Sector
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Rampant Southeast Asian boxport expansion questioned
Boxport rivalry in Southeast Asia could be set to get a whole lot more intense with recent news from Kuala…
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MPC Container Ships adds six more vessels
MPC Container Ships has announced the acquisition of six vessels taking its fleet to 20 vessels in total. MPC has…
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Post-Hanjin reality, one year on
Does anyone still remember the excitement of Maersk’s EEE (18,340 teu) coming into service in 2015? Any passion still left…
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Cargill extends charter of Belships ultramax
Norwegian dry bulk owner Belships says that commodity giant Cargill has extended the charter of 2015-built ultramax for a period…
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Noble Group readies sale of oil and LNG units
With its debts ballooning embattled Noble Group, an Asian commodities giant, will likely offload its oil and LNG units next…
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Two suppliers lose bunker licenses in Singapore
The Maritime and Port Authority of Singapore (MPA) has announced that it will not be renewing the bunker supplier licences…
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Motiva shuts Port Arthur refinery – largest in US – as storm floods worsen
America’s largest refinery, the Saudi Arabian-owned Motiva Enterprises facility in Port Arthur, Texas, has shut down because of the effects…
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Sinokor acquires VLCC from JX Ocean
South Korean owner Sinokor Merchant Marine has acquired 298,400dwt VLCC from Japan’s JX Ocean according to VesselsValue. The portal reveals…
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Vinalines and Rent-A-Port to develop grain port at Hai Phong
Vietnam National Shipping Lines (Vinalines) and Belgian company Rent-A-Port have signed a memorandum of understanding to cooperate in building a…
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Mexico grants Pemex two-year extension to invest in offshore oil and gas blocks
Mexico’s state oil firm Pemex has been granted a two-year deadline extension to invest in an array of oil and…
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Jinzhou Port sets up insurance brokerage subsidiary
China’s Jinzhou Port has announced that it will invest RMB50m ($7.6m) to set up a subsidiary to tap into the…
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Hosco breaks cover with first vessel purchase in a decade
One of China’s more high profile casualties in the dry bulk sector has broken cover, buying its first ship in…
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Wellington port’s earthquake repair bill stands at $247m
Repairing earthquake damage at Wellington’s port will cost NZ$340m ($247m), according to the port’s terminal operator, CentrePort. The port was…
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Paragon working on plan to remove grounded drillship from Corpus Christi access channel
Houston-based offshore rig operator Paragon Offshore is still working on removing its grounded drillship from the access channel to the…
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Frontline remains in the hunt for ‘attractive opportunities’ in prolonged weak tanker market
Despite losing more money its latest quarter John Fredriksen’s tanker venture Frontline is eyeing some opportunistic acquisitions in the coming…
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Shareholders overwhelmingly approve merger between Scorpio Tankers and Navig8 Product Tankers
Scorpio Tankers and Navig8 Product Tankers have become a single entity. Scorpio, led by Emanuele Lauro, announced that the shareholders…
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Nine detained as authorities investigate STX blast
Nine men from STX Offshore & Shipbuilding and its subcontractors were detained by South Korean authorities as part of investigations…
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Samskip acquisition of Nor Lines given the green light
Rotterdam-headquartered transport and logistics firm Samskip has been cleared by the Norwegian Competition Authority to proceed with its acquisition of…
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Swan Energy orders FSRU at Hyundai Heavy Industries
India’s Swan Energy has announced that subsidiary Triumph Offshore has executed a shipbuilding contract with Hyundai Heavy Industries for the…
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SolstadFarstad fixes AHTS to Norwegian Coastal Administration
OSV powerhouse SolstadFarstad has been awarded a contract by the Norwegian Coastal Administration (NCA) for the 2008-built anchor handling tug…
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