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Europe
Seadrill ‘in debt talks’ with Houlihan and Morgan Stanley
Seadrill is believed to have hired Houlihan Lokey and Morgan Stanley as advisers during negotiations for its $11bn debt restructuring,…
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Asia
New managing director for Thoresen Shipping, Claxton moves to coal subsidiary
Andy Hillier has today become managing director of Thoresen Shipping, the dry bulk shipping arm of Bangkok-listed Thoresen Thai Agencies.…
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Dry Cargo
Bulk carrier scrapping hit an all-time high in the first quarter 2016
Bulk carrier demolitions reached an all-time high during the first quarter of 2016, both on an absolute basis and as…
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Europe
Songa Offshore refinances with convertible bond for up to $125m
Songa Offshore is to go ahead with its “comprehensive refinancing” by issuing a convertible bond of between $100m and $125m.…
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Americas
Charters of four Tsakos tankers extended, possibly for Flopec
A “state oil company” has extended its charter of four panamax tankers owned by Tsakos Energy Navigation (TEN) with profit…
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Europe
Damen suggests PSV conversions to remedy lay-ups and oversupply
Idled platform support vessels (PSVs) could be converted into specialised vessels for sectors such as aquaculture, shipping and defence, says Damen…
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Dry Cargo
Star Bulk fixes kamsarmax to Louis Dreyfus
NYSE-listed Star Bulk has fixed its kamsarmax bulk carrier Mercurial Virgo (81,545 dwt, built 2013) on a five- to seven-month…
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Asia
Pakistani shipbreakers form cartel as scrap prices heat up
Members of the Pakistan Shipbreakers’ Association (PSBA) have formed a cartel in order to control rising prices on tonnage bound…
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Europe
Aker Solutions to undertake subsea engineering work for BP worldwide
BP has awarded Aker Solutions with a contract to provide subsea engineering services to its offshore infrastructure worldwide for a…
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Asia
HMM creditors approve self-rescue deal
Hyundai Merchant Marine’s (HMM) creditors, led by state-run Korea Development Bank, have approved the South Korean shipping company’s self-rescue plan,…
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Europe
Centrofin sells two
Greece’s Centrofin has sold two 20-year-old aframax tankers to Turkish interests, according to brokers’ reports. Sisterships Ce Breeze (105,200 dwt,…
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Dry Cargo
Diana capesize gets new timecharter to SwissMarine
Diana Shipping’s capesize bulk carrier Norfolk (164,218 dwt, built 2002) has been fixed on a new nine- to twelve-month timecharter…
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Americas
NewLead accused of stock manipulation, bank fraud and money laundering
A commodity trader suing NewLead Holdings for breach of contract has made extraordinary allegations of stock manipulation, bank fraud and…
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Europe
RINA classes its first Iranian vessels
Italian classification society RINA and the Tehran-based Asian Classification Society (ACS) have classified two 15,000-gt general cargo ships owned by…
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Dry Cargo
Globus sells panamax to pay back loan
Greece’s Globus Maritime has sold a vessel holding company that beneficially owns one of its panamax bulk carriers in order…
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Europe
Bourbon Offshore said to be considering going private
Jacques de Chateauvieux, the chairman of Bourbon, is thinking of taking the offshore services company into private ownership, reports say.…
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Asia
Pertamina-owned cargo ship sinks in Indonesia
A singledecker general cargo ship owned by Pertamina sunk on Tuesday after hitting a reef off Tagulandang island, located north…
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Asia
Bumi Armada names new CEO
Leon A. Harland will take office as the new CEO and executive director of Malaysia’s Bumi Armada as of May…
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Americas
OSG withdraws its IPO plans
Overseas Shipholding Group (OSG) has abandoned its plans to raise $100m through an initial public offering (IPO) of shares on the…
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Asia
Farstad AHTS wins contract with Woodside
Woodside Energy has chartered Farstad Shipping’s anchor handling tug supply (AHTS) vessel (24,371 bhp) for 17 months, commencing in June.…
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