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Americas
Ridgebury looking at ‘older’ tonnage
Ridgebury Tankers is still looking at acquiring secondhand tonnage, CEO Robert Burke told the TradeWinds Shipowners Forum, held at Posidonia…
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Europe
Technology shift bringing an end to shipping cycles
Prepare to say goodbye to everything you thought you knew about shipping – that was the conclusion from the morning…
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Europe
Tsipras opens Posidonia with a promise to revive Greece’s maritime industry
Greek prime minister Alexis Tsipras has opened this year’s Posidonia event in Athens by promising to develop his country’s ports,…
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Asia
Otto Marine buy-out is down to the wire
Only a few more hours remain for the unidentified buyer considering acquiring Singapore’s Otto Marine to submit a formal proposal…
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Asia
ICTSI to develop and operate Umm Qasr port in Iraq
International Container Terminal Services (ICTSI) is to operate, develop and expand container facilities Iraq’s Umm Qasr port and will invest…
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Europe
Havila PSVs win new contracts with Statoil and Total
Two platform support vessels (PSVs) owned by Norway’s Havila Shipping have won period contracts with oil majors in the North…
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Dry Cargo
Lithuanian Shipping Company goes into liquidation
Klaipeda County Court decided to declare the company declared Lithuanian Shipping Company bankrupt on May 30 and the company has…
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Europe
Frontline, Euronav and Diamond S form Suezmax Chartering
Major tanker owners Frontline, Euronav and Diamond S Shipping have formed Suezmax Chartering, a joint venture through which the companies…
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Dry Cargo
Safe Bulkers back on an even keel
Safe Bulkers has regained compliance with the minimum share price required to maintain its listing on the New York Stock Exchange…
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Europe
Slight increase in UK-registered tonnage but owned fleet declines
Vessel tonnage registered in the UK rose by 8% during 2015 to reach 13.7m dwt, but the fleet owned by UK-registered…
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Europe
Yara International prices $500m bond offering
Oslo-listed Yara International has priced a $500m bond offering with a yield of 3.849% per annum over 10 years. Yara said…
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Europe
Awilco LNG sells elderly laid-up gas carriers
Norway’s Awilco LNG has agreed to sell two of its 32- and 33-year-old LNG carriers, which are currently in cold…
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Asia
CMA CGM orders four small boxships at Cosco
CMA CGM has ordered four 3,300-teu containerships from Cosco (Zhoushan) Shipyard in China for an undisclosed price. The four vessels…
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Americas
Petrobras terminates charter of Subsea 7 pipelay vessel
Brazil’s Petrobras has terminated its day-rate contract for Subsea 7’s pipelay support vessel (PLSV) (pictured) ahead of schedule. The vessel’s…
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Europe
DOF Subsea vessels win new contracts in the Americas
Two of DOF Subsea’s multipurpose offshore vessels have won new contracts in Canada and Brazil. In Canada, will support saturation…
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Europe
Flex LNG appoints new CEO
Jonathan Cook is to join Flex LNG as CEO in the final quarter this year, leaving his current position as…
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Dry Cargo
Kistefos aims to raise $20m in Western Bulk Chartering share sale
Kistefos hopes to raise up to $20m in additional equity in Western Bulk Chartering (also known as Kistefos Equity Operations) during…
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Asia
K Line panamax fixed on timecharter
K Line’s panamax bulk carrier (78,259 dwt, built 2013) has been reported fixed on a 10- to 16-month timecharter to…
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Dry Cargo
Safe Bulkers amends ING Bank loan
Safe Bulkers has changed the terms of its existing $32m revolving credit facility with ING Bank, which has been secured…
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Europe
Glomar OSV wins long-term contract in North Sea
Glomar Offshore’s emergency response and rescue vessel (ERRV) has won a three-year contract in UK waters of the North Sea…
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