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The future of Europe’s maritime sector will be one of the main talking points at this year’s European Shipping Week, with particular focus being given to policy making.  Full story >>

Greek shipowners are largely untouched by the debt crisis currently engulfing the country, but the less mobile parts of the Greek maritime cluster are feeling the squeeze on finances and jobs.  Full story >>

Group net profit fell to USD79.7 million in 4Q16 from USD82.0 million in the same period a year earlier, while revenues decreased to USD117.3 million from USD191.8 million.  Full story >>

Hong Kong-listed bunker supplier and tanker owner-operator Brightoil Petroleum said on 27 February that it had achieved a HKD412 million (UD53.13 million) net profit for the six months ended 31 December 2016.  Full story >>

The recycling of offshore assets will have to change going forward Reuben Segal, Chief Operating Officer of Aqualis Offshore, told the Tradewinds Ship Recycling Forum held in Singapore between 27 and 28 February.  Full story >>

Singapore-listed offshore support vessel owner Pacific Radiance deteriorated to a USD118.  Full story >>

China COSCO Shipping Corporation said on 24 February that it plans to acquire COSCO Corporation (Singapore) Ltd's 51% stake in COSCO Shipyard Group and the latter's holdings in Cosco Nantong and Cosco Dalian.  Full story >>

Cash-strapped Daewoo Shipbuilding & Marine Engineering (DSME) is following up with Angolan national oil company Sonangol's attempts to secure a charterer for two drillships.  Full story >>

Concerns of cut-throat competition among South Korean liner operators in the intra-Asia segment have arose as the HMM + K2 consortium and SM Line Corporation will launch operations in March.  Full story >>

Latvian Shipping Company saw net losses more than triple to -USD25.18 million, from -USD7.22 million in 2015, but has reassured investors that its balance sheet is strong enough to cope with a downturn in the tanker market.  Full story >>

Hong Kong-listed bulk carrier and owner-operator Jinhui Holdings has sold four Supramax vessels to raise USD48 million, the company announced on Friday 24 February.  Full story >>

French classification society Bureau Veritas (BV) saw marine and offshore revenues and profit fall in 2016 as the sector felt the impact of the decline in newbuilding activity and vessel lay-ups in the offshore sector.  Full story >>

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