Sector
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Travel ban issued to former DSME execs as fraud investigation hots up
Two former heads of Daewoo Shipbuilding & Marine Engineering (DSME) have been handed a travel ban, as investigators look into…
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HMM debt-to-equity swap plan to be discussed
Creditors next week will start discussing a debt-to-equity swap plan with Korean line Hyundai Merchant Marine (HMM), its lead creditor…
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Italian shipowners busy selling
Three Italian-related shipping firms are emerging on the market as potential sellers of two bulk carriers and one tanker. Ireland-based…
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SITC pays $8m for 1,000 teu ship
Hong Kong-listed shipping firm SITC International Holdings has laid down around $8m for the 11-year-old 1,043 teu , according to…
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Investigation confirms DryShips bulker involved in fishing vessel collision
Ningbo Maritime Safety Administration has announced that the Malta-flagged bulk carrier , owned by Greece’s DryShips, has been confirmed to…
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Noble Corporation reaches $540m agreement over drillship cancellations
Noble Corporation and Freeport-McMoRan Oil & Gas have come to an agreement over the cancellation of contracts for drillships Noble…
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EMAS Offshore secures new contracts worth $32m
Singapore’s EMAS Offshore has announced that it has secured new awards and letter of intents for charters amounting to approximately…
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MMC keen to buy more ports
Malaysian conglomerate MMC Corp is looking to buy more ports. The firm, which is involved in real estate and power…
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Dae Sun wins chemical tanker order
Dae Sun Shipbuilding & Engineering from South Korea has won an order from compatriot owner HNCC for a 3,500 dwt…
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A2SEA awarded offshore wind project by DONG
Offshore wind engineering specialist A2SEA has announced that it has signed a contract to install wind turbines for the Hornsea…
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Bulker to conduct trial runs at Panama Canal’s new locks early June
With the ceremonial opening of the Panama Canal expansion just over six weeks away it has been announced that a…
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Brazil to open up access to Subsalt Polygon blocks
Brazilian authorities are planning to change the rules to allow companies other than troubled state oil firm Petrobras to operate…
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Shell gives up almost all its offshore Alaska drilling leases
Royal Dutch Shell on Tuesday formally gave up all but one of its leases to drill in Alaska’s Chukchi Sea,…
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Baltic Dry Index dips below 600 points again
The Baltic Dry Index (BDI) has fallen 22 points to reach 594 today, the sharpest drop seen since mid-November 2015.…
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Fire still burning onboard the Safmarine Meru at Ningbo
Fire is still burning but is under control onboard the Safmarine Meru (4,300 dwt, built 2006), the Maersk Line containership that collided with…
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Crew need to be competent not just compliant, says Intermanager
Seafarers’ professional development is being impeded by an over-reliance on monitoring, technology and a “tick-box culture” of regulatory compliance, the…
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Golar LNG replaces chief executive and establishes new downstream business
Golar LNG is replacing its chief executive and reshuffling some of its senior positions in Oslo as it turns its attention…
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NGOs call on the US and Nordics to ban use of HFO in the Arctic
NGOs have written an open letter to the leaders of the US, Denmark, Finland, Iceland, Norway and Sweden, calling on them…
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DGS Marine: Fixed premium P&I market evolving fast
London: The fixed premium P&I market will secure a double-digit share of the P&I market in the near future, argues…
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Giant Saudi yard to start operations in 2018
A giant new shipyard complex in Saudi Arabia will be fully operational by 2021. Amin Nasser, chief executive of Saudi…
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