Region
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Polarcus secures seismic project in Indonesia
Polarcus has announced that the company has received an LOI from an undisclosed client for a 3D marine seismic contract…
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India sets out port goals
Many make the maritime parallels between India today and China circa the start of the century in terms of raw…
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Hong Kong power firm eyes floating LNG terminal
Hong Kong power company CLP Power has announced that it is considering a plan to build a floating LNG receiving…
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MPI Workboat awarded Statoil contracts
MPI Workboats has announced that it has secured two long-term contracts from Statoil for works at the Dudgeon Offshore Windfarm.…
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Petrobras cancels charter of another DryShips OSV
Petrobras has cancelled its four-year charter of DryShips’ oil spill recovery vessel (OSRV) Vega Inruda, which is the second contract termination…
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More panamax period fixtures as dry market keeps up the momentum
Three more panamax bulk carriers were today reported fixed on period charters as the dry market rally continues, with the…
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Nam Cheong and Perdana Petroleum settle cancellation dispute
Malaysia’s Nam Cheong and compatriot company Perdana Petroleum have settled their dispute over a cancelled contract for an accommodation work…
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SeaOrbiter: The International Ocean Station
Paris: It was with The Spy Who Loved Me that baddie lairs reached their absolute peak in the James Bond…
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Greek shipping minister attacks Chinese takeover of Piraeus port, claims deal not certain
The contentious move to privatise Greece’s largest port, Piraeus, as part of drastic efforts to right the finances of the…
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Finaval CEO among those listed in the Panama Papers
In the long list of Italian entrepreneurs who have had dealings with the law firm Mossack Fonseca, based in Panama,…
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Hyundai Heavy hit with $104m tax evasion bill
Hyundai Heavy Industries, South Korea’s largest shipbuilder, has been hit with a tax evasion charge and will have to pay…
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Hanjin Shipping link scares Korean Air investors
Hanjin Shipping’s precarious financial position has killed off a bonds issuance from parent Korean Air. Investors have shied away from…
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Great Eastern takes 20-year-old VLGC
Great Eastern Shipping has bought a 20-year old VLGC. No price, nor name, was given by the Indian owner for…
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Ocean Yield secures financing for Hartmann ethylene carriers
Ocean Yield has received a commitment letter from a group of banks for a $202.5m credit facility to finance three…
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Odfjell Drilling scores Malaysian drillship contract from Petronas
Odfjell Drilling has announced that it has secured new employment for drillship, Deepsea Metro I, through the signing of a…
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Chevron to let go of almost 700 more employees in Houston
California-based oil multinational Chevron is axing almost 700 jobs in Houston, Texas, according to the Houston Chronicle. The San Ramon-headquartered…
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Globus Maritime moves listing to Nasdaq Capital Market
Greek dry bulk shipping firm Globus Maritime has announced that it has received a positive determination from the Nasdaq Stock…
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Greece rolls out the red carpet for Xu Lirong
The red carpet was rolled out in Greece over the weekend as one of the nation’s most important foreign investors…
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Blowing hot and cold
Jonathan Crispe from Bernhard Schulte Shipmanagement on the intricacies of warm and cold lay-up options and the importance of a…
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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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