Maritime & Merchant Bank Open for Business

Maritime & Merchant Bank ASA (M&M), a niche bank for the shipping and offshore sector, opened its doors for ...

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ICS Lambastes Calls to Include Shipping into EU ETS

The International Chamber of Shipping (ICS) says that a unilateral decision by the European Union to incorporate ...

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Hyundai Heavy Loses USD 1.9 Billion FPSO Order

Chevron North Sea Limited has canceled its order for a Floating Production Storage Offloading (FPSO) unit at South ...

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Maersk: Hamburg Süd Deal Will Cushion Spin-Off Effects

Denmark’s A.P. Moller-Maersk expects the revenue generated through the recently acquired container carrier ...

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Gallery: Ardent Removes Jack-Up Wreck from Seabed

Marine services provider Ardent completed the removal of the sunken Troll Solution jack-up in November, 2016, which ...

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Spotted: Libra FPSO Christened in Singapore

On December 2, 2016, Singapore-based Jurong Shipyard held a naming ceremony for the Pioneiro de Libra, a shuttle ...

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SHI Cancels USD 774 Million LNG FPSO Order

South Korea’s Samsung Heavy Industries (SHI) has terminated a contract for the construction of a liquefied ...

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Höegh LNG Inks 20-Year FSRU Contract in Ghana

Höegh LNG has signed a contract with Quantum Power Ghana Gas Limited to provide a floating storage and ...

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Rolls-Royce Axes 800 More Jobs at Marine Business Unit

Rolls-Royce plans to lay off 800 more workers from it Marine business throughout 2016 and 2017 citing ...

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Saudi Arabia Inaugurates USD 4.3 Billion Maritime Complex

The inauguration ceremony of the King Salman Global Maritime Industries Complex was held at Ras Al-Khair, near ...

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Canada Formalizing Crude Tanker Moratorium on BC North Coast

The government of Canada will introduce legislation by spring 2017 to formalize a moratorium for crude oil tankers ...

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Third BigRoll Module Carrier Leaves Cosco Dalian Shipyard

The Netherlands-based BigRoll Shipping has taken delivery of the third of four MC-Class module carriers, the ...

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Spotted: Prelude ISV Duo Named in Singapore

Australia-based marine towage services provider KT Maritime, a joint venture of Kotug International and Teekay ...

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Offshore Energy 2016 Kicks Off

The 9th Offshore Energy Exhibition and Conference (OEEC) is starting on Tuesday, October 25, 2016, in Amsterdam ...

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Spotted: Icebreaker Sisters Waiting to Be Named

A double naming ceremony for Pomor and Normann, the two icebreaking offshore vessels built for the Russian shipping ...

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Spotted: Hawk Swoops Up Transocean Winner

Transocean Winner, the oil rig that grounded near Scottish Carloway in August and that was subsequently towed to ...

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MOL Signs Deal for USD 988 Mn Loan

Japanese shipping company Mitsui O.S.K. Lines (MOL) has entered into an agreement for a JPY 100 billion (USD 988.6 ...

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MISC Berhad Launches Marginal Fields FPSO

Malaysia International Shipping Corporation (MISC Berhad) held a sail away ceremony for the Marginal Marine ...

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Moody's: Maersk Ratings on Review for Downgrade

Denmark-based shipping and oil company A.P. Møller-Mærsk’s Baa1 issuer rating, Baa1 senior unsecured rating ...

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Readers’ Picks of the Week

Maersk Reshuffles Executive Echelon Following the Operations Split A.P. Møller – Mærsk A/S has made several changes ...

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Teekay Offshore Partners Lands Shuttle Tanker Contracts

Teekay Offshore Partners has been awarded new three-year shuttle tanker contracts of affreightment (CoA), plus ...

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Maersk Reshuffles Executive Echelon Following the Split

A.P. Møller – Mærsk A/S has made several changes to the Group’s executive management following the ...

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Maersk to Split Transport and Energy Businesses

Danish shipping and energy conglomerate A.P. Møller – Maersk A/S  has decided to reorganise its portfolio of ...

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IUMI: Marine Insurance Market Faces Uncertain Future

Global marine underwriting premiums in 2015 amounted to USD 29.9 billion, down by 10.5% compared to the 2014 ...

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Boskalis Presses On with Fleet Rationalization, Job Cuts

Works Council of the Dutch dredging and maritime company Royal Boskalis Westminster N.V. has unanimously rendered a ...

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Spotted: DEME’s Living Stone Hits the Water

Belgian dredging and marine engineering group DEME launched “the world’s most advanced” subsea cable ...

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Netherlands to Stage First Offshore Exhibition

In mid-December, the Maritime Museum Rotterdam is to stage the first ever exhibition in the Netherlands dedicated ...

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