Sector
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$3.4trn: Stopford puts a price tag on the global fleet upgrade needed through to IMO 2050
The world’s most famous shipping economist, Dr Martin Stopford, has put a dollar figure estimate on what shipping will need…
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VLOC orderbook petering out
The orderbook for very large ore carriers (VLOCs) is rapidly running out. According to Alphabulk, 14 VLOCs are scheduled for…
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Russia closing Kerch Strait for six months
Russia’s Ministry of Defense has reportedly announced it will close the waters leading to the Kerch Strait, which connects the…
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Maersk Growth among investors in Torch short-haul freight network
Maersk Growth and several venture-capital companies have together invested $3.5m in Torch, a 3PL platform focused on the short-haul segment.…
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Julian Proctor leads new green leasing entity
Julian Proctor is spearheading a new green shipping leasing company. The ex-Tiger Group executive joined asset management firm EnTrust Global…
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Algoma slapped with $500,000 oily bilge water fine
Canada’s Algoma Central Corporation has been fined $500,000 in an American court after pleading guilty to dumping unprocessed oily bilge…
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90% of all cocaine trafficked via sea
The International Chamber of Shipping (ICS), in conjunction with Witherbys have released the sixth edition of the publication Drug Trafficking…
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Search continues for missing crew of Seacor liftboat
The search continues for the missing crew from , a 129-ft liftboat that capsized in stormy weather around 4:30 pm…
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US Appeals Court puts end to legal fight over Arctic offshore oil and gas leasing
The US Court of Appeals for the Ninth Circuit this week ruled that an executive order by President Biden made…
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Petronas taps Maersk Drilling for Gabon campaign
Maersk Drilling has been awarded a $24m contract from PC Gabon Upstream, a subsidiary of Petronas, for the provision of…
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Saipem picks Harland & Wolff for offshore wind job
Italian offshore engineering specialist Saipem has contracted UK yard Harland & Wolff for the fabrication and load-out of eight jacket…
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Welltec bags well intervention deal with Petronas
Danish offshore energy technology firm Welltec has won an exclusive three-year contract from Malaysian energy major Petronas. Under the agreement,…
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Japanese offshore wind maintenance unit launched
Japan’s Mitsui and Hokutaku have jointly established Horizon Ocean Management (HOM) for the purpose of providing inspection and maintenance services…
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Total and CNOOC ready for Ugandan crude exports via pipeline to Tanzania
Aframaxes are set to haul crude from landlocked Uganda following news of a major pipeline construction across East Africa. France’s…
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Pioneer Marine offloads another bulker
Athens-based handysize specialist Pioneer Marine has sold its 2009-built handysize bulker . The sale comes on the back of Pioneer…
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Tufton Oceanic adds a handysize bulker
Tufton Oceanic Assets has announced an addition to its fast growing fleet, which now numbers twenty two vessels. The company…
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Jumbo Shipping and SAL Heavy Lift alliance kicks off
Jumbo Shipping, the Dutch maritime heavy lift transport and engineering contractor, and SAL Heavy Lift, the German-based breakbulk and project…
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Maersk Tankers offloads LR2 sextet to ADNOC
Denmark’s Maersk Tankers has sold six new LR2 product tankers to ADNOC Logistics & Services (ADNOC L&S), the shipping and…
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Worley awarded North Sea contract extension with CNOOC
Australian offshore engineering company Worley has won a two-year contract extension to provide engineering, procurement and construction services to CNOOC’s…
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World’s largest bunkering hub gets into biofuels
The Maritime and Port Authority of Singapore (MPA) has teamed up with Oldendorff Carriers, BHP and GoodFuels to carry out…
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