Indian sub-continent ship recycling markets remain decidedly dicey as both currencies and local steel plate prices in India and Bangladesh declined even further this week, reports cash buyer GMS.“Vessel prices and demand take on a whole new meaning of ...
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Esgian Week 29 Report: New Drilling Plans in Guyana and Norway
Esgian provides an update on new drilling plans in Guyana and Norway in its Week 29 Rig Analytics Market Roundup.Report SummaryContractsADES has secured a 10-year contract extension for 250-ft jackup Admarine 657 offshore Saudi Arabia, commencing…
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AST Networks Expands into NavCom Systems
AST Networks has expanded into the navigation and communication (NavCom) system sector.The move reflects their commitment to providing comprehensive communication solutions that address the evolving needs of the marine industry. By integrating…
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One Dead in Maersk Frankfurt Fire
The Panama Maritime Authority (PMA) has reported that one seafarer is dead after the newly built container ship Maersk Frankfurt suffered an explosion that caused a fire while navigating the Arabian Sea near the coast of India.“The ship's operator repo...
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Danish Shipping Welcomes Re-elected Commission President
Ursula von der Leyen has been re-elected as President of the European Commission. Her political manifesto, presented shortly before the election, matches all the priorities of Danish Shipping for 2024-2029.Danish Shipping welcomes her continued priorit...
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Malaysia Coast Guard Locates Tanker Involved in Collision
Malaysia's coast guard said on Saturday that one of the two large oil tankers involved in a collision that led to fires on both had left the location of the accident and was believed to have turned off its tracking system.The coast guard said…
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China, Philippines Agree on ‘Provisional Arrangement’ for South China Sea Resupply Missions
The Philippines and China have "reached an understanding on the provisional arrangement" for resupply missions to a beached Filipino naval ship in the South China Sea, Manila's foreign ministry said in a statement on Sunday.The Department of…
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Russia Conducts Navy Drills in White Sea
Russian warships conducted training drills in the White Sea to convoy and defend a caravan of ships, state-run TASS news agency reported on Sunday, citing the Russian Defence Ministry, in what it said was routine combat training.During the drills two s...
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Curtin Maritime Names Sandra Grujic CFO
U.S. maritime services company Curtin Maritime announced it has appointed Sandra Grujic as its new chief financial officer and a member of the company's executive leadership team.Grujic brings a wealth of experience to the role, having previously…
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Fire Breaks Out On Maersk Containership Off Coast of India
Maersk on Friday said there was a fire incident on one of its chartered vessels sailing from Mundra, off the western coast of India to Colombo, Sri Lanka.The fire started due to a short circuit resulting in explosions and the death of a seaman from Phi...
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