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Europe
Dublin translates aviation success to ship leasing
Ireland is growing as a global maritime business hub and its strengths in asset leasing could provide an alternative source…
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Americas
NewLead JMEG CEO files for bankruptcy ahead of court deposition
Jan Berkowitz, CEO of NewLead JMEG, has filed for bankruptcy protection in the US just days ahead of his court…
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Europe
Knot Offshore Partners buys shuttle tanker
Knot Shuttle Tankers, part of NYSE-listed Knot Offshore Partners, is to acquire the registered owner of the shuttle tanker Ingrid…
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Environment
ICS fires back at OECD’s carbon tax proposals
The International Chamber of Shipping (ICS) has hit back at suggestions from the International Transport Forum that a carbon charge…
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Americas
DryShips share price prompts move to Nasdaq Capital Market
DryShips has transferred its public listing to the Nasdaq Capital Market from the Nasdaq Global Select Market after failing to…
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Finance and Insurance
Ex-boss of China National Petroleum Corp jailed for corruption
Wang Yongchun, former deputy manager of China National Petroleum Corporation (CNPC), has been found guilty of corruption and sentenced to…
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Americas
Sino-Global commences share buy-back programme
NASDAQ-listed Sino-Global Shipping America has begun a stock repurchase programme in which the China-backed company plans to spend up to…
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Europe
Eni awarded two exploration licenses in offshore Egypt
Eni has won exploration licenses for blocks at North El Hammad and North Ras El Esh in offshore Egypt in…
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Dry Cargo
Diana charters panamax bulker to Cargill
Cargill International has chartered Diana Shipping’s panamax bulk carrier Melite (76,436 dwt, built 2004) for 11 to 14 months. The…
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Asia
Petronas terminates charter of Eurasia jack-up drilling rig
Eurasia Drilling’s jack-up rig Saturn has had its charter in the Caspian terminated by Petronas Carigali, effective October 8. The…
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Europe
Possible takeover of Siem Offshore edges nearer
Siem Europe has received acceptances to acquire a further 110,855 shares in Siem Offshore, which will raise its stake in…
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Americas
Ocean Installer wins subsea agreement from BP in Gulf of Mexico
Norway-based Ocean Installer has signed a regional framework agreement with BP for subsea work in the Gulf of Mexico. The…
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Asia
Samudera Indonesia to supply LNG to power plant
Samudera Indonesia has won a contract worth $70m to supply LNG to a power plant in Pomalaa, southeast Sulawesi, from…
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Europe
Traders book product tankers for floating storage of diesel
As bulk storage for petroleum products nears maximum capacity in Europe, traders are now booking tankers for use as floating…
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Europe
Three more offshore vessels go into layup in Norway
Two platform supply vessels (PSVs) and an anchor handling tug supply (AHTS) vessel have been laid up in Norway, according…
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Asia
VLCC timecharter rates hit a peak
US trader Koch Logistics this week fixed a VLCC tanker at the highest reported rate for a one-year timecharter seen…
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Europe
London Metal Exchange makes informal bid for Baltic Exchange
The London Metal Exchange (LME) has informally approached the Baltic Exchange with a view to acquiring the privately owned business,…
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Americas
President of Teekay Gas Services to retire
David Glendinning, president of Teekay Gas Services, is to retire on December 17 after over 28 years at Teekay. Glendinning…
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Americas
Two US law firms launch investigations of Ocean Rig
Two law firms in the US are investigating potential claims on behalf of Ocean Rig shareholders that concern possible breaches…
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Europe
Tsakos Energy Navigation fixes three LR2s on timecharter
Tsakos Energy Navigation (TEN) has fixed three of its LR2 aframax tankers on timecharters to “a major European oil concern”…
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