Sector
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Seatrium and Shell to partner on floating production systems
Singapore yard group Seatrium has signed a non-binding memorandum of understanding (MoU) with a subsidiary of energy supermajor Shell to…
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BW Offshore sells FPSO for recycling
Oslo-listed floater specialist BW Offshore has signed an agreement to recycle its floating production storage and offloading (FPSO) vessel Petróleo…
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Flex LNG picks up 500-day charter extension
John Fredriksen-backed Flex LNG has seen an extension called on one of its LNG carriers, fixing it into the first…
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Maersk Tankers lifts ammonia carriers orderbook to eight
Denmark’s Maersk Tankers has called options on four very large ammonia carrier (VLAC) newbuilds at Hyundai Samho Heavy Industries in…
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Iran seizes Zodiac and MSC linked containership
Iran’s Revolutionary Guard Corps (IRGC) Navy has seized a containership belonging to an affiliate of Israeli billionaire Eyal Ofer’s Zodiac…
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Greenpeace targets vessel accused of fuelling Russia’s shadow fleet
Friday morning saw activists from Greenpeace Nordic launch a protest against a bunker vessel accused of fuelling the Russian so-called…
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Insurance pay-outs from Baltimore bridge disaster in the spotlight
Cargo insurer WK Webster is reporting that general average looks to have been declared by the owners of the wrecked…
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Beijing unveils coal reserves plan
The National Development and Reform Commission (NDRC) in Beijing has unveiled a domestic coal production reserve system that will commence…
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The rise of the seaborne ammonia trades
Acronym-heavy shipping needs to get used to a rising four-letter vessel type. VLACs are being tipped to overhaul VLGCs in…
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CY Shipping and BigLift Shipping order two ships in China
Partners CY Shipping and BigLift Shipping have increased their fleet of heavylift vessels to six vessels, by adding two ships…
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DryDel Shipping adds kamsarmax bulker to its fleet
Greek bulker player DryDel Shipping has expanded its fleet with a 2015-built kamsarmax bulker. The 81,841 dwt Beluga, formerly the…
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Jinhui turns to charter market in latest fleet boost
Chinese bulker operator Jinhui Shipping and Transportation is expanding its fleet with its first long-term charter-in deal this year. The…
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JERA to perform first-ever truck-to-ship bunkering of fuel ammonia
Japan’s largest utility JERA has decided to implement truck-to-ship bunkering of ammonia to an ammonia-fuelled tugboat owned by NYK Line.…
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Subsea 7 lands Gulf of Mexico contract
Oslo-listed Subsea 7 has landed a contract worth between $50m and $150m with Talos Energy for the Sunspear development in…
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PaxOcean to build first electric vessels for Kuok-led alliance
The Kuok Maritime Group-led Coastal Sustainability Alliance (CSA) has announced the start of construction of the first fully electric PXO…
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Atlantic Oceanic puts fresh MPSV acquisition to work
Offshore vessel owner Atlantic Oceanic has chartered out its recently acquired multipurpose supply unit. The 1991-built Atlantic Spirit has been…
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Petrofac reveals debt-for-equity talks
Energy services company Petrofac said on Friday it was still struggling to secure performance guarantees for new contracts and that…
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New maritime security firms emerge on the back of ‘worrying’ return of Somali pirates
Similar to 15 years ago during the last Somalia piracy cycle, new maritime security companies are emerging. A total of…
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Baltimore bridge investigation targets ship’s electrical failure
Investigators in Baltimore are focusing on the Dali’s electrical power system and its circuit breakers and have called in the…
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Denmark bans scrubber discharges
Denmark’s government has joined the growing list of countries taking action against open-loop scrubbers, having reached a “broad political agreement”…
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