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Americas
Ardmore secures $64m loan to support growth
NYSE-listed Ardmore Shipping has agreed a $64m senior secured term loan with Credit Agricole Corporate and Investment Bank to help…
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Containers
Leading container lines offer to change pricing structure after EC anti-trust probe
Maersk, Mediterranean Shipping Company (MSC), CMA CGM and 12 other container carriers have offered to change their pricing structures to…
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Containers
Hapag-Lloyd adds eight containerships to its fleet
German container line Hapag-Lloyd has bought two secondhand containerships and has chartered in another six vessels, which increases its operated…
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Europe
Hansson sounds off as Nordic American Tankers declares another dividend
Just after Nordic American Tankers (NAT) posted “the strongest full-year cash flow in the company’s history” this week, chairman and…
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Europe
Eidesvik vessel exits lay-up to work for offshore wind company
Siemens Wind Power has chartered Eidesvik Offshore’s subsea support vessel for nine months to provide accommodation at project in Germany.…
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Dry Cargo
Eagle Bulk pays missed loan installment, extends forbearance period again
Eagle Bulk has made the quarterly loan repayment it missed in January and has extended its forbearance and standstill agreement…
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Environment
Shipping emissions must be cut to meet Paris climate target, say NGOs
The IMO must act to cut CO2 emissions from shipping or the 1.5/2°C global warming limit agreed at the Paris…
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Europe
Chevron extends Wood Group’s North Sea contract
Wood Group PSN is to provide operations and maintenance services for an additional year at four offshore platforms and vessels…
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Europe
BOA Offshore gets 50% refund from shipyard after PSV cancellations
Norway’s BOA Offshore says it has received 50% of the principal amount of the advance payments from one of its…
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Europe
Liner shipping through the Arctic could be commercially viable by 2040
New research suggests that liner shipping through routes in the Arctic Ocean could become economically viable by around 2040, if…
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Dry Cargo
Western Bulk’s survival hangs in the balance
Having completed the sale of its chartering unit, Western Bulk (to be renamed Bulk Invest) is looking for ways to…
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Dry Cargo
Diana capesize fixed on timecharter as BDI edges lower
Greece’s Diana Shipping has fixed its capesize bulk carrier to SwissMarine Services on an 11- to 15-month timecharter at a…
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Europe
Fred. Olsen to merge Bonheur and Ganger Rolf
Fred. Olsen & Co is to consolidate two of its publically listed holding companies by merging Ganger Rolf into Bonheur,…
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Dry Cargo
Diana fixes a capesize and a panamax, extends another cape timecharter
Diana Shipping expects two new timecharters and one extension to generate an aggregate of $6.14m of gross revenue for the…
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Bunkering
Intertanko and Veritas Petroleum Services criticise ISO fuel quality standard revisions
Intertanko and Veritas Petroleum Services (VPS) have come together to criticise proposed revisions to the international ISO 8217 specifications of…
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Asia
First Ship Lease Trust sells two containerships
First Ship Lease Trust Management says it has failed to find employment for two of its panamax containerships, which it…
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Dry Cargo
Baltic Dry Index falls below 300 points for first time, experts pessimistic
The Baltic Dry Index has fallen a further five points to reach 298 today, falling below the 300-mark for the…
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Asia
Sarawak field contractor ceases operation, ends service contract with Petronas
BC Petroleum (BCP) has ceased operation and has agreed with Petronas to terminate its small field risk service contract (SFRSC)…
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Dry Cargo
Diana buys three panamax bulkers in distressed debt deal
Greece’s Diana Shipping has signed memoranda of agreement (MoA) to acquire three panamax bulk carriers for a total $39.8m from…
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Containers
19,000-teu containership is still stuck, rescue attempt abandoned
One of the world’s largest containerships is still aground in the River Elbe outside Germany’s Port of Hamburg after a…
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