Sector
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Shreyas adds another boxship
Shreyas Shipping & Logistics continues its fleet buildup with news that it has just signed a memorandum of understanding to…
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Shandong Huahai’s last newbuilding off to Oldendorff
Several broker reports link German bulk specialist Oldendorff to last week’s auction of an unfinished handysize sold ‘as is’ for…
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New Delhi spending to develop strategic Iranian port
New Delhi approved yesterday plans to spend $150m developing Chabahar port in neighbouring Iran. Discussions to develop the port in…
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Cargill pushes ahead with new Ukraine grain terminal
Cargill is pushing ahead with a new joint venture grain terminal in Ukraine with local firm MV Cargo. The terminal…
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Ensco to scrap a dozen
UK-based offshore drilling firm Ensco has revealed plans to scrap another five jackup rigs and a drillship, in addition to…
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The case for cold lay-ups hots up
Sanjay Shesh, managing director at Crowley Accord Maritime, outlines the savings that can be made from taking off hire ships…
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Swiss arrest Odebrecht executive in connection to Petrobras scandal
Swiss authorities have arrested an executive of Brazilian engineering giant Odebrecht as part of the ongoing bribes-for-inflated-contracts corruption scandal surrounding…
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CNPC planning oilfield services listing
China National Petroleum Corporation (CNPC) is considering spinning off its oilfield services business to optimize the group’s asset structure. Wang…
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Fugro to deploy Brazil-built IRM vessel under new contract with Petrobras
Dutch survey company Fugro has secured a one-year inspection, repair and maintenance (IRM) contract with Brazil’s state oil form Petrobras.…
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Pemex CEO says industry reform best thing for company amid oil price plunge
The recently installed new chief of Mexico’s state oil firm Pemex says the plunge in prices will not change his…
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Harkand establishes new subsea JV in Angola
Harkand and its local partner Esopeg have established Harkand Angola, a joint venture that will provide subsea inspection, repair and maintenance…
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ConocoPhillips charters COSL Drilling accommodation rig in North Sea
ConocoPhillips has chartered COSL Drilling Europe’s accommodation rig for a firm four months from late April at ConocoPhillips’ Judy platform,…
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Peruvian line goes bust leaving stranded crew and an illegal shipment of timber
Yacu Taski is the latest dry bulk casualty. The firm, part of Peruvian Amazon Line, takes timber from the Amazon…
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Sevan Marine to cut headcount again, remaining staff offered salary cuts
Norway’s Sevan Marine reduced its global headcount by almost 30% during the fiscal year 2015 and has plans to cut…
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Green group slams draft environmental assessment of fracking offshore California
A green group on Tuesday slammed as “deeply disappointing” the US federal government’s first draft environmental assessment since January’s official…
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MISC buys partner’s stake in semi-floating production system
Malaysian state-owned shipping company MISC has bought the remaining 50% stake in the Gumusut-Kakap Semi-Floating Production System Limited for $445m…
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Island Offshore updates restructuring plans
Island Offshore Shipholding has announced it has reached agreement in principle on the terms of a proposed restructuring with certain…
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Posh gets work for five vessels in the Middle East
Singapore-based offshore marine services provider PACC Offshore Services Holdings (Posh) has announced new long-term charters for five vessels to Middle…
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Frangou: Dry bulk ‘as difficult a market as ever existed in shipping’
In revealing annual results that saw net losses more than double, Angeliki Frangou, chairman and ceo of Navios Maritime Holdings,…
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Salmon now the biggest fish in the sea for Fredriksen
John Fredriksen’s most valuable equity holding is related to the sea, but is not in merchant shipping and offshore, according…
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