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Dry Cargo
Golden Union spends $13m on mini-cape
The Greek shipping company Golden Union is buying the modern mini-capesize bulk carrier Chiara (115,000 dwt, built 2011) that will…
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Asia
Four Vanguard FPSO deal complete
Following the previous announcement reported in July, Italian shipping company Premuda has announced that the indirectly controlled company, Four Vanguard…
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Europe
Maersk Tankers in for another handy
Maersk Tankers is to add a modern unit to its handy tanker fleet. The Copenhagen-based shipping company declined to comment…
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Europe
Rise of the megaship brings huge casualty risks
An alert on the future of shipping casualties concerning ultra large ships under construction and already at sea has been…
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Bunkering
Italtugs formed after three-way merger
Three of four branches of the Italian Cafiero family are coming back together to form a new tug and bunker provider…
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Europe
D’Amico spends $88m on two more LR1s
D’Amico International Shipping has just announced that its operating subsidiary d’Amico Tankers Limited – Ireland entered into an agreement for…
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Contributions
Three shipping champions emerge in Italy
Nicola Capuzzo was among 3,000 guests at last Friday’s Shipbrokers and Shipagents Dinner held in Genoa. The Italian shipping industry…
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Europe
MSC takes over 45% stake in Trieste box terminal
Following years of rumours and negotiations on several potential investors, finally TO Delta Group found in containerline giant MSC the…
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Europe
Leghorn launching tender for new container terminal
In the coming weeks the port authority of Leghorn in Italy is to launch a new international tender for finding…
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Dry Cargo
Zacchello family to refocus on tankers
The sale of the kamsarmax bulk carrier Tiare (83,700 dwt; built 2009) is another step forward for the Zacchello family…
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Europe
iCON Infrastructure enters Italian port market
UK-based iCON Infrastructure fund has entered the Italian ports and logistics market trough the purchase of a 45% stake in…
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Europe
First subsea contract for Rosetti Marino
Italian shipbuilding company Rosetti Marino has been awarded an important contract with subsea specialist OneSubsea UK, a Cameron & Schlumberger joint venture company. The…
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Europe
APM Terminals offloads Gioia Tauro container hub and bets on Savona Vado
Exactly 15 years after landing in Southern Italy’s main container hub, APM Terminals has now decided to sell its 33%…
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Dry Cargo
Perseveranza di Navigazione sells bulker as restructuring plan nears
Perseveranza di Navigazione has sold its second bulk carrier of late, with creditor Commerzbank enforcing the sale as part of a restructuring…
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Europe
Premuda offloads ageing tanker
Following the signing of a standstill agreement with creditor banks last month, Italy’s Premuda has initiated the sale of an…
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Europe
International Andromeda Shipping adds an aframax
Monaco-based International Andromeda Shipping is poised to add a sixth ship to its fleet of five MR and aframax tankers. While the company…
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Containers
Kenza boxship leaves Cagliari after more than two years
The 724 teu containership Kenza (8,675 dwt, built 1991) left the Italian port of Cagliari today after more than two years in…
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Europe
Scerni sells tanker pair to UK private equity fund as it nears shipowning exit
Scerni di Navigazione is to sell two of its ships to a London-based private equity fund. Sources familiar with the…
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Asia
Premuda sells FPSO stake to Yinson Holdings
Italy’s Premuda has announced that its indirectly controlled company Four Vanguard Serviços E Navegaçao LDA has entered into a jv with Yinson…
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Europe
Saipem to cut 8,800 jobs
Italian oil and gas industry contractor Saipem plans to cut 8,800 workers by 2017; the decision part of a restructuring…
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