Sector
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Creditor banks take over Ching Fu Shipbuilding
Ching Fu Shipbuilding, Taiwan’s largest private shipyard, has been taken over by creditor banks due to a financial crisis, following…
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Varun aframax finally finds a buyer
Creditors have sold another ship that used to belong to crisis hit Varun Shipping. The 11-year-old , an aframax tanker…
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Shreyas sends feeder boxship to scrap
Indian container feeder operator Shreyas Shipping & Logistics has entered into a memorandum of agreement for the sale of containership…
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Solstad Farstad secures contract extensions
Norway’s Solstad Farstad has secured contract extensions for two of its vessels. Construction support vessel Normand Pacific has been awarded…
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Quit Weining
Kate Adamson, the founder of Futurenautics, draws parallels between Hollywood producer Harvey Weinstein and shipping’s rotten apples. Hollywood is having…
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HMM details new share plan
South Korea’s Hyundai Merchant Marine (HMM) detailed plans on Friday to raise KRW693.6bn ($614m) for two share sales. Cash raised…
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Qingdao Port looks to raise $1.28bn from Shanghai IPO
Qingdao Port is looking to raise RMB8.48bn ($1.28bn) from its proposed IPO at Shanghai Stock Exchange (SSE), according to a…
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HSH Nordbank confident of takeover bids
The head of HSH Nordbank, a Hamburg ship financier, expects bids to come in the next fortnight to take over…
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Ocean Rig wins new drillship contract, extends semi-sub contract
Offshore driller Ocean Rig has added around $20m to its backlog after signing a new contract for one of its…
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Legislators urged to preserve the Jones Act
One of America’s major labour unions has sent a letter to the US Congress defending the validity of the Jones…
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Almost 13% of US Gulf oil production still shut in after Nate
Almost 13% of oil production in the US Gulf of Mexico was still shut in as of Friday, the Bureau…
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Stephanie Jones Stebbins is named new managing director at Port of Seattle
The Port of Seattle, Washington, has named Stephanie Jones Stebbins as the new managing director of the port’s maritime division.…
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Contanda Terminals signs deal with Port of Houston
Houston-based bulk liquid storage company Contanda Terminals has signed a multi-year contract with the Port of Houston for 339 acres…
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Hybrid energy storage solution replaces traditional generator on an OSV
Technology group Wärtsilä has completed the installation of a hybrid energy system onboard the . The Norwegian vessel is now…
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Hamburg port dishes out more green incentives
The Hamburg Port Authority (HPA) is introducing a new environmental component into its fee rating system. The new fees are…
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Four private equity funds circle around Rimorchiatori Riuniti’s towage business
Rimorchiatori Riuniti of Italy has started a process to secure a financial partner, targeting new investments and takeovers in its…
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Regulator suspends ABG Shipyard’s shipowning unit
India’s maritime regulator has revoked a document of compliance (DOC) given to PFS Shipping, the shipowning unit of debt-ridden ABG…
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Seamec secures DSV contract with IGOPL
Indian company Seamec has secured a contract with compatriot company IGOPL Offshore for the charter of the company’s dive support…
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Maersk Drilling secures extensions for jackup pair
Maersk Drilling has been awarded contract extensions for two jackup rigs in the North Sea. Maersk Resolve has secured a…
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Intertanko and Intercargo refuse to condemn crew abandonment
Two of the world’s leading shipowning organisations have refused to condemn crew abandonment. Contacted last week in preparation for the…
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