Sector
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CMA CGM inks Nigerian terminal deal
CMA CGM Group has signed a memorandum of agreement with Lekki Port LFTZ Enterprise (LPLE), the promoters of Nigeria’s Lekki…
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British owners head to China for bulkers
A pair of British owners have gone to China in bulker buying mode. Brokers report that family owned Hadley Shipping…
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ABG Shipyard creditors reject bid from Liberty House
The creditors of financially troubled Indian shipbuilding company ABG Shipyard have rejected a bid made by UK-based Liberty House Group,…
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Coco Vroon steps down
Coco Vroon has stepped down as managing director of Dutch owner Vroon, just days after the company announced an agreement…
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Kim Heng wins another AHTS contract
Singapore’s Kim Heng Offshore & Marine Holdings has secured a spot charter contract for one of its anchor handling tug…
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Say no to scrubbers, for now
Ishaan Hemnani from BunkerEx suggests owners should not be drawn into buying a scrubber just yet. How best to deal…
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KCA Deutag awarded Ringhorne extension
UK-based KCA Deutag has announced that its Norwegian subsidiary, KCA Deutag Drilling Norge, has been awarded an extension to its…
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Barge decommissioning concept unveiled
Longitude Engineering, aspecialist engineering consultancy and part of the London Offshore Consultants (LOC) Group, has developed a cost effective decommissioning…
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Solstad Farstad offloads anchor handler
Norway’s Solstad Farstad has sold 2011-built anchor handling tug supply vessel . The company has already delivered the vessel, which…
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TechnipFMC secures FPSO engineering contract from BP
TechnipFMC has been awarded a front-end engineering design (FEED) contract by BP for the FPSO unit for the Tortue/Ahmeyim Field…
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Petrobras and BP confirm alliance with MOU
Brazil’s state oil firm Petrobras and British supermajor BP have signed a memorandum of understanding (MOU), committing both parties to…
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Destructive rate war emerging on Asia-Europe box tradelane
Rates on the all important Asia to Europe box tradelane have slumped to lows not seen for nearly two years…
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Weasel words give owners breathing space in the emissions debate
There was a convention amongst shipping journalists that one did not criticise the Inter-Governmental Maritime Consultative Organisation (IMCO). However curious…
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Elman returns at New Noble
Richard Elman is back in the boardroom, just over three weeks after he had stepped down at embattled commodities trader…
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D’Amato di Navigazione to fight bankruptcy decision
The Naples-based D’Amato di Navigazione shipping company has been declared bankrupt by a local court but the main shareholder has…
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Vroon reaches restructuring agreement with lenders
Dutch owner Vroon has reached an in principal agreement with its lenders regarding the terms of its financial restructuring. The…
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Cosco tanker hit by floating crane in Iraq
China Cosco Shipping’s product tanker was involved in a collision with a floating crane at Khor al Zubayr port, Iraq…
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Arctic heavy fuel oil ban gains traction
As well as the historic first ever cap on greenhouse gas emissions agreed last week at the International Maritime Organization…
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Pangaea snaps up Goldenport panamax
Dry bulk owner Pangaea Logistics Solutions has signed a memorandum of agreement to acquire 12-year-old Imabari-built panamax Madeleine from Greek…
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Odfjell Drilling awarded 18-month drilling contract by Statoil
Norwegian drilling contractor Odfjell Drilling has been awarded a conditional letter of intent for a drilling contract by compatriot energy…
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