Dispatches No. 247

Last Week:

Administration work

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This Week:

02 June Oslo, InterManager Executive Committee Meeting 

02 June Oslo, Big Data Round Table – Nigel Clive, Tony Field, Spencer Eade, George Hoyt and Kuba Szymanski representing … (Read more…)

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FSIG to take three subsidiaries public

Fujian Shipbuilding Industry Group (FSIG) plans to take public three of its wholly owned subsidiaries.
A state-owned shipbuilding group based in Fujian, China, its three subsidiaries are identified as Fujian Mawei Shipbuilding, Fujian Southeast Shipbuilding, and Fujian Minchuan Marine Ship Industry
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IEV raises $4.79m from rights issue

Singapore-listed offshore services provider IEV Holdings has raised net proceeds of approximately SGD6.45 million (USD4.79 million) from a rights issue.
According to the company’s filing to the Singapore Exchange (SGX), IEV intends to utilise the net proceeds for the development of the Pabuaran
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HMM shrinks VLCC fleet

Hyundai Merchant Marine (HMM) is now left with just one very large crude carrier (VLCC) after selling two VLCCs in May.
South Korea’s second-biggest shipping company confirmed to IHS Maritime that 2005-built Universal Crown and Universal Queen have been sold to compatriot Sinokor Merchant Marine.
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Vard launches new innovation project

Singapore-listed offshore vessels designer and shipbuilder, Vard Holdings has launched a new innovation project in ship design.
The project, named ‘A step forward’, are design innovations developed with an emphasis on safety, user-friendliness, functionality, operability, cost optimisation, fuel
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