Embattled DryShips Presses On with Reverse Stock Split

Nasdaq-listed shipowner DryShips said on Tuesday its Board of Directors signed off a 1-for-7 reverse stock split of ...

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Canada Extends St. Lawrence Seaway Management Deal

The Government of Canada has agreed a five-year extension of a deal with the St. Lawrence Seaway Management ...

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MSC, Somali Govt Agree on Release of Ship that Cut Internet

Swiss Mediterranean Shipping Company (MSC) has reached an agreement with the Somali government on the release of ...

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SOFTimpact, Lemur Partner Up on Cyber Security Solutions

Cyprus-based maritime IT solutions provider SOFTimpact has signed a strategic partnership agreement with newly ...

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DryShips: Class Action Lawsuit without Merit

Responding to the recent class action lawsuit filed in the US District Court, Greek shipowner DryShips said the ...

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Mid-Sized Niche Carriers Up Fleets in 2017

The mid-sized niche carriers have seen a 12.8% increase in deployed capacity during the first six months of 2017, ...

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Global Maritime Security Incidents Take Downward Turn

There was an overall 15% decrease in global maritime security incidents in the first half of 2017, compared with ...

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Drewry: Vietnam, Indonesia Adding Direct Mainline Services

The assumption that the rise of mega-ships and alliances would limit the coverage of direct mainline container ...

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Höegh LNG, Nakilat Join Forces on FSRU Projects

Floating energy solutions provider Höegh LNG and shipping company Nakilat have agreed to explore collaboration for ...

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ReCAAP: Piracy Incidents Down by 22 Pct in H1

A total of 36 incidents of piracy and armed robbery against ships, comprising 30 actual and six attempted ...

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Nigerian Navy Thwarts Vessel Hijacking Attempt

The Nigerian Navy has foiled an attempted hijacking of a merchant vessel some 16 nautical miles off the coast ...

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BV Grants AIP for Wison’s Floating LNG Power Supply Barge

Shanghai-based Wison Offshore & Marine, part of Wison Group, informed that its newly-developed floating storage ...

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New Emission Control Rules from 2019 in Hong Kong

Hong Kong will introduce its own regulation to require vessels plying Hong Kong waters to use cleaner fuel from ...

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Philly Shipyard Posts Higher H1 Net Income

Oslo-listed Philly Shipyard ASA recorded USD 19.4 million in net income for the first half of the year, ...

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Rolls-Royce Inks Service Deal for 74 Vessels

UK-based engineering company Rolls-Royce has signed a three-year service agreement with Siem Offshore and Subsea 7 ...

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GMS: Pakistan to Tighten Scrapping Rules for Tankers

Pakistani shipbreaking yards, which are currently closed to for tankers following accidents on uncleaned FSU and ...

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Report: SHI to Continue Cutting Its Workforce

South Korea’s shipbuilder Samsung Heavy Industries (SHI) is looking to further cut its workforce, continuing ...

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First Vessel Over 13,000 TEUs Calls at Port of NY & NJ

On July 17, Hong Kong-based container carrier Orient Overseas Container Line (OOCL) and Salt Lake City, Utah, ...

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Oceanbulk Books Capesize Quartet at Shanghai Waigaoqiao

Greek Oceanbulk Group has been linked to an order for four Capesize bulkers at China’s Shanghai Waigaoqiao ...

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Martek Marine Gets Euro Drone Contract

The European Maritime Safety Agency (EMSA) has included the UK-based Martek Marine in a framework contract for ...

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Interview: BWM Rules Threaten Small-Sized Ships

An amended implementation scheme for ships to comply with the D-2 biological standard under the Ballast Water ...

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Three Dead, Three Missing after Cargo Ship Sinks off Vietnam

General cargo ship VTB 26, carrying 4,700 tons of coal and 13 crew members on board capsized and sank on Monday, ...

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Nisshin Shipping In for Up to Seven Panamaxes

Japanese shipping company Nisshin Shipping has been linked to an order for up to seven 82,000 DWT bulkers at ...

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CMA CGM, SEATRADE Enter Vessel Sharing Deal

French container shipping giant CMA CGM Group and specialised reefer transporter SEATRADE Group have joined ...

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Laura Maersk Suffers Engine Issue off Alaska

The 265-meter-long containership Laura Maersk, which went adrift on July 14, was towed to Dutch Harbor, according ...

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Salvors to Remove Fuel from Lomar’s Grounded Newbuild

Kea Trader, which struck a reef off New Caledonia last week, remains aground five days after the grounding ...

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Asphalt Tanker Loses Power off Nantucket

The Marshall Islands-flagged tanker Asphalt Sailor was stuck some 210 miles off the coast of Nantucket, ...

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