Sector
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Great Barrier Reef dredging ban
Sydney: A dredging ban is coming into place in further legislation for Australia’s Great Barrier Reef, a potential headache for…
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Sekwang Shipbuilding rehabilitated, looking for chemical tanker orders
Seoul: Under new ownership a bust Korean shipyard is looking to get back into shipbuilding, likely to the chagrin of…
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ING and BNP Paribas drawn into OW Bunker bankruptcy saga
Copenhagen: The scandal following the collapse of OW Bunker four months ago is snaring more and more high profile names.…
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Indian port, dock workers call off strike
New Delhi: The indefinite strike announced by Indian port and dock workers from Monday, March 16, in protest against the…
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Tulsiani to step down as chief of Gujarat Pipavav Port
Mumbai: Prakash Tulsiani is to step down from his post of managing director of Gujarat Pipavav Port Ltd from May…
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STX Dalian quits restructuring and goes into liquidation
Dalian: STX Dalian, the subsidiary shipyard of Korea’s STX Offshore & Shipbuilding, has said that the courts have terminated the…
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Sainty Marine wins support from LMAA in dispute with Greek owners
Shanghai: Sainty Marine has announced that London Maritime Arbitrators Association (LMAA) has ruled six Greek single-vessel shipowners to pay $30m…
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Waigaoqiao offloads shares in Jiangnan Changxing to drive diversification
Shanghai: China’s state run shipbuilding giant China State Shipbuilding Corporation (CSSC) is integrating its shipbuilding assets in Shanghai by adjusting…
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Rongsheng Heavy Industries changes name, issues new shares
Shanghai: Rongsheng Heavy Industries, currently planning a major restructuring deal, has passed two resolutions at a shareholder’s meeting on Friday.…
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World Bank rules Tidewater is owed $46m by Venezuela
Caracas: The World Bank has moved to resolve a long running dispute between Venezuela and offshore services provider, Tidewater. A…
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Fragile subsea market claims more Norwegian jobs
Oslo: The fragile state of the subsea market has seen more redundancies announced. Dredging specialist X-Subsea’s Norwegian division has been…
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Vard loses E.R. Offshore contracts
Oslo: Waiting till late in the night on Friday, Norwegian Vard quietly sent out a release informing that two affiliates…
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Tankerska Plovidba swoops for product pair
Zadar: Fresh from listing a subsidiary, Croatia’s largest shipowner, Tankerska Plovidba, has used the funds to buy a pair of…
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Norwegian oil watchdog comes in for criticism
Oslo: Employees from two of Norway’s most important government watchdogs employed to cover the oil sector have been criticised for…
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Clipper prepares bulkers for ECAs
Copenhagen: Owners are slowly abiding to new rules for emission control areas (ECAs) that entered into full effect on January…
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ESL Shipping lands windfall by offloading Alandia insurance stake
Helsinki: Baltic Sea bulk operator ESL Shipping has sold its 3.5% share of insurance company Försäkringsaktiebolaget Alandia to Bore Ltd,…
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Rosneft terminates drillship contract with North Atlantic Drilling
Oslo: North Atlantic Drilling, the majority owned subsidiary of John Fredriksen-controlled Seadrill, has said that Rosneft has terminated a contract to employ drillship…
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US court backs Chemical Safety Board’s right to probe offshore disasters
Houston: A ruling by a US appeals court has confirmed the authority of the US Chemical Safety Board to probe…
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Port of San Diego commissions EIR on terminal upgrade
San Diego: The Port of San Diego has commissioned an environmental impact report (EIR) to assess plans for a modernisation…
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Judge orders union to pay $60,000 in Port of Portland dispute
Portland: A federal judge on Friday ordered the dockworkers union ILWU to pay almost $60,000 for causing work slowdowns at…
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