Region
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Petronas hires Barakah Offshore for commission work on FLNG unit
Malaysian state energy company Petronas has hired PBJV Group, part of Barakah Offshore Petroleum, to work on its floating LNG…
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Former Tanjung Offshore MD faces fraud charges
Harzani Azmi, former managing director of Tanjung Offshore, has been charged with fraud and money laundering by a local court…
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Shell to quadruple offshore Brazil investments
Royal Dutch Shell announced it intends to quadruple its investments in E&D offshore Brazil over the next four years. The…
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Regional ports body says President Obama’s 2017 budget shortchanges US seaports
US President Barack Obama’s proposed budget for 2017 falls short in several aspects relating to seaports, according to an assessment…
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Eidesvik Offshore get subsea vessel extension from Technip
France’s Technip is extending its contract for Eidesvik Offshore subsea vessel from the beginning of April. The new contract secures…
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Belships sells another bulker newbuilding and leases back
Norway’s Belships has sold an ultramax bulk carrier newbuilding to Japanese interests, from whom the company will lease the vessel…
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EC and carriers agree to ‘transparency’, general rate increases scrapped
Following its anti-trust probe, the European Commission (EC) has received commitments from 15 international container shipping lines to increase transparency…
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Marenave Schiffahrts extends repayment deal with its banks
Germany’s Marenave Schiffahrts group and its banks have agreed to extend their loan repayment structure by a further six months…
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Indian conglomerate eyes distressed port assets
Diverse Indian conglomerate JSW Group is after distressed local ports assets, its CFO has told Reuters. The group, which has…
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Van Phong port complex restarts construction
A long-stalled port project in central Vietnam is set to reopen. Nha Trang Port JSC will build two terminals in…
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Aker Solutions and Total to cooperate on subsea technology
Aker Solutions and Total have agreed a four-year technical collaboration for research and innovation to develop cost-effective subsea field technology.…
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Höegh LNG quits FLNG
Norway’s Höegh LNG Holdings has decided to put all FLNG activities on hold to concentrate on its core business of…
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Creditors dismiss Havila’s bailout plans
Creditors failed to agree to Oslo-listed Havila Shipping’s revised restructuring plans, leaving the OSV firm on the brink. “Despite substantial…
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Nisshin and Daiichi Chuo continue dry bulk sell-off
The fire sale of Nisshin Shipping’s dry bulk fleet continues apace. The Japanese firm is reported by brokers as offloading…
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SPP in negotiations for up to 10 Indonesian MR tankers
South Korea’s SPP Shipbuilding is in negotiations for what could be a major turnaround order. The yard, which has had…
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Ukraine to ban crew who have called at Russian-held Crimean ports
Black Sea shipping could face a serious crewing conundrum with news that Ukrainian authorities are looking to hand out three-year…
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Indian government to showcase maritime projects for foreign investors
For shipowners clinging on to whatever glimmer of hope is out there in the global economy, India is held by…
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MES takes control of tricky AHTS contract
Difficulties in building a quartet of anchor handling tug supply vessels has seen one of Japan’s major yards step in.…
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Atlantic Offshore wins contract offshore UK from Dana
Norway’s Atlantic Offshore has won an ERRV contract from Dana Petroleum for multi-role OSV . The vessel will be supporting…
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RCL ship rams pedestrian walkway in Bangkok
A spectacular video has emerged on YouTube of the moment the containership ploughs into a pedestrian walkway in Bangkok. The…
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