United States
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Offshore
Ocean Power Technologies acquires offshore engineering firm 3Dent
US-based ocean energy technology developer Ocean Power Technologies (OPT) has acquired 3Dent Technology, an offshore energy engineering and design services…
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Dry Cargo
China buys ‘scale-busting’ record volumes of American corn
Arrow Research has published “scale-busting” charts detailing Chinese purchases of American corn over the past week. Over the past week…
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Containers
ZIM makes disappointing NYSE debut
The first shipping IPO in New York since 2015 disappointed yesterday, especially considering it was a container offering with liners…
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Dry Cargo
Eagle Bulk takes its fifth Scorpio ultramax in cash plus shares deal
US-based owner Eagle Bulk has acquired the 2017-built ultramax bulker from Monaco’s Scorpio Bulkers in a cash plus shares deal.…
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Americas
Joe Biden focuses on clean energy for shipping
Eight days into his presidency and there’s already a host of initiatives signed by Joe Biden that will have enormous…
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Bunkering
Amazon invests in electrofuels
Infinium, an American electrofuels solution provider, has seen some famous brands come in for its latest round of funding this…
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Offshore
Diamond Offshore set to emerge from chapter 11
Houston-based Diamond Offshore Drilling has entered into an agreement with holders of over 70% of its senior unsecured notes and…
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Ports and Logistics
Congested LA and Long Beach ports battle major Covid outbreak
California’s main two boxports, already suffering extreme congestion (see MarineTraffic map created today below), are having to fight a severe…
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Offshore
Vantage Drilling sends nine-year-old drillship for scrap
A host of hugely expensive drillships contracted for up to $750m each with Korean yards around the time of the…
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Offshore
Pacific Drilling seals new drillship contract with Petronas
Offshore driller Pacific Drilling has been awarded a new contract in Mexico by Petronas for 2013-built drillship . The contract…
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Gas
New Fortress Energy acquires Hygo Energy Transition and Golar LNG Partners in $5bn deal
Nasdaq-listed New Fortress Energy (NFE) has entered into definitive agreements to acquire Hygo Energy Transition and Golar LNG Partners for…
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Offshore
Neptune Energy awards Gygnus contract to Oceaneering
UK-based North Sea E&P company Neptune Energy has awarded an integrity management and fabric maintenance contract for its operated gas…
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Maritime CEO
To the Point Communications: Telling shipping’s story
By common consent Mike Zampa is one of the good guys in shipping. Everyone who has had dealings with him…
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Americas
Elaine Chao quits as US transport secretary
Yesterday saw a host of Trump associates quit their posts in government in the wake of Wednesday’s storming of the…
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Renewables
Crowley sets up new division to focus on offshore wind and LNG
US owner Crowley Shipping has announced the formation of a new division to focus on emerging energy including offshore wind…
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Offshore
McDermott secures offshore engineering contract from Qatargas
McDermott International has announced that it has been awarded a contract from Qatargas to deliver front-end engineering and design (FEED)…
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Offshore
Oceaneering awarded $250m worth of contracts
Oceaneering International has announced that it has won multiple contracts for its integrity management and digital solutions (IMDS) segment worth more than…
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Offshore
McDermott gets $560m cash boost
Houston-based offshore engineering firm McDermott International has secured $560m in new capital. The funds were provided via a series of…
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Offshore
Pacific Drilling emerges from chapter 11
Offshore driller Pacific Drilling has emerged from chapter 11 having completed a balance-sheet restructuring and the implementation of its plan…
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Dry Cargo
Genco offloads seven handies
US-listed Genco Shipping & Trading is offloading seven handysizes, according to VesselsValue’s sales register. UK-based Tufton Oceanic is linked to…
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