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Asia
DSME suing Songa Offshore for $179m
Daewoo Shipbuilding and Marine Engineering (DSME) has filed a claim submission for $179m against Songa Offshore, regarding the construction contract…
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Europe
Shell and BG Group announce post-merger personnel changes
Shell has confirmed it will retain a number of key executives after it completes its $70bn takeover of BG Group,…
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Asia
Cosco gets $3.14bn financing from China Development Bank
China’s Cosco Shipyard has secured RMB20bn ($3.14bn) in financing from the Dalian branch of China Development Bank, which will be…
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Europe
Merger of the two Frontlines draws nearer
Oslo-listed Frontline has received approval from Norwegian financial authorities to issue new shares as consideration for its planned merger with…
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Dry Cargo
Australian ship’s final voyage blocked by angry crew
Crew have halted the final voyage of an Alcoa-owned alumina bulker to Singapore by refusing to sail the ship, which…
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Europe
Det Norske buys Premier Oil Norge
Det norske oljeselskap has paid $120m in cash for Premier Oil Norge (PONAS), the Norwegian subsidiary of UK-based Premier Oil…
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Dry Cargo
DryShips sells supramax pair, the first in its fleet sell-off
DryShips has sold its first vessels since announcing plans to sell 22 bulk carriers, comprising 20 panamaxes and two supramaxes.…
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Europe
Two product tankers collide in the Arctic
Two product tankers have reportedly collided in ice in the Laptev Sea, north of Russia, while proceeding in an ice…
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Europe
Ship Finance International sells suezmax tanker
Ship Finance International (SFI) has sold its 1998-built suezmax to an unnamed buyer for $21.2m. Brokers have reported that the…
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Americas
Nordic American Tankers increases shareholding in NAO
Nordic American Tankers (NAT) is to increase its stake in Nordic American Offshore by 6.7% through the acquisition of 1,521,300…
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Americas
Sino-Global gets share price warning from NASDAQ
Sino-Global has received a notice of non-compliance from NASDAQ that could threaten the China-backed company’s listing on the stock exchange.…
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Middle East
APL boxship smash writes off quay crane
The ultra-large containership APL Temasek which allided with a gantry crane and navy barge at Suez Canal Container Terminal (SCCT)…
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Middle East
APM Terminals plans Bahrain port IPO
APM Terminals (APMT) and its local partner YBA Kanoo Holdings are planning an initial public offering (IPO) of Bahrain’s Khalifa…
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Americas
US maritime commissioner confirms Cosco and CSCL merger
Commissioner William P Doyle of the US Federal Maritime Commission (FMC) has confirmed that China Ocean Shipping Company (Cosco) and…
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Containers
Hapag-Lloyd IPO closes without fireworks
After several months of tweaks and setbacks, Hapag-Lloyd’s initial public offering launched on the Frankfurt and Hamburg stock exchanges today…
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Dry Cargo
Timecharter extended on Diana kamsarmax at a reduced rate
Germany’s RWE Supply & Trading has extended its current timecharter of Diana Shipping’s kamsarmax bulk carrierfor a further 17 to…
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Europe
Statoil extends its charter of Eidesvik PSV
Statoil has extended its charter of Eidesvik Offshore’s LNG-fuelled PSV by a further two years, commencing at the end of…
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Asia
Indonesia launches $2m cargo shipping subsidy scheme
Indonesia’s Transportation Ministry has introduced a freight subsidy programme for vessels carrying cargo to remote areas in the archipelagic country…
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Americas
Livanos sells 9m shares in Euronav
Peter G Livanos’ investment company Ceres Investments (Cyprus) has completed the sale of 9m shares or a 5.7% stake in…
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Asia
Electromagnetic Geoservices gets contract in India
Oslo-listed Electromagnetic Geoservices (EMGS) has signed a letter of award worth around $15.3m for survey work for a “repeat customer”…
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