Sector
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EC and carriers agree to ‘transparency’, general rate increases scrapped
Following its anti-trust probe, the European Commission (EC) has received commitments from 15 international container shipping lines to increase transparency…
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Marenave Schiffahrts extends repayment deal with its banks
Germany’s Marenave Schiffahrts group and its banks have agreed to extend their loan repayment structure by a further six months…
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Indian conglomerate eyes distressed port assets
Diverse Indian conglomerate JSW Group is after distressed local ports assets, its CFO has told Reuters. The group, which has…
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Van Phong port complex restarts construction
A long-stalled port project in central Vietnam is set to reopen. Nha Trang Port JSC will build two terminals in…
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Aker Solutions and Total to cooperate on subsea technology
Aker Solutions and Total have agreed a four-year technical collaboration for research and innovation to develop cost-effective subsea field technology.…
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Höegh LNG quits FLNG
Norway’s Höegh LNG Holdings has decided to put all FLNG activities on hold to concentrate on its core business of…
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Creditors dismiss Havila’s bailout plans
Creditors failed to agree to Oslo-listed Havila Shipping’s revised restructuring plans, leaving the OSV firm on the brink. “Despite substantial…
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Nisshin and Daiichi Chuo continue dry bulk sell-off
The fire sale of Nisshin Shipping’s dry bulk fleet continues apace. The Japanese firm is reported by brokers as offloading…
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SPP in negotiations for up to 10 Indonesian MR tankers
South Korea’s SPP Shipbuilding is in negotiations for what could be a major turnaround order. The yard, which has had…
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Ukraine to ban crew who have called at Russian-held Crimean ports
Black Sea shipping could face a serious crewing conundrum with news that Ukrainian authorities are looking to hand out three-year…
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Indian government to showcase maritime projects for foreign investors
For shipowners clinging on to whatever glimmer of hope is out there in the global economy, India is held by…
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MES takes control of tricky AHTS contract
Difficulties in building a quartet of anchor handling tug supply vessels has seen one of Japan’s major yards step in.…
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Atlantic Offshore wins contract offshore UK from Dana
Norway’s Atlantic Offshore has won an ERRV contract from Dana Petroleum for multi-role OSV . The vessel will be supporting…
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RCL ship rams pedestrian walkway in Bangkok
A spectacular video has emerged on YouTube of the moment the containership ploughs into a pedestrian walkway in Bangkok. The…
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Shipping reset
Basil Karatzas, the ceo of Karatzas Marine Advisors, suggests shipowners need to adapt to the altered market conditions. They say…
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Port of Oakland gets funding for extended hours to cover loss of Outer Harbor Terminal
The Port of Oakland’s governing board has approved spending of $1.5m to cover the costs of extending work hours at…
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Greka Drilling awarded contract by Essar Oil
Greka Drilling has announced that it has been awarded a new contract to provide drilling services on the Raniganj East…
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Shandong Dingsheng Group acquires Shandong Yuanda Shipping
Shandong Dingsheng Group, a precision instrument manufacturer in the oil drilling sector, has announced that it plans to acquire full…
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Overseas Shipholding Group reaches settlement in malpractice case
US-based Overseas Shipholding Group (OSG) announced on Monday it has reached a settlement with law firm Proskauer Rose over alleged…
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Democrata Maritime: Accident predictor
Didcot: The unfortunate incident of the car carrier , recently adrift in the Bay of Biscay, shows that even in…
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