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Containers
CMA CGM gets $1bn loan from Chinese export credit bank
Athens: French container carrier CMA CGM is to secure $1bn in financing from the Export-Import Bank of China. The two parties will…
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Europe
Statoil bucks the trend and orders $1bn oil platforms for Johan Sverdrup field
Athens: South Korea’s Samsung Heavy Industries has won a KRW 1.12tr ($1.06bn) fabrication contract to build two new offshore platforms, which will…
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Finance and Insurance
Iranian P&I clubs get one-year extension from India
Athens: India has granted a one-year extension to its approval of two Iranian P&I clubs covering boxships and tankers calling…
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Asia
Liannex bids for Yinson’s non-oil and gas subsidiaries
Athens: Singapore’s Liannex Corporation (S) has placed a RM 228m ($60.4m) bid to acquire the non-oil and gas subsidiaries of…
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Asia
Another Seaspan boxship delivered to begin timecharter to Yang Ming
Athens: Seaspan has received its fourth 14,000-teu container ship to be delivered this year, which will commence a ten-year fixed-rate timecharter to…
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Dry Cargo
Scorpio Bulkers’ capesize newbuilding gets timecharter
Athens: A capesize bulk carrier under construction for Scorpio Bulkers will begin a four- to seven-month timecharter upon its delivery, fixed…
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Dry Cargo
Capes of good hope continue their upward trend
Athens: The capesize market has advanced each consecutive trading day since June 11, with the Baltic Cape Index growing by…
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Europe
GC Rieber refinances five survey vessels with $226m in loans
Athens: Norway’s GC Rieber Shipping has refinanced five of its research/survey vessels with $226m in loans from two banking consortia.…
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Bunkering
Investors sue OW Bunker for $120m
Athens: Danes who invested in OW Bunker’s initial public offering (IPO) are suing the now-defunct bunker supplier for DOK 800m ($120m). OW…
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Dry Cargo
General cargo ship catches fire off Aberdeen
Athens: A small general cargo vessel burst into flames around 10 nm off the port of Aberdeen, Scotland, forcing the vessel…
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Europe
Anthony Veder orders LNG carrier for charter to Gasum
Athens: Anthony Veder has ordered an 18,000-cbm LNG carrier from Germany’s Neptun Werft shipyard. After being delivered in late 2017, the…
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Europe
Vard buys marine software and automation provider
Athens: Seaonics, part of Singapore-based shipyard group Vard, has acquired ICD Software, which provides automation and control system software to the offshore…
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Europe
Statoil cancels COSL Oilfield Services rig contract
Athens: Market oversupply has forced Statoil to cancel its charter of COSL Pioneer, a semi-submersible rig owned by COSL Oilfield Services, some 13…
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Europe
Bergen Group secures $7.7m loan to refinance its debt
Athens: Norway’s Bergen Group has entered into a term sheet for a secured loan facility of NOK 60m ($7.7m) from Stavanger-based…
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Offshore
MMA Offshore wins Chevron contract in Australia
Athens: Chevron Australia has contracted MMA Offshore to provide supply base facilities and services over the next two years for…
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Asia
Singapore’s premier opens new Pasir Panjang container terminal expansion
Athens: The prime minister of Singapore Lee Hsien Loong has opened phase 3 and 4 of development of PSA’s Pasir Panjang container…
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Europe
Stolt named as buyer of Odfjell’s three small parcel tankers
Athens: Norway’s Stolt Tankers looks to be the buyer of the three small 5,800-dwt parcel tankers sold by Odfjell, but no…
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Europe
Tankerska Next Generation’s new MR tanker timechartered
Athens: Croatia’s Tankerska Next Generation (TNG) has fixed one of its MR product tanker newbuildings on a three-year timecharter to an unnamed…
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Americas
NewLead handy bulker gets timecharter
Athens: A handysize bulk carrier owned by NewLead Holdings has won a three- to five-month timecharter from an unnamed party.…
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Finance and Insurance
GasLog Partners to raise up to $206m in public offering
Athens: GasLog Partners is to sell 7.5m of its common units at a price of $23.90 per share, which could…
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