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Europe
BW Offshore secures $80m credit facility
Oslo: BW Offshore has signed facility documentation for a new $80m senior secured credit facility for the FPSO Petroleo Nautipa.…
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Europe
Scan Master refloated
Oslo: The grounded Scan Master refloated this afternoon and is now being looked at by divers for damage before heading…
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Europe
Stolt-Nielsen contemplating new bonds
Oslo: Stolt-Nielsen says it is contemplating the issuance of new senior unsecured bonds in the Norwegian bond market with a…
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Europe
Lundin drilling new well in Barents Sea
Oslo: Lundin has started drilling an appraisal well at its Alta discovery in the Barents Sea. The well will be…
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Europe
Fire strikes Petrojarl Knarr FPSO for second time
Oslo: A second fire within six months broke out in the early hours this morning onboard the Petrojarl Knarr FPSO.…
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Dry Cargo
‘We got the market wrong’: Western Bulk
Oslo: Jens Ismar, ceo of Oslo-listed Western Bulk, admitted he had read the markets wrong last year, in a frank…
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Europe
Efforts to refloat Norwegian ship hampered by bad weather
Oslo: Bad weather has prevented refloat attempts of a general cargo ship grounded off Norway. According to the coastguard, the…
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Europe
FMC Technologies and Technip form subsea giant
Oslo: Oil service giants FMC Technologies and Technip have signed a joint venture deal that will combine the two companies’…
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Dry Cargo
Secondary listing green light for Fredriksen bulker vehicle
Oslo: Oslo Børs will allow Knightsbridge Shipping Limited – to be renamed Golden Ocean Group – to go for a…
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Europe
Wilh Wilhelmsen cuts Hyundai Glovis holding
Oslo: Oslo-listed Wilh Wilhelmsen is reducing its shareholding from 12.5% to 12% in Seoul-based car logistics specialist Hyundai Glovis. Wilh…
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Europe
A. P. Moller-Maersk aims for $4.94bn from bank sale
Copenhagen: Denmark’s A. P. Moller-Maersk (APMM) has published details of its planned sale of its 20% stake in the country’s…
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Europe
Farstad offloads old AHTS
Oslo: Oslo-listed offshore specialist Farstad has taken a $0.53m loss this quarter by selling an old anchor handler. The AHTS…
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Operations
Somali pirates freed from Denmark find themselves behind bars in the Seychelles
Copenhagen: Nine pirates, first tried and freed in Denmark, have been jailed in the Seychelles for 14 years. In 2013,…
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Europe
Statoil linked with giant US shale acquisitions
Oslo: Norwegian energy giant Statoil is making the most of depressed prices for US shale-related firms, linked with at least…
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Bunkering
ING and BNP Paribas drawn into OW Bunker bankruptcy saga
Copenhagen: The scandal following the collapse of OW Bunker four months ago is snaring more and more high profile names.…
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Europe
Fragile subsea market claims more Norwegian jobs
Oslo: The fragile state of the subsea market has seen more redundancies announced. Dredging specialist X-Subsea’s Norwegian division has been…
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Europe
Vard loses E.R. Offshore contracts
Oslo: Waiting till late in the night on Friday, Norwegian Vard quietly sent out a release informing that two affiliates…
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Europe
Tankerska Plovidba swoops for product pair
Zadar: Fresh from listing a subsidiary, Croatia’s largest shipowner, Tankerska Plovidba, has used the funds to buy a pair of…
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Europe
Norwegian oil watchdog comes in for criticism
Oslo: Employees from two of Norway’s most important government watchdogs employed to cover the oil sector have been criticised for…
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Dry Cargo
Clipper prepares bulkers for ECAs
Copenhagen: Owners are slowly abiding to new rules for emission control areas (ECAs) that entered into full effect on January…
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