Sector
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Hyunsung MCT places debut ship order at Daehan
South Korean company Hyunsung MCT has placed its debut ship order at domestic yard Daehan Shipbuilding for the construction of…
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SMM survey highlights supplier optimism
Hamburg Messe, organisers of SMM, the world’s largest shipping exhibition, has revealed the results of its biennial survey, which paints…
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Sonadrill awarded drillship contract
Sonadrill Holding, a 50/50 joint venture between Seadrill and Sonangol, has secured a nine-well contract with six one-well options in…
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Berge Bulk acquires HNA capesize
Singapore-based bulker owner Berge Bulk has acquired a 2014-built capesize bulker from Shanghai HNA Marine Shipping, a shipping unit of…
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Fugro lands $27.5m geotechnical project offshore Germany
Offshore service provider Fugro has been awarded a multi-year contract by Germany’s Federal Maritime and Hydrographic Agency for a geotechnical…
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Stretched resources see cases of ‘narco-torpedoes’ on the rise out of South America
Countries across South America are struggling to crack down on so-called “parásito” trafficking whereby metal cylinders full of drugs are…
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Novatek sets up LNG carrier jv with Sovcomflot
Russian gas producer Novatek has entered into a joint venture agreement with Sovcomflot to create a shipping joint venture. Under…
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Australian plans for a biosecurity levy attacked
The Australian government is coming under pressure to rescind plans for a biosecurity levy for all incoming ships. The bill…
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Wood gets TAQA North Sea extension
UK-headquartered Wood has been awarded a contract extension by TAQA for engineering, construction and maintenance services on its North Sea…
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Tight tonnage in the Atlantic sends fronthaul capes towards decade-highs
An extremely tight tonnage list in the Atlantic basin saw rates for 180,000 dwt capesizes leap by $7,750 yesterday to…
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Cosco distances itself from 25,000 teu ship order rumours
An executive from Cosco has denied rumours about the company’s plan to order record-breaking 25,000 teu ultra large containerships at…
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China Merchants reportedly in discussions for further CMA CGM terminal investments
Bloomberg is reporting that China Merchants Group is looking to invest in more ports owned by French containerline giant CMA…
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Fortune Ocean finds buyer for four handies
Chinese bulker owner Fortune Ocean Shipping has finally found a buyer for its four 2015-built, 34,400 dwt handysize vessels, Xing…
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Zhoushan Changhong continues construction of five Ouhua boxships
Zhoushan Changhong International Shipyard is going to continue construction of five unfinished containerships at Ouhua Shipbuilding, having taken over the…
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Former workers fail in case against GC Rieber
Norway’s Gulating Court of Appeal has ruled in favour of GC Rieber Shipping, confirming a decision made by Bergen District…
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Solstad Offshore secures CSV contract extension
Norway’s Solstad Offshore has secured a contract extension from Prysmian Powerlink for its CSV . The contract will be extended…
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Stena Drilling semi-sub contract terminated
Stena Drilling has terminated a contract with Alpha Petroleum for 1983-built semi-submersible rig . The two companies signed a deal…
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CIMC Raffles fixes charter for jackup newbuilds with Pemex
CIMC Raffles has fixed two jackup newbuilds under construction at the yard to Mexican oil company Pemex under long-term contracts.…
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CNOOC chairman appointed general manager of Sinochem
Chinese state-run chemical giant Sinochem has announced the appointment of Yang Hua as the new general manager of the group…
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Court to auction off Qingdao Marine Shipping bulker
Qingdao Maritime Court will hold an auction for the 2009-built 33,000 dwt handy bulker through online platform Taobao on September…
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