Region
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Milaha: Tankers rescue Qatari line from troubled OSV market
Doha: Qatar’s diverse owner Milaha has managed to get through the dire offshore markets via its solid tanker earnings. This…
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Kambara Kisen offloads fourth ship in the space of a month
Japan’s Kambara Kisen is shedding dry bulk tonnage fast. Splash understands the owner, which also controls Tsuneishi Shipbuilding, has just…
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Pioneer scratches five handy orders
Singapore-based bulker player Pioneer Marine has terminated five handysize newbuild contracts at Yangzhou Guoyu Shipyard. The instalments paid in relation…
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CIMC Raffles to layoff employees
Offshore builder CIMC Raffles is looking to layoff employees amid the depressed market conditions in the offshore sector. A source…
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Moore Stephens shipping confidence index falls to all time low
An eight-year-old survey on shipping confidence has hit an all time low. UK shipping advisors Moore Stephens’ latest three-month survey…
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June 26 set for inauguration of Panama Canal’s expansion project
The Panama Canal Authority (ACP) on Tuesday announced that the huge, much delayed and over-budget expansion of the Canal will…
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Samla Midas a step closer to SPP yard takeover
The on/off takeover of one of the yards controlled by SPP Shipbuilding is now finally on track. Samla Midas Group,…
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CSSC to invest $2.3bn to develop Longxue Shipbuilding base
Chinese state run shipbuilding conglomerate China Sate Shipbuilding Corporation (CSSC) is planning to invest RMB15bn ($2.3bn) in total in the…
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Bourbon Offshore said to be considering going private
Jacques de Chateauvieux, the chairman of Bourbon, is thinking of taking the offshore services company into private ownership, reports say.…
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Pertamina-owned cargo ship sinks in Indonesia
A singledecker general cargo ship owned by Pertamina sunk on Tuesday after hitting a reef off Tagulandang island, located north…
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Bumi Armada names new CEO
Leon A. Harland will take office as the new CEO and executive director of Malaysia’s Bumi Armada as of May…
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OSG withdraws its IPO plans
Overseas Shipholding Group (OSG) has abandoned its plans to raise $100m through an initial public offering (IPO) of shares on the…
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Farstad AHTS wins contract with Woodside
Woodside Energy has chartered Farstad Shipping’s anchor handling tug supply (AHTS) vessel (24,371 bhp) for 17 months, commencing in June.…
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Bugbee buys Scorpio Bulkers shares
Robert Bugbee, president of Scorpio Bulkers, has spent around $432,100 buying shares in the NYSE-listed company. The president purchased a…
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Two senior officials of Sainty Marine quit
Financially troubled shipyard Sainty Marine has announced that two vice general managers of the company – Weng Jun and Jiang…
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Korean banks face huge losses from bailing out local shipping industry
The overextended state of South Korean shipping and shipbuilding is pushing state-run banks to breaking point. The vast swathe of…
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Pan Ocean secures 20-year COA deal from Vale
South Korean shipowner Pan Ocean has announced that it has entered into a 20-year contract of affreightment (COA) with Vale.…
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Maersk Drilling chops another 70 staff as jackup contract ends
Maersk Ansattes Forening (MAF), the association representing Maersk employees, has announced that Maersk Drilling Norway is cutting an additional 70…
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Seadrill lands Petrobras drillship extension
John Fredriksen’s Seadrill has been awarded an extension by Petrobras for drillship West Tellus worth around $164m. The new contract…
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Oldendorff buys and sells
Brokers report the German powerhouse Oldendorff has just offloaded the 53,700 dwt Sapphire Seas, built 2005. The ship comes from…
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