London-based shipbroker, Gibson, has declared that the tanker market requires a “black swan event” to revive its flagging fortunes. Noting that tanker owners have endured record low earnings over recent months while other sectors including containers, dry bulk and...

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Abu Dhabi’s drilling contractor ADNOC Drilling is now only 1 rig shy of 100 following an introduction of two more jack-up rigs to its fleet. ADNOC Drilling revealed last week it had introduced two more jack-up rigs to its offshore operations, bringing its rig fleet to...

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Bahri, the national shipping carrier of Saudi Arabia, has signed a memorandum of understanding (MoU) with compatriot mining company Ma’aden to strengthen its logistics sector ties. As part of the deal, the parties will explore co-operation across various fields,...

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NOAA has banned all Mexican fishing vessels that operate in the Gulf of Mexico from calling at U.S. ports, effective February 7.  Cross-border illegal fishing is a persistent problem in the U.S. Gulf of Mexico, where small Mexican fishing boats – lanchas...

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