Sector
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Commissioners green light new Seaport Logistics Complex for Port of Oakland
Port of Oakland commissioners have given the final go-ahead for a project to convert a large part of a decommissioned…
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Former PDVSA boss detained in Venezuela’s graft crackdown
Two former highly-placed officials – at Venezuela’s troubled state oil company PDVSA and at the oil ministry – were arrested…
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Axing of Baltic Handysize Index will cause ‘a lot of grief’
In arguably the biggest changes to the Baltic Exchange since it came under new Singaporean ownership last year, the Baltic…
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Maersk Line closes Hamburg Süd acquisition
One year after Maersk Line announced it had agreed a deal to acquire Hamburg Süd, the acquisition of the German…
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New York Shipping Exchange: Fixing the $23bn hole in liner shipping
Gordon Downes, the CEO of the recently created New York Shipping Exchange (NYSHEX), reckons he can fix a massive hole…
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Torm gets green light for Nasdaq dual listing
Danish owner Torm has got the necessary approval from New York to proceed with a dual listing on the Nasdaq.…
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Oil washes ashore from wrecked Lomar boxship
The French High Commissioner in New Caledonia, Thierry Lataste, has confirmed that fuel was spilled when the stranded containership broke…
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CMA CGM merges multimodal subsidiaries
CMA CGM is merging subsidiaries MacAndrews and OPDR effective January 1, with the merged entity’s headquarters to be located in…
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Vrontados updates its fleet with modern ultramax purchase
Greek owner Vrontados has just added the 61,299 dwt Cosco Dalian-built ultramax, , brokers tell Splash. The vintage specialist has…
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Fugro completes sale of cable laying business to Global Marine Group
Fugro has completed a deal to sell its trenching and cable laying business to UK-based subsea company Global Marine Group…
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Ocean Yield awarded Hornsea charter for Lewek Connector
Norwegian owner Ocean Yield has sealed a time charter for subsea construction vessel . The vessel will commence cable lay…
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Panama Canal offers an additional daily slot for neopanamax vessels
The Panama Canal Authority (ACP) said on Thursday it will be making available one more reservation slot for neopanamax vessels,…
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SolstadFarstad PSV awarded Statoil charter in Brazil
Norway’s SolstadFarstad has been awarded a two-year charter by Statoil Brasil Óleo e Gás for Brazilian flagged 2012-built platform supply…
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Bulker set for auction after 13-month court battle in Jamaica
The Malta-registered bulk carrier will finally be auctioned off on January 8 after spending more than a year in Kingston…
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Cosco takes another berth in Singapore
Cosco Shipping Ports is taking another berth in Singapore. The third berth at joint venture Cosco-PSA Terminal will launch next…
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US issues permit for oil drilling in Alaskan waters
US authorities have approved drilling in federal waters offshore Alaska, according to Reuters. As soon as next month the US…
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SBM Offshore reaches $238m agreement with US DOJ on bribery charges
Dutch firm SBM Offshore’s US subsidiary pleaded guilty in an American court to a bribery charge on Wednesday. Parent company…
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ICS warns traditional bunker suppliers could be out of a job within 25 years
Marine bunker suppliers should anticipate that there may no longer be significant demand for fossil fuels from shipping within as…
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Giant SMM survey reveals one in three owners are readying orders
With 10 months to go until the world’s largest shipping exhibition reconvenes, the organisers of SMM have carried out a…
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Pan Ocean in for six VLOCs
Pan Ocean has sealed a series of contract of affreightments with Brazilian miner Vale and is ordering six very large…
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