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Copenhagen: The world’s largest ship supplier Wrist Group reported a 16% increase in pre-tax profits to $76m for 2012.
New York: Classification society ABS grew its fleet by 4% last year to reach 193m gt despite the difficulties faced by the shipping market.
The word pipeline can strike fear into the hearts of tanker owners as they envisage the loss of long haul crude demand - four years ago it was Russian announcements…
Rio de Janeiro: Petrobras has ordered 23 offshore support vessels to be built in Brazilian yards in the fourth round of its fleet renewal plan.
The $5.25bn expansion of the Panama Canal has entered its most critical years with the conclusion of the new locks construction scheduled for the first quarter of 2015.
New York: Maersk’s Group's ceo Nils Andersen (pictured), visiting New York this week, was honored by ringing the opening bell at the NASDAQ marketplace, adjacent to the iconic Times Square.
Shanghai: Brazil mining giant Vale's 400,000 dwt Vale Malaysia docked at Lianyungang port in China this week.
Singapore: An Ezion joint venture has won a $148.6m contract to provide a service rig over a seven-year period to support a national oil major in Central America.
Shanghai: ZIM is set to upgrade its Asia-South America East Coast (ASE) service in mid-May, jointly with Cosco and Evergreen, deploying 8,500teu vessels.
Private equity has made a visible mark on the shipping scene; in the latest iteration, a big fund group is getting behind an acquisition company that was unable to pull…
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