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Asia
Ezion to jointly operate two China-built service rigs
Ezion Holdings is to jointly market two new service rigs alongside their unnamed Chinese builder, from whom the Singapore-based company…
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Dry Cargo
Baltic Dry Index falls for fifth consecutive trading day
There was more woe today for the Baltic Dry Index (BDI), which fell for the fifth time in as many…
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Europe
Navig8 Product Tankers gets $128.5m loan for LR1 newbuildings
Navig8 Product Tankers has agreed a $128.5m secured loan from Credit Agricole Corporate and Investment Bank (CACIB) and BNP Paribas,…
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Dry Cargo
Paragon sells panamax bulk carrier to repay loan
NASDAQ-listed Paragon Shipping has sold its panamax bulker  for $3.5m in cash to an unnamed buyer. The net proceeds from…
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Europe
Aker agrees new American Shipping Company TRS scheme
The Aker Group’s subsidiary Aker Capital II has entered into a total return swap agreement with DNB Markets, part of…
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Europe
Standard Life opposes Shell’s takeover of BG Gas
Standard Life, a major investor in Royal Dutch Shell, says it will vote against the oil major’s proposed takeover of…
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Europe
Frontline Management CFO buys more FRO shares
Inger M. Klem, Frontline Management’s CFO, has increased her share in Frontline Ltd (FRO) to 900,000 shares by buying some…
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Asia
PACC Offshore Services expands into Saudi Arabia
Singapore’s PACC Offshore Services Holdings (POSH) has expanded into the Middle East by establishing POSH Saudi Company, a joint venture with…
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Dry Cargo
Diana Shipping gets $76m loan for Newcastlemaxes from Export-Import Bank of China
Greece’s Diana Shipping has signed a term loan facility for up to $75,734,900 with the Export-Import Bank of China. The…
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Asia
EA Technique to provide tugs to Sungai Udang Port
Malaysia’s Sungai Udang Port in Malacca has signed contracts worth a combined RM26.6m ($6.0m) to hire three tugs and a…
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Dry Cargo
Baltic Dry Index takes a turn for the worse
The Baltic Dry Index (BDI) has reached another all-time low level for a third consecutive trading day, falling 22 points…
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Containers
Strike at Rotterdam looks set to halt container operations from today
Container operations look likely to be halted at the Port of Rotterdam after workers began a 24-hour stike at 15:15hrs…
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Americas
Seanergy effects 1-for-5 reverse stock split
Seanergy Maritime’s common stock begin trading on a 1-for-5 reverse stock split-adjusted basis on the NASDAQ Capital Market when trading…
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Europe
EC approves merger of Nordic Tankers and Borealis Maritime
The European Commission (EC) has greenlit the formation of Crystal Nordic, a 50:50 joint venture (JV) between Nordic Tankers and…
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Asia
Atlantic Navigation suspends share issuance, gets loan for liftboat acquisition
Singapore-listed Atlantic Navigation (Singapore) has secured a $13m convertible loan from investment firm SCF that will be used to partly…
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Asia
Freight derivatives in Singapore see massive increase during 2015
Freight derivatives traded on the Singapore Exchange (SGX) increased by 505% during 2015, with full-year freight derivative volumes totalling 278,393…
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Europe
Golar LNG buys back shares from total return swap scheme
Golar LNG has bought back 500,000 shares from its total return swap (TRS) agreement, reducing its holding under the programme…
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Europe
Wilhelmsen Group names Christian Berg as new CFO
Christian Berg is to join Wilh. Wilhelmsen Holding as its new CFO in April, succeeding Nils P Dyvik, who plans…
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Dry Cargo
Baltic Dry Index reaches new low due to weak capes, but panamaxes rallying
The Baltic Dry Index (BDI) has reached another all-time low, falling 5 points to 468, due to weak chartering activity…
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Asia
Australia Pacific LNG project delays first cargo for Sinopec
An LNG carrier chartered by China’s Sinopec has been waiting for over two weeks to load at the Australia Pacific…
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