Sector
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Odfjell opens saving account
Oslo: It’s no secret that the traditional Bergen-based shipowner Odfjell has not earned money in half a decade and is…
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Report finds technology improvements not improving navigation
Gothenburg: Despite years of improved technology and the widespread implementation of safety management systems, navigational claims remain at the same…
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ReCAAP: Report all maritime crime incidents
Singapore: Shipowners, operators and managers should report every piracy attempt, however small the incident appears to be, for authorities to…
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Abu Dhabi kick starts gas expansion
Dubai: Abu Dhabi Gas Industries Co (Gasco) and Abu Dhabi Gas Liquefaction Co (ADGAS) have awarded some $1.6bn worth of…
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Occidental to work with Adnoc
Dubai: Occidental Petroleum will carry out a $500m exploration project off Abu Dhabi in the coming two years. Occidental will…
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Shipping ought to report all piracy incidents
Singapore: All incidents of maritime crime, however petty or even unsuccessful, ought to be reported to local authorities, the executive…
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Penta Shipping: Carriers will remain firm on rates
Copenhagen: Despite a drop in bunker prices containerlines are unlikely to budge too much when it comes to rates negotiations,…
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Greek ministries disagree over ports privatisation
Athens: The new Greek government has been sending mixed signals over what is to happen to the Piraeus and Thessaloniki…
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Prime Marine sells LR1 tankers to Hafnia
Athens: Greece’s Prime Marine Management has sold four modern LR1 products tankers to Danish owner Hafnia Tankers for an undisclosed…
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Major owners form Capesize pool
Athens: Major vessel operators Bocimar International, C Transport Maritime, Golden Union Shipping, Golden Ocean and Star Bulk Carriers have formed…
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Farstad Shipping beats a retreat
Oslo: Only days after Norway’s biggest offshore owner decided to discontinue shipping operations in Aberdeen another retreat has been signaled…
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Pirate attack on Kuwaiti products tanker foiled
Tel Aviv: Pirates unsuccessfully attacked a Kuwaiti products tanker in the Gulf of Aden on Sunday night, but were overpowered…
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ExxonMobil notches up mass flow meter bunkering milestone
Singapore: ExxonMobile has said that is has now delivered more than two million metric tonnes of fuel using the Maritime…
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Greece’s ports policy will be cleaned up
Athens: Increasing business transparency and creating job opportunities will be central to the new Greek government’s ports policy, Thodoris Dritsas,…
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Baltic Dry Index reaches historic low
London: The Baltic Dry Index (BDI) today reached 559 points, its lowest level on record, and analysts say the index…
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Anglo-Eastern boss predicts continued softness in dry bulk market
Kolkata: Sea freight for dry bulk cargo like coal and fertiliser is expected to remain soft for the next couple…
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New Vizag-Jebel Ali, Tuticorin-Colombo box services launched
Mumbai: A new box feeder service, connecting Visakhapatnam on India’s eastern coast with Jebel Ali in the UAE, has been…
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UASC bolsters position in South America
Dubai: United Arab Shipping Company (UASC) has appointed The Ultramar Group as its local liner shipping agency partner in Brazil,…
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Hariga shuts down
Cairo: Libya’s eastern oil export port Hariga shut down yesterday due to a strike of security guards who claim they…
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Cosco Shipyard inks two orders
Singapore: Singapore-listed Cosco Corporation announced that Cosco Zhoushan Shipyard, has secured a contract from a Eurpean company to build a…
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