Sector
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Lanhai fleet goes for the third round of auctions
Shanghai: Guangzhou Maritime Court has announced that six bulk carriers belonging to Guangdong Lanhai Shipping are going to a third…
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Gulf of Mexico offshore block sales raise $539m in subdued bidding
New Orleans: The US Department of the Interior raised $539m in lease sales for oil and gas properties in the…
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GSI unveils new name and scope
Guangzhou: Shanghai and Hong Kong dual listed Guangzhou Shipyard International (GSI) is to change the company’s name to CSSC Offshore…
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Transocean to scrap four more offshore rigs
New York: Offshore drilling contractor Transocean announced on Wednesday it will scrap four rigs it had previously planned to sell, and…
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ConocoPhillips to slash budget, cut jobs
Houston: US oil and gas multinational ConocoPhillips announced on Wednesday that it is planning to shed billions of dollars from…
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New Delhi plans anti-dumping duty on certain types of steel
New Delhi: In a bid to protect indigenous industry, India’s Ministry of Trade has recommended anti-dumping duties ranging from $180…
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GAIL to re-issue LNG ships tender with altered norms
New Delhi: After failing to attract any bids from domestic shipbuilders for constructing three liquefied natural gas (LNG) carriers in…
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U-Ming solid on cement prospects
Taipei: Taiwan’s U-Ming Marine Transport is moving to rejuvenate its ageing cement carrier fleet. The dry bulk owner, owned by…
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Indonesia hands Statoil another licence
Oslo: Statoil was today awarded new exploration acreage through the Aru Trough I licence offshore Indonesia. The licence covers an…
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HPH Trust in $1bn notes issuance
Singapore: Hutchison Port Holdings Trust has been fund raising. Yesterday, the Singapore listed arm of the global port operator issued…
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Manila a step closer to changing cabotage laws
Manila: The Philippines has taken a step further to changing its cabotage laws. Three committees in congress yesterday voted in…
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Statoil’s latest gas find
Oslo: Statoil has found gas and is now drilling at wildcat well 6706/12-2, some 6 km west of the Aasta…
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Gestion Maritime: Tanker diversification coupled with bulk acquisitions
Monaco: Monaco-based Gestion Maritime is ready for its debut in the liquid bulk market this summer and is also readying…
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Knarr field produces first oil for BG Group
Oslo: BG Group has said today that Teekay FPSO Petrojarl Knarr has started production from the Knarr oil field in…
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NYK sets up new employment scheme for Japanese seafarers
Tokyo: NYK has decided to implement a new employment scheme to get more Japanese seafarers with specialist knowledge on its…
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MOL rebrands project divisions
Tokyo: Mitsui O.S.K. Lines (MOL) has created a unified brand — MOL Project & Heavy Cargo — as it looks…
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Port Metro Vancouver fire raises concerns about container contents
Vancouver: Two weeks after the Port Metro Vancouver chemical fire at the Centerm terminal, concerns are being raised about emergency…
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Nordic American Offshore’s Hansson put his money where his mouth is
Oslo: Executive chairman and president of NYSE-listed Nordic American Offshore (NAO) Herbjorn Hansson has put his money where his mouth…
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More drilling more safely, says Interior Secretary Jewell
Washington: US Interior secretary Sally Jewell had it both ways on Tuesday, telling a Washington DC audience that the government…
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Shanghai Bestway secures offshore construction platform contract
Shanghai: Shanghai Bestway Marine Engineering Design has announced that it has signed an EPC contract with CCCC Second Harbor Engineering…
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