Sector
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Perseveranza di Navigazione: Dry bulk glass half-full?
Even when the Baltic Dry Index is sinking down day by day it’s possible to see the glass as hulf-full…
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Aker Solutions dishes out pay cuts as further job losses loom
Aker Solutions has taken additional steps to cut costs and raise the competitiveness of its Norwegian maintenance, modifications and operations…
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Maersk will support green initiatives in Alang
Having helped shape the green image of Chinese ship recycling, Maersk is now looking to transform Alang, home to the…
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Maersk Oil extends Noble Corporation jackup at huge discount
Noble Corporation has announced that it has been given a 26-month extension from Maersk Oil for jackup rig . The…
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Polarcus wins survey work off Norway
Dubai-based seismic operator Polarcus has been awarded a 4D project at a field offshore Norway. The survey, for an undisclosed client, will…
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US ports ill-prepared for new container weighing requirements
Fitch Ratings, one of the big three statistical ratings agencies in the US, said on Thursday that US ports are…
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Dutch firm called in to help right Modern Express
The Koninklijke Roeiers Vereeniging Eendracht (KRVE) (Royal Boatmen Association Eendracht) are using their novel ShoreTension system to right the car…
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New search for El Faro’s VDR will start in April
The US National Transportation Board (NTSB) announced on Thursday it will make another attempt to find the Voyage Data Recorder…
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Ultrapetrol bondholders agree to extend forbearance period
Ultrapetrol has won approval from bondholders to hold off enforcement action related to its 8.875% first preferred ship mortgage notes…
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Hercules Offshore to explore ‘strategic alternatives’
NASDAQ-listed drilling contractor Hercules Offshore, having emerged from Chapter 11 bankruptcy in November, has announced the formation of a special committee…
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Ditas Shipping orders two suezmax tankers from HHI
Turkey’s Ditas Shipping has ordered two 158,000-dwt suezmax crude tankers from Hyundai Heavy Industries (HHI) in South Korea, reports say.…
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Saga Tankers upsizes plan to increase share capital
Oslo-listed Saga Tankers has authorised a plan to raise its share capital by issuing new shares worth up to NOK…
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KS Drilling rig hit with $15m in unpaid import tax and fines
Indonesia’s customs and excise authority says KS Drilling owes IDR 197bn ($14.75m) in unpaid import tax and fines related to…
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Offshore Group Investment Limited completes restructuring, changes name
Offshore Group Investment Limited (OGIL) has completed its prepackaged Chapter 11 restructuring in the US and will change its name…
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Rosneft and Pietro Barbaro form international shipping venture
Italian owner Pietro Barbaro has further cemented ties with Russian energy major Rosneft with the signing today of a Memorandum…
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HMM’s shares plunge 20% on North Korean links
Adding further woe to its prospects of survival, the share price in South Korea’s Hyundai Merchant Marine plunged a record…
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RBS renews efforts to divest ship finance arm
Royal Bank of Scotland (RBS) is a step closer to offloading its ship finance assets. Sky News is reporting that…
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SBM Offshore plans further job cuts after shedding 3,200 staff in 2015
Dutch floating production specialist SBM Offshore has revealed a total of 3,200 positions were cut during 2015 and already more…
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Wilhelmsen spins off Treasure entity holding Hyundai Glovis stake
Wilh. Wilhelmsen has revealed plans for Den Norske Amerikalinje, which owns a 12% shareholding in Hyundai Glovis, that will see…
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Epic Gas puts older gas carriers in the shop window
In revealing its full year results today Singapore’s Epic Gas has let it be known it is keen to offload…
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