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Americas
NewLead fires back at TransAsia in court case, blames co-defendant
More shots have been fired in the ongoing court case between NewLead Holdings and TransAsia Commodities. The Greek shipping company…
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Gas
Teekay LNG consortium to develop floating LNG import terminal in Bahrain
A consortium led by Teekay LNG Partners, Samsung C&T and Gulf Investment Corporation (GIC) today signed project agreements with the…
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Europe
Strikes to halt operations at Greek ports on Thursday
Another 24-hour strike by transport workers in Greece is expected to halt operations at at many Greek ports and terminals…
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Dry Cargo
Paragon Shipping names new CFO
Nikolas Arachovas has joined NASDAQ-listed Paragon Shipping as its new chief financial officer (CFO) with immediate effect. Arachovas was previously…
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Americas
Schlumberger announces further lay-offs
Oil services company Schlumberger is to make another round of redundancies to add to the 20,000 jobs it has already…
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Europe
NordLB’s shipping loan portfolio to take a hit over next three years
Germany’s NordLB bank expects to suffer impairments to its €18bn ($19.1bn) shipping loan portfolio over the next three years, reports…
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Europe
TEN confirms long-term suezmax timecharter
Tsakos Energy Navigation (TEN) has today confirmed it has fixed one of its suezmax tankers on a “long-term” timecharter to…
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Americas
Maersk drillship wins contract with Total in Uruguay
One of Maersk Drilling’s latest drillships has won a $44m contract to drill an exploration well for Total in block…
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Finance and Insurance
Gulf Marine Services gets $620m loan for growth
Gulf Marine Services (GMS) has secured a six-year $620m debt facility from a syndicate of lenders, which the London-listed company said…
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Asia
Alam Maritim wins discharge pipeline contract at a Petronas oil terminal
Alam Maritim (M) is to provide engineering, procurement, construction, installation and commissioning (EPCIC) services for Petronas Carigali, which is planning…
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Europe
Euronav confirms sale of suezmax tanker
Belgium’s Euronav has confirmed the sale of its 17-year-old suezmax for $22.25m. Brokers reported the sale in mid-November, citing the…
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Asia
Chevron charters Solstad derrick lay barge in Thailand
A derrick lay barge owned by Solstad Offshore is to be employed in Thailand on a four-year contract with Chevron…
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Americas
Seacor Marine issues $175m in convertible debt to Carlyle Group
Seacor Marine (SMH), part of NYSE-listed Seacor Holdings, is to issue $175m in convertible notes to investment funds controlled by…
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Europe
Scorpio Tankers gets loan, extends timecharter, nixes newbuilding options
Scorpio Tankers will not exercise its options for additional MR product tankers and has secured a new loan for $36m.…
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Asia
Marco Polo finds ‘over 180 cracks’ in new rig from PPL Shipyard
Marco Polo Drilling claims to have found “more than 180 new cracks” and other defects during testing of a high-specification…
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Asia
Rickmers Trust Management back in control of its own finances
Singapore-based Rickmers Trust Management (RTM) has met the conditions required to exit the inter-creditor deed it signed with three syndicates…
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Europe
Torm orders four LR2 product tankers in China, plus options
Denmark’s Torm has returned to Guangzhou Shipyard International (GSI) to order four LR2 product tankers with fuel-efficient designs for a…
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Asia
Star Bulk linked to sale of two capesizes
NYSE-listed Star Bulk has a deal on subjects for the sale of two capesize vessels to South Korea’s H Line…
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Containers
Euroseas confirms demolition of elderly handysize boxship
NASDAQ-listed Euroseas today confirmed it has sold its 23-year-old boxship (1,599 teu, built 1993) for demolition. Earlier this week, brokers…
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Europe
Saverys looks set to start squeeze-out of remaining CMB shares
The voluntary public takeover of Belgium’s CMB by Marc Saverys’ company Saverco is approaching its final stages, and the ‘squeeze-out’…
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