Sector
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Hubline exits container sector to focus on breakbulk
Kuala Lumpur: Hubline is pulling out of the container shipping business, citing weak freight rates and continued overcapacity. The Malaysian…
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Manaco Marine opens office in Greece for crewing ops
Colombo: Manaco Marine, a Sri Lankan company that provides ship management services to shipowners, has ventured into Greece and Cyprus,…
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China Federation of Logistics and Purchasing: Cold chain priorities
Beijing: Driven by the increasing affluence of the middle classes, who have a growing appetite for quality frozen packaged foodstuffs,…
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E.A. Technique wins EPCIC FSO contract
Kuala Lumpur: Malaysia’s E.A. Technique has announced that is received a letter of award for the provision of engineering, procurement,…
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Glencore takes Agritrade VLCC
Singapore: Rimau Shipping, an indirect wholly-owned of Agritrade Resources, has entered into a floating storage unit service contract with Glencore.…
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Tan snaps up millions of Tanjung Offshore shares
Kuala Lumpur: The man at the centre of the Tanjung Offshore scandal is using his financial muscle to get his…
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Captain fined for illegal Great Barrier Reef transit
Sydney: The master of a Taiwanese bulker has been fined several thousand dollars, after entering a no go zone in…
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Russian medal for John Fredriksen
Oslo: Shipping magnate John Fredriksen and Tor Olav Trøim , his former right hand man, have both been awarded Russia’s…
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Weak dry market threatens small shipbroking companies
London: The weak dry cargo shipping market is threatening the earnings of smaller shipbroking companies, which are growing increasingly concerned that…
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Lime Petroleum Norway increases stake in Norwegian Sea licences
Oslo: Lime Petroleum Norway has executed an agreement with Tullow Oil Norge AS1 to acquire an additional 20% interest in…
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Petra Energy awarded Petronas umbrella contract
Kuala Lumpur: Petra Energy has announced that subsidiary, Petra Resources has been awarded an umbrella contract by Petronas Carigali for…
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Kanal Istanbul project takes shape
Istanbul: Turkey’s plans are taking shape for construction of the Kanal Istanbul, an artificial waterway built to bypass the Bosporus…
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Eitzen Chemical reports large losses
Oslo: Eitzen Chemical, which last month entered into a large debt agreement with its creditors, ended 2014 with a significant…
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BW LPG secures financing for seven VLGC newbuilds
Oslo: Singapore headquartered BW LPG has announced on Oslo Bors today that it has signed a debt facility agreement for…
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New contracts for Deep Sea Supply
Oslo: Fredriksen controlled Deep Sea Supply has secured work for two of its PSVs. Sea Brazil has been contracted to under-fire Petrobras while Sea…
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Sungdong building suezmaxes for Kyklades Maritime
Athens: Greece’s Kyklades Maritime has ordered up to five suezmax vessels from South Korea’s Sungdong Shipbuilding & Marine Engineering. The…
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Automobile yard for ro-ro services at Pipavav port
Mumbai: Gujarat Pipavav Port Ltd (GPPL) and Japan’s NYK Auto Logistics (India) have collaborated in the setting up of a…
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Cosmoship orders container vessels at DaeSun
Athens: Greece’s Cosmoship Management has placed orders for two 1,800-teu containerships, plus two options, at DaeSun Shipbuilding & Engineering in Busan, South Korea. DaeSun says it…
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DOF shreds five
Oslo: DOF’s subsidiary Norskan Offshore in Rio de Janeiro has entered into an agreement to sell five ships operating in…
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UASC enters transatlantic trades
Dubai: United Arab Shipping Company (UASC) has agreed a new partnership with CMA CGM and Hamburg Süd to enter the…
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