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Finance and Insurance
Bahri secures islamic financing for five newbuild VLCCs
National Shipping Company of Saudi Arabia (Bahri) has announced financing, via a Murabaha facility, for five VLCCs the company has…
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Europe
Dynagas LNG secures new time charter contracts
Dynagas LNG Partners has signed an extension and two new long-term time charter agreements for a pair of LNG carriers. Gazprom Global…
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Dry Cargo
Diana Shipping fixes panamax pair to Glencore Grain
Diana Shipping has chartered out a pair of panamax vessels to Glencore Grain, with the contracts commencing on March 26…
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Dry Cargo
Economou loads DryShips revolver with additional $10m
Drybulk specialist DryShips has announced today that it has entered into an agreement to increase its secured revolving facility, provided…
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Asia
Mermaid Maritime secures Qatar subsea cable installation job
Thai subsea specialist Mermaid Maritime’s Qatari business unit has been awarded a subsea cable installation from an existing customer, a…
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Africa
Two Bourbon Ofshore crew abducted off Nigeria freed
Bourbon Offshore has announced that the two crew members abducted from off Nigeria last month have been released. The company…
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Europe
Maersk Drilling chops another 70 staff as jackup contract ends
Maersk Ansattes Forening (MAF), the association representing Maersk employees, has announced that Maersk Drilling Norway is cutting an additional 70…
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Europe
Seadrill lands Petrobras drillship extension
John Fredriksen’s Seadrill has been awarded an extension by Petrobras for drillship West Tellus worth around $164m. The new contract…
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Americas
Eagle Bulk extends forebearance period with creditors for the seventh time
Nasdaq-listed supramax specialist Eagle Bulk has again extended its forbearance and standstill agreement with its creditors overnight as it continues…
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Europe
Polarcus takes streamer package off bankrupt Dolphin
Dubai-based seismic operator Polarcus has purchased a complete marine seismic in-sea acquisition system from bankrupt Dolphin Geophysical. Polarcus purchased the…
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Asia
Japanese creditors come to the rescue of Daiichi Chuo
Daiichi Chuo Kisen Kaisha is on the road to recovery. The Japanese dry bulk operator, which sought court protection last…
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Finance and Insurance
Navig8 seals sale and leaseback for product tanker pair
Navig8 Product Tankers has entered sale and leaseback agreements with CMB Financial Leasing for a pair of 74,000dwt LR1 product tankers…
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Europe
Viking Supply Ships lays up two more PSVs
Viking Supply Ships is laying up a pair of platform supply vessels, Sol Viking and Freyja Viking, with immediate effect…
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Asia
TAS Offshore hit with termination for AHTS pair
Malaysian offshore shipbuilding and repair specialist TAS Offshore has been given a notice of termination from QMS1 Offshore Services, part…
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Americas
Hercules Offshore jackup rates jacked down by Saudi Aramco
Hercules Offshore has announced that it has received notice from Saudi Aramco reducing the dayrates of jackups Hercules 261 and…
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Dry Cargo
Paragon Shipping sells off entire fleet, cancels ultramax and delays three kamsarmaxes
Nasdaq-listed Paragon Shipping has agreed with its banks to sell off its entire fleet, made up of six dry bulk…
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Europe
Island Offshore lays up PSV pair
Island Offshore has said that it is laying up platform supply vessels Island Dragon and Island Duchess with immediate effect.…
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Europe
TGS-NOPEC Geophysical appoints new CEO
Norwegian seismic specialist TGS-NOPEC Geophysical Company (TGS) has announced the appointment of Kristian Johansen as chief executive officer effective March 11.…
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Europe
V.Group buys Bibby Ship Management
Further consolidation in the shipmanagement sector has materialised with V.Group acquiring Bibby Ship Management, part of the Bibby Line Group.…
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Asia
Transocean delays five jackups at Keppel FELS until 2020
Offshore driller Transocean has reached a mutual agreement with Singapore’s Keppel Offshore & Marine to defer the delivery of five…
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