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Americas
Bugbee buys Scorpio Bulkers shares
Robert Bugbee, president of Scorpio Bulkers, has spent around $432,100 buying shares in the NYSE-listed company. The president purchased a…
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Asia
P&I clubs raise reinsurance to $580m per tanker for Iranian crude
Ongoing trade sanctions on Iran by the US have created a $500m gap in third-party liability insurance and pollution cover…
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Dry Cargo
Diana adjusts sale price to buy panamaxes more cheaply
Some $535,000 has been knocked off the aggregate price of three panamax bulk carriers being acquired by Diana Shipping from…
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Europe
Belgian ports operating normally after attacks, Port of Dover steps up security
Security measures will be increased at the Port of Dover and other UK ports in the wake of bombings in…
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Europe
Viking Supply proposes standstill agreement with bondholders
Oslo-listed Viking Supply has called a meeting to propose a standstill agreement that would stay its financial obligations to bondholders…
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Asia
Precious Shipping sells another handy bulker
Thailand’s Precious Shipping has sold a 21-year-old handysize bulk carrier for $1.51m as part of its fleet renewal programme. The…
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Asia
Hackers, economics and extreme weather are biggest threats to ships
2015 was shipping’s safest year for a decade but cyber threats, extreme weather and budget cuts still pose big risks…
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Americas
Paragon’s note sale disappoints, interest payment still outstanding
Investors have largely shunned Paragon Shipping’s latest offering, with only 18.8% choosing to exchange convertible notes for shares in the…
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Middle East
PACC Offshore subsidiary sues Makamin for hire in Saudi Arabia
Singapore-based POSH Semco has served Makamin Offshore Saudi with court papers in Saudi Arabia in order to recover around SAR…
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Asia
HMM applies for self-rescue deal
Hyundai Merchant Marine (HMM) has applied for self-rescue measures that could see the South Korean carrier co-managed by its creditors…
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Americas
CMES signs 27-year VLOC deal with Vale
China Merchants Energy Shipping (CMES) has signed a contract of affreightment (COA) with mining group Vale to transport iron from…
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Dry Cargo
Hellenic Carriers hopes to delist by the end of April
Hellenic Carriers hopes to delist from the AIM market of the London Stock Exchange by April 20, if investors approve…
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Europe
Siem to provide walk-to-work services to North Sea offshore windfarm
Siem Offshore Contractors is to supply a walk-to-work (W2W) service operations vessels (SOV) to Ocean Breeze Energy at the German…
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Americas
Coscocs and Vale sign 27-year contract for iron ore
China Cosco Shipping Corp (Coscocs) and Vale have signed a 27-year agreement in which the Chinese shipping conglomerate will carry…
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Asia
Siem Offshore wins another AHTS contract from Woodside Energy
Siem Offshore Australia’s anchor handling tug supply (AHTS) vessel (28,000 bhp, built 2010) has won a new contract in Australia…
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Asia
Mercator’s creditors take action to sell bulker
Creditors of Mercator Lines (Singapore) are pushing a court sale of one of the now-bankrupt company’s panamax bulk carriers –…
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Asia
Hyundai Merchant Marine and KDB agree three-month debt break
Hyundai Merchant Marine (HMM) and Korea Development Bank (KDB) will sign a voluntary agreement on March 29 that will extend…
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Dry Cargo
Diana and d’Amico panamaxes fixed on period charters
Period fixtures reported today show panamaxes in the Atlantic basin are still commanding higher rates than those in the Pacific.…
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Americas
Scorpio Bulkers offers more equity, could raise up to $63m
NYSE-listed Scorpio Bulkers is to sell 21m shares in an underwritten public offering, in which shares worth around $15m will…
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Europe
CT Offshore will sell off its fleet and lay off employees
Denmark’s A2SEA says its subsidiary CT Offshore will not take on any further projects and will sell off all its…
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