Region
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Iran looks beyond Hormuz for new terminal
Dubai: Iran is planning to build a new oil terminal beyond the Strait of Hormuz. Akbar Torkan, a senior trade…
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Gay slur lands Ashdod port union boss in hot water
Cairo: Transportation Minister Israel Katz on Tuesday demanded that Ashdod Port union chief Alon Hassan resign after Hassan called one…
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Epic Gas gets financing from CIT
Singapore: Transportation finance firm CIT Group, has announced that CIT Maritime Finance provided a $46.4m senior secured credit facility to…
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Vallianz issuing notes
Singapore: Singapore-listed offshore vessel player Vallianz Holdings is looking to raise S$100m by issuing two-year short-term notes. Net proceeds will…
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Morning Glory crew to be released
Cairo: Libya will release the crew of the Morning Glory, a tanker that was stopped by the US Navy and…
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‘Red-Med’ rail alternative to Suez Canal to start construction this year
Cairo: A $2bn, 300 km freight rail link connecting Eilat, on the Red Sea, with Ashdod Port, on the Mediterranean,…
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Damen opens new shipyard in Vietnam
Ho Chi Minh City: Damen has opened its new joint venture yard in Vietnam, Damen Song Cam, with Vietnam’s Minister…
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KrisEnergy gets $100m credit facility for asset acquisitions
Singapore: KrisEnergy announced that its wholly owned subsidiary, KrisEnergy (Asia), has entered into a facility agreement whereby KrisEnergy will be…
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Denis Welch keen to develop Asian gas-powered OSVs
Singapore: Denis Welch, a well-known face in the Asian shipyard scene, is now on a mission to develop gas powered…
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Pipelines get in the way of port development
Jakarta: A set of pipelines has been identified as the main hurdle facing the development of the much needed though…
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Hantong inks 12 bulkers
Shanghai: Jiangsu Hantong Shipbuilding & Heavy Industry has signed shipbuilding contracts with German owner Conti Reederei for the construction of…
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Shanghai Bestway restructuring deal approved
Shanghai: Shanghai Bestway Marine Engineering Design Co announced yesterday that the company has gained approval from the China Securities Regulatory…
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Zhongchang Marine provides guarantees to subsidiaries
Shanghai: Zhongchang Marine announced that the company has provided RMB260m guarantee to its subsidiary Zhoushan Zhongchang Marine to support the…
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New CFO for Univan
Hong Kong: Univan Shipmanagement has announced the appointment of Jens Kier as its Chief Financial Officer. Kier joins Univan following…
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Zhejiang Huaxiang opts for new Wärtsilä dual-fuel engine
Shanghai: The new Wärtsilä low-pressure, 2-stroke, dual-fuel engine (DF) has been endorsed with an important new order. A 5-cylinder Wärtsilä…
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Sherpa Offshore: Gas-powered OSVs “make sense”
Singapore: Denis Welch, a well-known face in the Asian shipyard scene, is now on a mission to develop gas powered…
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Armaturen-Wolff: Keeping it in the family
Hamburg: Shipping is an industry where family businesses are common. Few however are as steeped in close family ties as…
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ASRY signs agreement with ABB Industries
Muscat: ASRY, a ship and rig repair yard, has signed a major co-operation agreement with ABB Industries (LLC), Dubai, a…
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Israeli port strikes blocked for now
Cairo: The Histadrut labour federation has had its petition to strike in protest at planned port reforms blocked by Israel’s…
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DNV GL opens new Vietnam office
Ho Chi Minh City: Classification society DNV GL has moved into a new office in Vietnam, officially opened by His…
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