Region
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CIMC to raise $928m for expansion
China International Marine Containers (CIMC) has announced that the board has approved the proposal to issue new shares to raise…
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Mississippi reopened with restrictions following bridge crash
The stretch of the Mississippi River that was closed after multiple grain-carrying barges broke loose was partially reopened on Friday,…
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Handys and MRs help bolster the clean tanker market
Rates on for handys going from Algeria to the European Mediterranean (TC6), basis 30,000 tonnes of cargo, today reached their…
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Viking Supply bondholders approve standstill agreement
Viking Supply Ships’ investors have approved a standstill agreement, which will stay the Oslo-listed company’s financial obligations to bondholders until…
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Noble Energy fails to find oil with new exploration well in the US Gulf
Noble Energy has finished drilling its Silvergate exploration well, located in Mississippi Canyon Block 339 in the Gulf of Mexico,…
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Quadra fixes ultramax and Diana kamsarmax on period charter
Geneva-based Quadra Commodities has fixed two bulk carriers on period charters during the past two days, including a kamsarmax owned…
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ICBC Financial Leasing signs COA with Vale
China’s ICBC Financial Leasing has signed a contract of affreightment (COA) with Brazilian mining group Vale to transport iron from…
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Fire at Exxon’s Baytown oil refinery
A fire at Exxon Mobil’s facility in Baytown, Texas on Thursday sent black smoke over the Houston Ship Channel and…
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Nuke ship runs aground at Swedish nuclear power plant
A vessel used to move nuclear waste ran aground this morning by a decommissioned nuclear plant in southern Sweden. The…
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The Panama Papers: part three
“Ginny!” said Mr Weasley, flabbergasted. “Haven’t I taught you anything? What have I always told you? Never trust anything that…
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‘The next 12 months are about survival’: Pioneer’s Khanna on Splash TV
A recent cover star of Maritime CEO magazine, Pankaj Khanna, CEO of Singapore-based Pioneer Marine, is the latest shipowner to…
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Ocean Yield: $350m a year spend on fleet growth
Lysaker: While other owners might be reining in their expansion plans in these tricky times Norway’s Ocean Yield has outlined…
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Nova Marine Carriers buying handysizes
Despite recent denials from the Italian owner Vincenzo Romeo when probably the deal was not closed or still under negotiations,…
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KC Maritime bulker sales gather pace
Hong Kong’s KC Maritime rapid offloading of tonnage continues. A week ago it sold two panamaaxes, now it is close…
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Navig8 Chemical Tankers seals $140m Chinese sale and leaseback deal
Navig8 Chemical Tankers has announced that it has entered into sale and leaseback agreements with China’s Bank of Communications Financial…
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TS Taipei cleanup to continue for another month
The oil spill cleanup work of the grounded containership TS Taipei is still ongoing and likely to take another month…
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Maersk Oil and Gas extends charter of Jacktel rig
Maersk Oil and Gas has extended its current contract on the accommodation jack-up rig Haven, which is owned by Master…
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Livestock carrier under scrutiny in South Africa
Another ancient livestock carrier has come in for media scrutiny. The anchored off East London in South Africa on Saturday…
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Stretch of Mississippi closed after towboat hits bridge and barges break away
Traffic was halted on part of the Mississippi River after a vessel towing 30 barges hit a bridge and several…
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August lease sales will offer 23.5m acres of drilling rights offshore Texas
An area of 23.5m acres off of Texas will be on the block in August when the next lease sale…
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