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Europe
Athens willing to offload majority port stakes
Athens: In a move likely to lead to more strikes, the Greek government has said it is willing to sell…
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Europe
Limassol braces for port strike tomorrow
Limassol: As has become commonplace among eastern Mediterranean ports facing privatisation, Limassol is bracing for a strike tomorrow. Communications minister…
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Containers
Costamare reveals York JV boxship order
Athens: In releasing its first quarter results, Greece’s Costamare revealed it has teamed up with York Capital for an 11,000…
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Environment
European CO2 emissions regulation could conflict with IMO’s global scheme, experts say
London: The European Parliament (EP) today voted to adopt a regional EU regulation on the monitoring, reporting and verification (MRV)…
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Asia
Subsea construction vessel hull sections carried from Singapore to Baku
London: Two hull sections for a “state-of-the-art” subsea construction vessel being built in Azerbaijan are to make their way from Singapore…
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Dry Cargo
Diana Shipping buys kamsarmax bulk carrier and capesize newbuilding
London: Diana Shipping has paid a combined $61.05m for a capesize newbuilding and a kamsarmax bulk carrier. The NYSE-listed owner paid…
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Americas
Seaspan orders seven boxships
London: Seaspan has placed orders for seven new containerships in China and in the Phillipines in deals worth a combined…
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Offshore
Economou delays drillship deliveries at Samsung
London: Economou-led Ocean Rig has delayed delivery of two drillships it has under construction at Samsung Heavy Industries, South Korea. The…
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Containers
Port congestion on US West Coast boosts panamax earnings for Danaos
London: Danaos’ adjusted net income has more than quadrupled quarter-on-quarter, thanks to surging panamax rates spurred by port congestion on…
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Europe
D’Amico orders two LR1 product tankers from Hyundai Mipo
London: D’Amico Tankers (Ireland) has ordered two 75,000-dwt eco-LR1 product tankers at Hyundai Mipo at a price of $44m each. The…
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Dry Cargo
Scorpio Bulkers sells two capes and an ultramax
London: NYSE-listed Scorpio Bulkers has agreed to sell two new capesize bulk carriers and an ultramax for a combined $111m…
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Dry Cargo
Five more capes canned in Pakistan
London: Five more capesize bulk carriers were sold to demolition yards in Pakistan this past week, but prices there are soon…
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Dry Cargo
Star Bulk’s Excel fleet has almost halved in value since its purchase
London: The value of the 34 vessels purchased by Star Bulk from Excel Maritime has lost almost 50% of its…
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Asia
MISC dismisses AET sale rumours
London: Malaysia’s state-owned shipping company MISC has dismissed rumours that it plans to sell its AET, its petroleum tanker subsidiary. “In…
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Europe
Ocean Yield gets $220m loan to finance and convert offshore vessel
London: Norway’s Ocean Yield has secured a $220m revolving credit facility with a bank consortium to finance its multipurpose construction vessel Aker Wayfarer.…
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Europe
Mediterranean migrant crisis decisions “fall short”, ICS and ECSA say
London: EU leaders have taken a step in the right direction to tackle the migrant crisis in the Mediterranean Sea, but more must be done…
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Dry Cargo
Scorpio Bulkers sells seven newbuildings at a $63m loss, secures ultramax financing
London: NYSE-listed Scorpio Bulkers has agreed to sell seven of its newbuildings to an unnamed buyer for $290m in total, but…
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Africa
“World’s largest” conventional buoy mooring system opens in Angola
London: Puma Energy has opened what it says is the “world’s largest” conventional buoy mooring (CBM) system for loading and…
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Containers
Lysblink Seaways to be scrapped in Scotland
London: The DFDS Seaways containership that ran aground off Scotland in February is to be scrapped after repairs were deemed…
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Americas
SEA-Vista gets $300m loan to expand the company
London: SEA-Vista, the joint venture between SEACOR Holdings and Avista Capital Partners, has secured a $300m credit facility that it says…
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