Sector
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Unions blast creditors over Sunday’s four deaths at STX
A pair of trade unions in South Korea have laid the blame for the deaths of four subcontractors at STX…
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Tsuneishi plows ahead with landmark shipbreaking facility in the Philippines
Japanese shipyard giant Tsuneishi is plowing ahead with a landmark shipbreaking facility in Southeast Asia. Tsuneishi is building a ship…
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Hutchison Ports buys into Basra
Hutchison Ports has made its second overseas deal this year. The Hong Kong-based terminal operator has signed with Nawah Port…
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DOF Subsea awarded multiple IMR contracts
Norway’s DOF Subsea has been awarded a series of contracts for the employment of the company’s vessels in the IMR…
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Repsol contracts UMW jackup in Malaysia
Malaysia’s UMW Oil & Gas Corporation has announced that that UMW Offshore Drilling has sealed a contract with Repsol Oil…
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Yangzijiang Shipbuilding establishes new offshore structure manufacturing JV
Chinese shipbuilder Yangzijiang Shipbuilding has signed an agreement with Zhejiang Chankong Steel Pipe and Shanghai Puhe Metallurgy to set up…
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COSL secures North Sea semi-submersible rig contract
China Oilfield Services Limited (COSL) has secured a contract for semi-submersible drilling rig from a new client operating in the…
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Perisai Petroleum hit with claims for $3.2m
Malaysia’s Perisai Petroleum has announced that three clients have sent notices of demand to its subsidiary Perisai Drilling, claiming a…
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Schlumberger buys out Petrofac stake in Pánuco contract
Schlumberger has bought out Petrofac’s 50% interest in Petro-SPM Integrated Services, now owning the entire entity which operates the Pánuco…
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‘Steering casualty’ cited in US Navy collision off Singapore
A “steering casualty” onboard the USS John S. McCain has been cited by one US Navy official as the reason…
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DryShips crewmember sentenced to jail in China in landmark case
In a landmark case in China, Ningbo Maritime Court has sentenced a crewmember on a DryShips bulker to prison for…
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The devil is in the detail of OSV demand data
Current demand-side indicators – coupled with the wrong-headed application of big data to the offshore market – are underestimating the…
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Containerlines sign up for the New York Shipping Exchange
The New York Shipping Exchange (NYSHEX) has completed its series A round of funding with big name containerlines signing up.…
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Richard Sadler joins GasLog as COO
After a 19-month stint at the Ravi Mehrotra-controlled Foresight Group, Richard Sadler gave it a month’s break before taking on…
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FLNG becoming ‘mainstream’ as Fortuna project presses ahead
The Fortuna FLNG project in Equatorial Guinea is moving ahead with Guvnor selected as the preferred LNG buyer. Guvnor has…
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Ensco drillship wins Mediterranean contract with Noble Energy
Offshore driller Ensco has contracted its ultra-deepwater drillship with Noble Energy to drill two wells and complete four production wells…
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Van Oord secures wind farm construction contract
Dutch marine engineering company Van Oord has secured a contract from Northland Power to construct the Deutsche Bucht wind farm…
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Diana Containerships brings panamax out of layup for OOCL charter
Greek owner Diana Containerships is reactivating 2005-built panamax containership having sealed a 7- to 12-month time charter contract with Hong…
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Arkas launches first Moroccan cabotage service
Arkas Maroc, a subsidiary of Arkas Shipping, has launched Maroc Feedering which will perform domestic feeder operations within Morocco under…
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Stealth Maritime sells ageing MR for $8m
In the MR market the Stealth Maritime controlled , built in 2002, has been sold to IMS Greece for just…
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