Cyprus
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Offshore
Nexans wins $1.6bn EuroAsia Interconnector contract
French cabling specialist Nexans has won a €1.43bn ($1.6bn) contract to deliver the section of the EuroAsia Interconnector that connects…
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Offshore
SeaBird secures two-year contract
Oslo-listed seismic player SeaBird Exploration has secured a letter of award for ocean bottom node (OBN) source services in the…
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Finance and Insurance
MSea Capital secures $30m debt refinancing
Maritime Finance, part of First Citizens Bank’s CIT division, has arranged the refinancing of MR product tankers worth up to…
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Tankers
Toro ships out veteran tanker for $17m profit
Nasdaq-listed tanker and LPG owner Toro has landed another massive profit from the sale of an elderly tanker bought in…
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Dry Cargo
Pelagic Partners continues push into handysize bulkers
Cyprus-based Pelagic Partners has expanded its handysize bulk carrier portfolio with the purchase of 2015-built . The alternative investment fund…
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Dry Cargo
Castor Maritime flips another bulker
Cyprus-based Castor Maritime has offloaded its 2010-built kamsarmax bulk carrier at a net gain of around $4m. The Nasdaq-listed bulker…
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Operations
Columbia coalesces around new brand
One of the best known names in shipping has had a rebrand to bring its diverse businesses together. The Columbia…
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Tankers
Fredriksen approaching mandatory offer for Euronav
Shipping magnate John Fredriksen has not lost his appetite for the Belgian tanker giant Euronav and is quietly approaching a…
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Contributions
Cyprus calls for EU ship recycling regulation capacity upgrade
With increasingly strict environmental regulations coming into play, shipping’s ageing fleet will see the premature recycling of many vessels –…
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Tankers
Frontline offloads suezmax for $44.5m
John Frederiksen’s Frontline has sold its 2010-built suezmax tanker, to an unnamed buyer for $44.5m. The 156,000 dwt vessel, online…
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Tankers
Toro banks nearly $43m from sale of two elderly tankers
Hot on the heels of a lucrative deal for a veteran tanker Nasdaq-listed tanker and LPG owner Toro has offloaded…
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Europe
President of Cyprus urges Brussels to create dedicated shipping commissioner
The president of Cyprus is urging the European Union to create a commissioner dedicated to covering shipping issues. Nikos Christodoulides…
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Offshore
SeaBird secures more contract work for survey vessel
Oslo-listed seismic player SeaBird Exploration has signed an ocean bottom node (OBN) source contract with an undisclosed client in the…
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Tankers
Castor tanker spinoff Toro flips veteran aframax for $19.6m profit
Nasdaq-listed tanker and LPG owner Toro has offloaded its nineteen-year-old aframax LR2 for $30.1m, nearly tripling its money from the…
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Offshore
Pelagic Partners remains firm on handysize bulkers
Pelagic Partners has snapped up another bulk carrier as it looks to expand its presence in handysize segment. The Cyprus-based…
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Gas
Castor tanker spinoff Toro enters LPG sector with Japanese-built quartet
Nasdaq-listed tanker spinoff of Cyprus-based bulker and boxship owner Castor Maritime is making its debut in the LPG arena with…
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Finance and Insurance
Panagiotidis to buy $19.5m worth of shares in Castor tanker spinoff Toro
Castor Maritime’s Nasdaq-listed tanker spinoff Toro is selling 8.5m shares for $19.46m to Pani Corp, a company controlled by its…
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Dry Cargo
Castor Maritime flips another vintage bulker
Cyprus-based bulker and boxship owner Castor Maritime has offloaded another ageing unit for a profit in a very short period of…
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Operations
Tsakos and Columbia Shipmanagement part ways
Tsakos Columbia Shipmanagement, founded in 2010, has come to a close. Time has been called on the joint venture between…
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Dry Cargo
Pelagic Partners sets sights on handy bulkers after latest purchase
Pelagic Partners is looking to expand its bulker portfolio following tanker additions last year and the most recent handy purchase.…
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