Sector
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W&T forms JV for multiple drilling projects in the Gulf of Mexico
W&T Offshore, a Houston-based oil and gas E&P company, has announced a deal with a group of investors to form…
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Ecuador opens auction for energy rights including offshore Amistad gas field
Ecuador has launched a bidding round for foreign firms to develop some of its energy reserves including an offshore natural…
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Korea Line confirms VLCC order at Hyundai Heavy
South Korean shipping firm Korea Line has officially placed an order at compatriot yard Hyundai Heavy Industries for the construction…
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Panama seals deal to push more dry cargo through canal
The Panama Canal Authority (ACP) has signed a Memorandum of Understanding (MOU) with a body representing farmers to help increase…
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Subsea 7 finds shallow water work
Subsea 7 has announced the award of a contract for a conventional project in shallow water. Offshore execution is planned…
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Seatrade fined for toxic ship scrapping
The Rotterdam District Court sentenced Dutch shipping company Seatrade for breaking the EU Waste Shipment Regulation by illegally export vessels…
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DSME secures orders for LNG carrier pair
South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has announced today that it has secured a deal for…
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Prysmian invests in new cablelayer
Italy’s Prysmian Group, a specialist in the energy and telecom cable systems industry, has announced an investment in excess of…
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Cargill has no interest in owning ships
Commodities giant Cargill is looking to exit its brief flirtation with shipowning. Great Wave Navigation, a joint venture between Cargill…
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IMO defends its position on cyber
Discussion at yesterday’s Asia Pacific Maritime (APM) exhibition in Singapore that the International Maritime Organization could lose its legitimacy if…
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Bourbon Offshore flags going concern issues
French offshore vessel owning giant Bourbon has asked lenders to postpone repayments as it looks to sort out a deal…
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Weekly Broker: Red-hot feeder boxship charter market spurs buying spree
The red-hot charter market for feeder boxships is seeing a number of box operators scramble to buy up tonnage as…
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Seaspan adds 18 boxships with $380m GCI deal
Canada’s Seaspan has acquired the remaining 89% equity interest of Greater China Intermodal Investments (GCI) from affiliates of The Carlyle…
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Ship Finance International snaps up 15 vintage boxships
John Fredriksen’s Ship Finance International (SFL) has agreed to acquire a fleet of 15 feedermax boxships, ranging from 1,100 teu…
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Asian Bulk Logistics plans to develop global bulk shipping fleet
Asian Bulk Logistics, a Jakarta-based integrated logistics and transportation service provider for the mining and commodities industry, has launched a…
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Simatech takes its largest ever ship on charter
Simatech has fixed the largest ship it has ever taken on charter. The Dubai line has taken the 8,814 teu…
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Bibby Offshore secures offshore contract hat-trick
Bibby Offshore has secured three major contracts from an unnamed oil and gas supermajor. The initial contract will see Bibby…
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Maritime CEO Forum: Sentimentality gets in the way of the blowtorch
If owners can be rational for once then they can enjoy some good times in the coming couple of years.…
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Petrobras to sell its full stakes in two fields off Brazil’s northeast coast
Petrobras, Brazil’s state oil company, announced it will sell two offshore oil fields, one in production and one not yet…
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Navios Maritime Containers adds to fleet
Within days of raising $30m for new vessels, Angeliki Frangou’s Navios Maritime Containers has completed the acquisition of a 2010-built…
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