Sector
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Trans Sea Transport: Vintage bulkers offer opportunities
A well maintained bulk carrier can operate until 30 years of age without any problem. That’s what Massimo Giovannini, managing…
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Cosco, Sinotrans and Zhonggu invest in six river boxships
Chinese shipowners Cosco Shipping, Sinotrans & CSC, and Zhonggu Shipping have signed an agreement to jointly invest in six 1,140…
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MPC Container Ships acquires boxship pair
Fast growing German owner MPC Container Ships continues to expand its fleet with the acquisition of two secondhand boxships. The…
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Augustea finds post-panamax for Pakistan coal project
Naples-based shipping group Augustea has found the post-panamax bulk carrier needed for the forthcoming coal transhipment project to be established…
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Pangaea acquires secondhand supramax
NASDAQ-listed dry bulk shipowner Pangaea Logistics Solutions has announced the acquisition of 2008-built from Japanese owner Kambara Kisen. The 58,700…
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Samudera Shipping offloads two ships as it exits domestic trades
Indonesia’s Samudera Shipping has announced the disposal of a pair of vessels as it works to sell of a large…
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Transocean semi-submersible pair find work
Offshore drilling contractor Transocean has secured a number of contracts for its semi-submersible rigs according to the company’s latest fleet…
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US Department of Commerce recommends altering marine sanctuaries to allow for more offshore drilling
The US Department of Commerce (DOC) on Wednesday sent to the White House a report with recommendations on possibly changing…
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Timing is not everything
The dry bulk industry has seen increased sale and purchase activity lately with investors getting excited over the attractive deals…
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Fugro finds seismic work off Canada
Dutch seismic service provider Fugro has teamed up with Amplified Geochemical Imaging (AGI) to acquire offshore hydrocarbon seep data offshore…
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Petroleum Geo-Services restructuring prompts fleet reduction
Norway’s Petroleum Geo-Services (PGS) has announced a restructuring plan to streamline the company’s business structure. According to the company, the…
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VBMS secures offshore installation work
VBMS, a subsidiary of Dutch offshore engineering specialist Boskalis, has secured a contract for the supply and installation of the…
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First shipment from Libra field offshore Brazil will be delayed
Brazil has postponed by some weeks its expected first oil shipment from the giant Libra pre-salt field in the Santos…
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Korea Line orders VLOC pair at Hyundai Heavy
Korea Line Corporation has announced today that it has placed an order with Hyundai Heavy Industries for the construction of…
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UNCTAD flags oligopoly concerns amid unprecedented container shipping consolidation
The United Nations Conference on Trade and Development (UNCTAD) has issued its latest maritime report buried deep in which is…
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Can we be honest about the damage we are all doing?
Amongst this week’s contributions to the gaiety of nations we may include the attempt by our industry’s lobbying bodies to…
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Authors of IMO ‘corporate capture’ report respond to criticism
The authors of this week’s contentious study into lobbying at the International Maritime Organization have responded to widespread criticism, insisting…
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Confitarma: Time for Italian owners to grow up
The newly elected chairman of the Italian shipowners association (Confitarma), Mario Mattioli, has some specific dossiers to work at in…
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Moment of truth for Japanese shipbuilding with naming of landmark 20,000 teu ship
Yesterday saw the naming ceremony for the first ever Japanese-built 20,000 teu class containership. On a clear blue-skied day a…
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Mitsui takes 50% stake in AKOFS Offshore
Norway’s Akastor says it is in advanced discussions with Japenese trading and investment company Mitsui & Co to expand collaboration…
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