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Cosco Shipping integrates wood shipping business
Cosco Shipping has established a dedicated timber shipping department in order to optimize operations of the business. The department has…
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Chinese product tanker collides with fishing vessel off Quanzhou
Product tanker Hu You 8 collided with fishing vessel Min Shi Yu about 20 nautical miles off Quanzhou, Taiwan Strait…
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Another boxship for d’Amico
Apart from the huge investment plan in tanker newbuildings, d’Amico Group of Italy has just added a third containership to…
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Maersk Supply Service to cut a further 200 crew as more layups loom
On the same day that Maersk Line announced 4,000 job cuts, Maersk’s offshore marine arm Maersk Supply Service has announced…
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Petrofac, Faroe Petroleum and Eni Hewett cooperate to reduce OPEX in North Sea
Operators Faroe Petroleum, Eni Hewett and oilfield service company Petrofac have signed a tripartite agreement to share logistics and accommodation services…
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CKYHE Alliance cuts Asia-North Europe and Mediterranean services
The CKYHE Alliance, made up of major container lines COSCO, K Line, Yang Ming, Hanjin Shipping and Evergreen, is to…
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Strike action by Petrobras workers impacts output
A strike by Brazilian oil workers has had significant and quick impact on Petrobras’ output, both the company and the…
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Golar wins FSRU contract for LNG imports into Ghana
Golar LNG is to provide West African Gas (WAG) with one of its floating storage and regasification units (FSRU) at…
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Statoil awards accommodation contract for Johan Sverdrup field
Master Marine’s subsidiary Jacktel has won a contract to provide accommodation services at the Johan Sverdrup oilfield from Statoil, the…
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Ex-Vinashinlines accountant arrested on suspicion of embezzlement
The former chief accountant of Vietnam’s Vinashin Ocean Shipping (Vinashinlines) has been arrested for his alleged involvement in misappropriating millions…
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Hong Kong owner branches out into lubes
A well-known Hong Kong shipowner today launches a new business in China. Antony Marden, who heads up dry bulk owner…
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Maersk Line to slash headcount by 4,000 and nix up to 240,000 teu of newbuild options
Suggesting the fraught outlook for container shipping is longer term than some had predicted, Maersk Line today outlined massive spending…
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Bourbon Offshore stacks more than 30 vessels
In its latest set of quarterly results, OSV owner Bourbon Offshore said it had a total of 31 supply vessels…
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BBC Chartering: Heavylift challenges and opportunities
Leer: In the summer of 2014 the ceo of BBC Chartering, Svend Andersen, stated that shipping remained a low return,…
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Hapag-Lloyd’s IPO to raise €300m
Hamburg-based containerline Hapag-Lloyd officially priced its Friday Frankfurt IPO yesterday at EUR20 ($21.91), very much at the lower end of…
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Besiktas sells chemical tanker for $16.3m
Turkey’s Besiktas Shipping Group has offloaded one of its oldest chemical tankers, the 18,000 dwt Ice 1A classed , built…
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DSME to slash order intake by 20%
Daewoo Shipbuilding & Marine Engineering (DSME), one of the largest shipyards in the world, will cut the amount of orders…
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Naftomar orders two VLGCs at Jiangnan Shipyard
Greek owner Naftomar Shipping & Trading has ordered one 84,000 cu m VLGC at CSSC-affiliated Jiangnan Shipyard, with an option…
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Tianjin Port president sacked
Zheng Qingyue, president of Tianjin Port Group, has been sacked by authorities and will be prosecuted for dereliction of duty,…
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Navigation bridge and deck detached from El Faro wreckage, says NTSB
The US National Transportation Board (NTSB) said on Tuesday that the sunken cargo vessel El Faro is broken into at…
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