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Europe
DSME files complaint to sue Songa, investors kept in the dark
Daewoo Shipbuilding & Marine Engineering (DSME) has filed a complaint with the London Maritime Arbitrators Association (LMAA) against Norway’s Songa…
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Europe
Scorpio Tankers confirms handymax tanker order
In addition to its recent MR product tanker shopping spree, Scorpio Tankers has confirmed that it has ordered two handymax…
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Bunkering
Shells starts supplying LNG bunkers to Sabic vessels at Teesport
Athens: Royal Dutch Shell is to begin supplying vessels chartered by Saudi Basic Industries Corporation (SABIC) with LNG marine fuel…
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Asia
Singapore tenders LNG bunker supplier licences
The Port of Singapore today has begun the tender process through which prospective companies will apply for a licence to…
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Containers
Diana Containerships sells panamax boxship
Diana Containerships is to sell its panamax boxship Cap Domingo (3,739 teu, built 2001) to an unnamed buyer for a gross…
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Asia
Technip wins subsea tie-backs contract for Petronas project
Technip has won a contract from Petronas Carigali for the tie-in of the Malaysian energy company’s first floating LNG (FLNG)…
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Asia
Precious Shipping plans $366m fundraiser
Thailand’s Precious Shipping is planning a fundraiser through which it hopes to raise up to $366m from the sale of…
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Europe
Scorpio Tankers buys another MR product tanker
Athens: Continuing its march into the medium-range (MR) market, Scorpio Tankers has agreed to buy a secondhand MR product tanker…
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Dry Cargo
Diana Shipping signs $165m loan from BNP Paribas
Athens: NYSE-listed Diana Shipping has secured a five-year $165m loan facility from BNP Paribas, which it has used to pay…
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Dry Cargo
Filipino crew repatriated from bulker arrested in Greece
Athens: Twenty of the 24 Filipino crew onboard a bulk carrier detained in Greece are to be repatriated after being…
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Environment
ConocoPhillips and CNOOC sued over Bohai oil spill
Shanghai: Two environmental agencies have filed a lawsuit against oil companies ConocoPhillips and China National Offshore Oil Corp (CNOOC) over…
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Europe
UK shipping industry calls for reforms to the red ensign
Athens: Major reforms must be made to the red ensign to make the nation’s shipping register more competitive with its international rivals,…
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Europe
Scorpio Tankers charters in two Montanari aframaxes
Athens: Scorpio Tankers has chartered in one aframax product tanker from Italy’s Navigazione Montanari and placed another under its commercial management –…
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Dry Cargo
Lithuanian Shipping bankruptcy proceedings started – and stopped
Athens: Just hours after bankruptcy proceedings were begun against state-owned Lithuanian Shipping, the country’s SEB Bank has stepped in with an…
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Asia
Coastal Contracts sells eight vessels in $34m deal
Kuala Lumpur: Two offshore support vessels and six low-end vessels owned by subsidiaries of Malaysia-listed Coastal Contracts have been sold…
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Dry Cargo
Baltic Dry Index drops after 22-day rally
Athens: After 22 days on the up-and-up, the Baltic Dry Index (BDI) today fell 18 points on yesterday’s level to reach 1,102…
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Americas
Scorpio Tankers cashes out of Dorian LPG with $58m share sale
Athens: Scorpio Tankers has sold its remaining 5.8% stake in NYSE-listed Dorian LPG through the sale of its 3,392,083 common…
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Americas
Magnolia LNG signs Louisiana liquefaction contract with Meridian
Athens: Magnolia LNG has signed a deal to provide liquefaction services of up to 2m tpa at Meridian LNG’s terminal on…
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Dry Cargo
Transgrain charters Diana panamax bulker
Athens: Transgrain Shipping (Rotterdam) has taken one of Diana Shipping’s panamax bulk carriers on a nine- to twelve-month timecharter, which has…
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Europe
York Capital finally sells last MR tanker newbuilding to Scorpio
Athens: Private equity player York Capital Management has sold the last of its five MR product tanker newbuildings to Scorpio…
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