-based shipping…
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Congressmen highlight manpower concerns at America’s ports
A bipartisan group of 47 US Congressmen and Congresswomen has sent a letter to Jeh Johnson, Secretary of the Department…
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Bulk terminal association launched
A new trade association has been established to provide the world’s bulk terminals with a united front at governmental level…
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DNV GL advises EU on what’s needed for wider adoption of LNG as a marine fuel
Class society DNV GL has provided a report for the EU providing recommendations on how to address barriers to wider…
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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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