Region
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Hapag-Lloyd lowers IPO price range in response to ‘market volatility’
Hapag-Lloyd has lowered the price range of its initial public offering (IPO) on the Frankfurt and Hamburg stock exchanges from…
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Maersk boxship suffers gash while berthing at Bremerhaven
The Singapore-flagged boxship is having its hull checked today following a collision while berthing in Bremerhaven yesterday morning. The 8,850…
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Grimaldi Group bound for Cuba
Central America, and specifically the island of Cuba, will probably become the next important step for the Grimaldi Group’s business…
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Fugro to cut an additional 500 staff as prospects slide
Dutch subsea and survey specialist Fugro has announced further cost reductions as part of its latest set of quarterly results…
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Daiichi Chuo link sends MOL into the red
Mitsui OSK Lines (MOL), Japan’s largest shipping line, was plunged into the red in interim results out today thanks to…
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Samsung Heavy cancels plans for a Southeast Asian yard
Amid straitened times on home soil Korean mega yard Samsung Heavy Industries (SHI) has canned long held plans to open…
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Landmark switches Xiamen LNG contract to China Merchants Heavy Industry
Saga LNG Shipping, a new LNG shipping firm controlled by Landmark Capital, has signed a shipbuilding contract with China Merchants…
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Cosco reduces price and extends deferral on Sevan rig
Sevan Drilling and Cosco Corporation have reached an agreement over the deferral of the construction agreement for cylindrical ultra deep…
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Saudi yard plans on hold
Plans to form a big shipyard on Saudi soil look set to be put on the backburner. The National Shipping…
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Taihang Shipping: Dark times for Chinese coal demand
Amid the economic slowdown and pressure to improve the nation’s air, the doldrums in the domestic coal trading market is…
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Grounded Mexican ship to be scuttled
The , a Mexican-flagged bulk carrier, which ran aground north of Manzanillo last week during Hurricane Patricia, will need to…
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USCG say Tianjin-linked vessels arriving in the US have shown no signs of contamination
Eleven weeks after the enormous toxic chemical explosions at the port of Tianjin in China, US authorities say no ships…
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CT Offshore wins wind farm installation contract
Danish windpower specialist CT Offshore has announced that it has signed an agreement to install 87 inter-array cables on Dong…
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Jinzhou Port signs shale oil agreement
Jinzhou Port has signed a framework of agreement with Cyprus-registered Pu Dara Group, for the development of a RMB1.2bn ($189m)…
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Fourth lawsuit brought against Tote for El Faro sinking
A fourth known lawsuit has been filed against vessel owners Tote for the loss of container ship El Faro in…
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Five ports make the cut for US TIGER grants
Five commercial ports made the cut when it came to being awarded millions in awards from the Transportation Investment Generating…
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CSCL to bareboat up to eleven 21,000-teu boxships
The board of China Shipping Container Lines (CSCL) has greenlit a proposal to bareboat charter six 21,000-teu containerships via its…
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Hornbeck Offshore’s newbuildings delayed
Delivery of Hornbeck Offshore’s seven newbuildings has been delayed by the company, while construction has been hampered by “deficiencies” and…
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Suez Canal financial results fall flat
Revenues from the Suez Canal during September show a decline on last year’s figures, in spite of Egypt’s recently completed…
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Wood Group gets worldwide subsea contract from BP
BP has contracted Wood Group to undertake subsea engineering services at its projects in the Gulf of Mexico, UK and…
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