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Europe
Teekay’s Tanker Investments will buy back another 1.2m shares
Teekay’s Tanker Investments Limited (TIL) is to spend up to NOK 130m ($14.9m) on repurchasing another 1.2m of its shares…
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Europe
Sevan Marine ends partnership with CeFront Technology
Sevan Marine will no longer be obligated to buy services from CeFront Technology after the two companies today agreed to…
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Europe
Golar LNG Partners authorises $25m share buyback programme
The board of NASDAQ-listed Golar LNG Partners has authorised a repurchase programme in which the partnership may spend up to…
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Dry Cargo
Diana capesize gets discounted timecharter extension from Rio Tinto
Rio Tinto Shipping (Asia) has extended its timecharter of Diana Shipping’s capesize by a further 13 to 18 months for…
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Europe
Ship Finance International orders two LR2 product tankers in Korea
Fredriksen-led Ship Finance International (SFI) has ordered two 114,000-dwt LR2 product tankers at a shipyard in Korea. The tankers will…
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Europe
Maersk Oil hires Polarcus for 4D survey in offshore Denmark
Maersk Oil has signed a letter of intent (LOI) on behalf of the Danish Underground Consortium (DUC) with Polarcus, under which the…
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Europe
Aker Solutions and Saipem cooperate on subsea oil and gas projects
Aker Solutions and Saipem are to work together on subsea oil and gas projects by combining Aker Solutions’ subsea products…
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Containers
Workers walk out at Malta Freeport
Activity at parts of Malta Freeport has been halted after workers walked out in protest last night over scheduled annual…
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Americas
Nordic American Tankers refinances suezmax fleet
Nordic American Tankers (NAT) has extended and refinanced its current credit facility up to the end of 2020, which will…
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Europe
Hapag-Lloyd CEO joins Stolt-Nielsen board of directors
Rolf Habben Jansen, CEO of Hapag-Lloyd, has joined Stolt-Nielsen’s board of directors as a new director. “With his extensive industry…
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Americas
Gulfmark Offshore delays delivery of PSV from Simek shipyard
NYSE-listed Gulfmark Offshore has delayed the delivery of a newbuilding under construction at Norway’s Simek shipyard by 11 months. The…
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Europe
Viking Supply Ships receives early termination of $100m AHTS contract
Sweden-based Viking Supply Ships has received an early contract termination from an unnamed charterer for its anchor handling tug supply (AHTS)…
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Asia
Ezra buys EMAS Offshore’s stake in Perisai Petroleum Teknologi
Ezra Holdings has agreed to buy EMAS Offshore’s 12.5% stake in Malaysia-based upstream oil & gas provider Perisai Petroleum Teknologi…
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Dry Cargo
Baltic Dry Index plumbs new depths
The Baltic Dry Index (BDI) has reached a new all-time low for a second consecutive day today, falling 13 points…
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Dry Cargo
Star Bulk linked to sale of three capesize bulk carriers
Brokers report that Star Bulk has sold three bulk carriers this week for around $110.5m altogether. The NASDAQ-listed shipowner is…
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Americas
Brazil’s EISA shipyard files for bankruptcy
Brazil’s Estaleiro Ilha (Eisa) shipyard in Rio de Janeiro has filed for bankruptcy, just a day after its 3,000 staff…
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Americas
Ultrapetrol skips $16.5m in interest payments while it renegotiates loans
Ultrapetrol says it has decided not to make a payment of $16.5m due today in interest on various loan agreements…
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Dry Cargo
Baltic Dry Index falls below 500 points again to lowest ever level
Today’s Baltic Dry Index has been assessed at 484 points, dipping below 500 points for the second time ever to…
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Dry Cargo
Diana capesize and post-panamax get timecharters
Commodity traders Cargill and RWE Supply & Trading have respectively fixed post-panamax and capesize bulk carriers owned by Diana Shipping,…
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Americas
DHT Holdings confirms timecharter extensions for three VLCCs
NYSE-listed DHT Holdings has secured timecharter extensions on three of its VLCCs, which it says will bring in 1,800 days…
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