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Europe
Nordic Tankers and Borealis Maritime form Crystal Nordic JV
A new 50:50 joint-venture (JV) company, Crystal Nordic, has been formed by Nordic Tankers and Borealis Maritime, through which the…
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Europe
Fredriksen Group CEO charged with corruption
Jo Lunder, CEO of the Fredriksen Group, was arrested by police in Norway late on Wednesday night and charged with…
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Containers
Industry shows no surprise to Maersk lay-offs, lay-ups and cost cutting
First came the $600m profit warning. “The container shipping market has deteriorated beyond the group’s expectations,” Maersk groaned on October…
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Europe
Petrofac, Faroe Petroleum and Eni Hewett cooperate to reduce OPEX in North Sea
Operators Faroe Petroleum, Eni Hewett and oilfield service company Petrofac have signed a tripartite agreement to share logistics and accommodation services…
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Asia
CKYHE Alliance cuts Asia-North Europe and Mediterranean services
The CKYHE Alliance, made up of major container lines COSCO, K Line, Yang Ming, Hanjin Shipping and Evergreen, is to…
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Africa
Golar wins FSRU contract for LNG imports into Ghana
Golar LNG is to provide West African Gas (WAG) with one of its floating storage and regasification units (FSRU) at…
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Europe
Statoil awards accommodation contract for Johan Sverdrup field
Master Marine’s subsidiary Jacktel has won a contract to provide accommodation services at the Johan Sverdrup oilfield from Statoil, the…
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Asia
Ex-Vinashinlines accountant arrested on suspicion of embezzlement
The former chief accountant of Vietnam’s Vinashin Ocean Shipping (Vinashinlines) has been arrested for his alleged involvement in misappropriating millions…
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Dry Cargo
APM Terminals diversifies into grain handling with new JV in China
APM Terminals plans to handle grain rather than containerised cargo at the newly developed Qingdao Port Dongjiakou Multi-Purpose Terminal in…
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Dry Cargo
Diana Shipping buys capesize bulk carrier
Diana Shipping has signed a memorandum of agreement (MOA) to acquire the capesize bulk carrier (179,362 dwt, built 2011) from…
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Americas
GA Holdings prices sale of 49% of its stake in Ardmore Shipping
Investment company GA Holdings is to sell 4m shares or around 49% of its stake in NYSE-listed Ardmore Shipping in…
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Europe
Island Offshore lays up survey vessel in Norway
Norway-based Island Offshore has laid up its survey and remotely operated vehicle (ROV) support vessel (pictured) for the winter. “We…
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Dry Cargo
Wilson sells old bulker
Norway’s Wilson Ship Management has sold its 36-year-old bulker to Greek interests for $745,000. The vessel is due to be…
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Containers
DP World buys Southampton container terminal from ABP
DP World has acquired Associated British Ports’ (ABP) 49% stake in Southampton container terminal in the UK for an undisclosed…
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Containers
Costamare and York Capital order two small containerships
Costamare and private equity firm York Capital have jointly ordered 3,800-teu containerships from China’s Jiangsu New Yangzi Shipbuilding. After their…
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Asia
Hanjin ‘reviewing’ sale of its stake in H-Line
Hanjin Shipping says it is “reviewing” the sale of its 22.2% stake in H-Line, which it hopes could raise up…
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Asia
Astomos Energy orders another VLGC at Mitsubishi
Mitsubishi Heavy Industries (MHI) is to build an 83,000-cbm LPG carrier for Astomos Energy Corporation, a Japanese LPG importer that…
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Americas
China Ore Shipping orders seven valemax ore carriers
Joint-venture company China Ore Shipping (COS) has ordered seven 400,000-dwt valemax ore carriers from China’s Shanghai Waigaoqiao Shipbuilding, according to…
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Europe
TTS Offshore Solutions increases redundancies to 50%
TTS Offshore Solutions is to ‘temporarily’ layoff 50% of its employees, cutting 40 more jobs in addition to the 30…
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Europe
Three Capital Product Partners tankers get timecharters
Three tankers owned by Greece’s Capital Product Partners have won new timecharter employment, according to the NASDAQ-listed company’s third-quarter results.…
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