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London International Shipping Week: A different style
London: Don’t be surprised if shipping news gravitates around the British capital next week. With more than 100 events planned…
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Nigeria’s chief of naval staff warns shipowners against oil theft
Shipowners in Nigeria will be punished as “saboteurs” if found to be participating in oil theft, the country’s chief of…
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PIL in for its largest boxships
Singapore’s Pacific International Lines (PIL) is back at Yangzijiang Shipbuilding ordering four firm plus four optional container vessels of 11,800…
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FMC Kongsberg Subsea cuts more staff
An additional 200 employees must go at Norwegian oil service company, FMC Kongsberg Subsea, according to local media. Barely three…
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Oil workers union announces strike against Petrobras starting on Friday
Union workers have declared strike action at Brazil’s state-run oil giant Petrobras to protest cost-cutting and asset-selling by the scandal-plagued…
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Detained ship was carrying over 5,000 firearms plus ammunition
Over 5,000 firearms and more than 490,000 rounds of ammunition have been found onboard the suspicious general cargo vessel arrested…
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Otto Marine wins new AHTS charters
Otto Marine has announced that subsidiary, Go Marine, has won two long term anchor handling tug supply vessel charter contracts…
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Cameroon awards concession for new multipurpose port terminal
The government of Cameroon has awarded a consortium led by French logistics group Necotrans with a contract for operation and…
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Shell’s acquisition of BG moves a step closer with EC blessing
The proposed merger between Royal Dutch Shell and BG Group moved a step closer today with the European Commission giving…
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FreeSeas fixes handysize at a higher rate
FreeSeas has fixed a handysize bulk carrier on a 30-day timecharter at a higher rate than the vessel’s previous employment.…
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Crane barge sinks on Mississippi River
A crane barge carrying an excavator crane and a backhoe broke free of its moorings and sank on the Mississippi…
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Petrobras cancels drillship contract with Vantage Drilling, arbitration will follow
Petrobras has terminated its drillship contract with Vantage Drilling, alleging that the NYSE-listed contractor has “breached its obligations” under the…
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India ready to simplify its dense 57-year-old Merchant Shipping Act
New Delhi is looking to make shipping less of a bureaucratic nightmare by revising and simplifying its 1958-created Merchant Shipping…
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Edelweiss assumes management control of Bharati Shipyard
Edelweiss Asset Reconstruction Company, part of private equity firm Edelweiss, has taken over management control of Bharati Shipyard. Edelweiss now…
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ConocoPhillips to slash global workforce by 10%
American energy major ConocoPhillips will slash its global workforce by around 10% with most of the cuts taking place on…
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Shandong Huahai Shipbuilding goes bankrupt
Rizhao-based Shandong Huahai Shipbuilding has been announced bankrupt by Rizhao Intermediate People’s Court, and will now be liquidated at the…
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Zhenghe Shipbuilding suspends operations
Zhoushan-based Zhejiang Zhenghe Shipbuiding, a subsidiary of Qingdao Zhenghe Shipping, has sent a notice to its employees that the shipyard…
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Yildirim snaps up Portuguese ports firm
Turkey’s Yilport Holding, part of Yildirim Group, has bought port operator Tertir-Terminais de Portugal from Mota-Engil SGPS and Novo Banco.…
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Aker Solutions lays off another 500 staff
Aker Solutions is letting go of more staff. The Norwegian subsea firm announced yesterday another 500 people are to be…
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CMES to operate valemaxes from Hong Kong
China Merchants Energy Shipping (CMES) has announced that it has established a fully owned subsidiary, China VLOC Company, in Hong…
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