Region
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Analysts cast doubt on Shell Gulf of Mexico projects
Anglo Dutch oil giant Shell could be about to drop one or both of two planned North American investment projects…
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Gas-fuelled bulker promises to shake up ship designs
At Posidonia today a plan was put forward to develop a revolutionary LNG-fuelled bulk carrier. Arista Shipping has teamed up…
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DNV GL completes first drone production survey
Classification society DNV GL announced today at the Posidonia trade fair that it had recently completed the first production surveys…
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Shipowners and brokers go knuckle to knuckle
The role of the shipbroker was hotly contested at today’s TradeWinds Shipowners Forum, most vociferously by Euronav’s CEO Paddy Rodgers,…
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Ridgebury looking at ‘older’ tonnage
Ridgebury Tankers is still looking at acquiring secondhand tonnage, CEO Robert Burke told the TradeWinds Shipowners Forum, held at Posidonia…
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Mermaid Maritime scores subsea six
Thai offshore services outfit Mermaid Maritime has announced that it has won six subsea contracts in the Asia region, via…
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Founder of Futurenautics blasts shipping as opaque and inefficient
K D Adamson, founder of Futurenautics, blasted the shipping industry today for its failure to harness technology. Adamson, speaking at…
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DP World to invest $1.2bn in Ecuador’s first deepwater port
The contract for developing and operating Ecuador’s first deep-water port, a $1.2bn project, has been awarded to Dubai-based DP World.…
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Technology shift bringing an end to shipping cycles
Prepare to say goodbye to everything you thought you knew about shipping – that was the conclusion from the morning…
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DryShips a step closer to closing
George Economou’s DryShips is in serious trouble. The New York-listed bulker entity revealed yesterday it had defaulted on three bank…
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Aker comes to Solstad Offshore’s rescue
Aker, a firm run by Kjell Inge Rokke, has come to the rescue of Solstad Offshore, pumping in $62m to…
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Lloyd’s Register: Class societies should not be listed
Athens: Classification societies should not become listed entities and be beholden to the whims of investors, the ceo of Lloyd’s…
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‘Charter talks are progressing as planned’: Hanjin Shipping
Hanjin Shipping has stressed its negotiations with foreign owners on cutting charter costs are continuing. The negotiations are a key…
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ICBC sets up ship finance centre in Singapore
Chinese bank ICBC has announced that it will set up its Asia-Pacific Shipping Finance Centre in Singapore. The finance centre…
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North Atlantic Drilling and Sembcorp Marine extend semi-sub standstill agreement
Seadrill’s North Atlantic Drilling has extended a standstill agreement with Singapore’s Sembcorp Marine for semi-submersible drilling rig , delaying delivery…
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North Sea offshore business picks up
The North Sea is seeing a spurt of offshore activity, confounding the doomsayers. Offshore Merchant Partners (OMP) reports that PSV…
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Otto Marine takeover offer submitted
Singapore’s Otto Marine, an offshore yard and vessel operator, has confirmed that it has received a takeover offer via financial…
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DOF reveals major refinancing plan
Norwegian offshore services provider DOF has announced that it is working on an overall refinancing plan to secure the company…
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Tsipras opens Posidonia with a promise to revive Greece’s maritime industry
Greek prime minister Alexis Tsipras has opened this year’s Posidonia event in Athens by promising to develop his country’s ports,…
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Accident at AVIC Dingheng Shipbuilding, two dead
Two workers died in a ship cabin at AVIC Dingheng Shipbuilding in an accident on Sunday. According to local media,…
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