Sector
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Five Chinese companies set up floating nuclear power plant JV
Chinese companies China National Nuclear Power (CNNP), Jiangnan Shipyard, Shanghai Electric Power, Shanghai Guosheng Group and Zhejiang Zheneng Electric Power…
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Fuel removal from stranded Lomar boxship completed
Work to extract 750 tonnes of heavy fuel oil from Lomar Shipping’s stranded container ship has been completed and efforts…
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HMM not out of the woods yet with $112m second quarter loss
While most of its container shipping rivals have managed to turn around results for the second quarter, South Korea’s Hyundai…
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Another Hanjin debacle must not happen: FMC’s Doyle
Federal Maritime Commissioner William Doyle has issued a statement three weeks prior to the one-year anniversary of the Hanjin bankruptcy,…
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The rise and fall of Vale as a shipowner
The rise and fall of Vale as a shipowner stands as another cautionary tale in the long line of failed…
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Severe prescription list for OSVs
How can OSVs become profitable again? Jason Jiang investigates. The offshore supply vessel (OSV) sector remains gloomy so far this…
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Dreifa Energy: Making gas affordable around the world
Dreifa Energy, a new Norwegian outfit founded by a number of gas veterans, is pushing ahead with its first FRU…
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MMC in talks to acquire stake in Sabah Ports
Malaysia’s MMC Corporation has confirmed that the company is now in talks with Suria Capital Holdings to acquire a stake…
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Algoma continues property sell-off to fund acquisitions
Canadian owner Algoma Central Corporation continues to sell off property assets to fund its fleet renewal plan. The company has…
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Vitol likely to take Latvian Shipping Company private
A Dutch subsidiary of energy giant Vitol, which has become the majority shareholder of Latvian Shipping Company (LSC), is looking…
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Indian OSV detained in Aberdeen likely to be sold to recover crew wages
A Scottish court has ruled that the 12 stranded Indian crew on the OSV in Aberdeen will likely be able…
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Nam Cheong served with $16.4m writ of summons by AmBank
Malaysian offshore shipbuilder Nam Cheong has been served a writ of summons by AmBank in the High Court of Malaysia claiming…
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M2 Subsea forms subsea alliance with Harvey Gulf Marine
ROV service provider M2 Subsea has formed an alliance with vessel operator Harvey Gulf Marine International to provide subsea ROV…
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Asphalt tanker leaves Baltimore after 10-month detention
The US Coast Guard (USCG) announced that 2009-built tanker has been released after being held for 10 months over various safety…
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Husky awards construction contracts for West White Rose project
Canadian oil and gas company Husky Energy has awarded a construction contract for its West White Rose project to a…
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US LNG exports forecast to increase by seven times within three years
The US Energy Information Administration (EIA) has predicted that exports of US liquefied natural gas (LNG) will increase by a…
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Odfjell Drilling wins semi-submersible contract from Aker BP
Odfjell Drilling has secured a contract from Aker BP for semi-submersible rig . The contract is for exploration and development…
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Petrobras authorised to export 6.6m cubic metres of LNG
Brazilian authorities have given approval for Petrobras to export idle liquefied natural gas (LNG) cargoes in the spot market, according…
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Euronav warns dividends could go as tanker newbuilds flood the market
With red ink now seeping onto its books Euronav has braced investors for the likelihood of no dividends coming up…
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Debt-laden MMA Offshore seeks help from Deloitte
Struggling Australian outfit MMA Offshore has hired consultants from Deloitte as it battles a depleted balance sheet, according to The…
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