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Europe
Oaktree nears Torm takeover
Copenhagen: Denmark’s Torm is few weeks away from an engagement with private equity fund Oaktree Capital, a move that will…
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Europe
Statoil contracts world’s largest ship
Oslo: Pioneering Spirit, which lays claim to being the largest ship afloat, has inked a deal with Statoil for work…
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Europe
600 staff to go at Odfjell Drilling
Oslo: Odfjell Drilling has sent out a compensation package offer to 600 onshore workers as redundancies loom amid the weak…
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Europe
Wikborg leaves DHT Holdings
Oslo: New York-listed owner DHT Holdings has told investors that Rolf Wikborg has left the board of board of directors.…
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Dry Cargo
Ultrabulk diversifies
Copenhagen: The downfall of a fellow Danish operator has presented Ultrabulk with a new arena, kicking off a service between…
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Europe
New contract for Olympic Shipping
Oslo: Olympic Shipping has been awarded a new short period contract for Olympic Taurus to conduct construction work offshore Argentina. In a…
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Europe
Litgas taking US cargoes
Oslo: Lithuania’s LNG importer Litgas says it will purchase LNG from the United States’ first export terminal. The Lithuanin company has…
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Europe
Oil scandal unfolds in Oslo
Oslo: Norway’s biggest opposition party, Abeiderpartiet, and others are seeking an explanation of what really happened during the final part…
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Europe
APM Terminals quietly inserts new CFO
Oslo: Maersk’s top performing business unit in 2014 has quietly inserted Henrik Pedersen as its new CFO after firing three…
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Dry Cargo
TransAtlantic CFO quits
Oslo: The chief financial officer at Rederi AB TransAtlantic, Tomas Bergendahl, has quit and will leave the company at the…
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Dry Cargo
CFO adds to exodus from Thorco
Copenhagen: The boardroom meltdown at Thorco continues. Strategical differences in management at the line have forced CFO Kent Hedegaard to…
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Americas
DP system failure alert
New York: The US Bureau of Safety and Environmental Enforcement (BSEE) and the US Coast Guard have jointly issued a…
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Americas
Morgan Stanley gives dry bulk a shave
Oslo: Dry cargo shares have had their price target shaved by the American finance house Morgan Stanley. Hardest hit is…
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Regulatory
Standard supervision contract looks like a job for SUPERMAN
Copenhagen: Shipmanagement executives with input from key insurance and legal representatives are developing a new standard supervision contract for newbuildings and conversions. The…
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Europe
Skaugen delays bond payment
Oslo: Oslo listed I.M Skaugen, who operates a fleet of small and medium-sized LPG carriers, says that holders of its IMSK12…
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Dry Cargo
Siem Shipping cuts losses
Oslo: Oslo-listed Siem Shipping remained in the red in the fourth quarter of 2014. The company has refinanced debt with…
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Europe
LNG fuel for the Baltic Sea
Oslo: Oil and LNG terminal operator Klaipedos Nafta and Bomin Linde have signed an MoU on LNG bunker fuel. Germany’s…
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Europe
Petrobas scandal hurts Odfjell
Oslo: Odfjell Drilling is afraid three awaited drillships will never be delivered, as the corruption scandal surrounding Brazilian energy conglomerate,…
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Europe
Maersk Oil pulls the plug on Tvillingen
Oslo: The partners in Tvillingen with production license PL510 have decided to abandon exploration, after difficulties in the drilling process, said…
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Europe
Tanker Investment says rates at six year high
Oslo: Newly established Tanker Investment has bet everything on an upswing in the tanker market. In 2014, they built up…
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