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Europe
Torm completes restructuring, fleet swells to 74
Copenhagen: Torm has completed its comprehensive restructuring, recapitalising its balance sheet, by reducing the existing debt from approximately $1.4bn to…
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Europe
Gunvor sells majority stake in Ust-Luga terminal
Geneva: Commodities giant Gunvor Group has sold a 74% stake in OJSC ―Ust-Luga Oil‖, the operator of Ust-Luga Oil Products…
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Asia
Epic Gas completes private placement
Singapore: Epic Gas has completed a $50m private placement directed towards existing shareholders. After close of the subscription period on…
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Containers
SIPG moves step closer to $312.5m takeover of Jinjiang Shipping
Shanghai: Giant port operator Shanghai International Port (Group) (SIPG) will move ahead with plans to buy 79.2% of intra-Asia box…
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Asia
SapuraKencana wins giant Indian contract
Kuala Lumpur: A subsidiary of SapuraKencana Petroleum has been awarded with a $273m lump sum contract by India’s Oil and…
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Dry Cargo
Diana fixes panamax pair
Athens: Diana Shipping has announced a couple of charter deals. It has chartered out a panamax bulker to Cargill for…
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Operations
Alexander Spirit will depart Tasmania tomorrow
Sydney: The sailing of the controversy-hit Alexander Spirit from Tasmania to Singapore has been delayed until tomorrow as its owner,…
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Europe
Odfjell Tankers head steps down
Oslo: After a 35-year career at Odfjell, Morten Nystad is stepping as head of Odfjell Tankers from today. Odfjell has…
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Europe
RBS to sell Greek shipping portfolio
Athens: Royal Bank of Scotland (RBS) is looking to offload its $5bn Greek ship finance business, Reuters reports. The aim…
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Operations
NYK Stolt tanker hit by unpaid wage claims
Sydney: The continued special focus on underpaid seafarers calling at Australia by the International Transport Workers’ Federation (ITF) has snared…
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Africa
Livestock carrier sinks in Gulf of Aden
Dubai: A livestock carrier has sunk off the coast of the Gulf of Aden with all animals perishing and two…
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Europe
Dublin can become a shipping powerhouse, report claims
Dublin: Ireland has a unique opportunity to become a shipping powerhouse, a report out today claims. The report, issued by…
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Asia
Adani linked with Chennai terminal acquisition
Mumbai: The Adani Group is being linked by local newspaper Business Standard with taking over Larsen & Toubro’s Kattupalli International…
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Africa
Imprisoned pirates survey says navies serve as biggest deterrent
London: An international naval presence serves as the greatest deterrent to piracy, a survey of detained pirates has shown. The…
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Middle East
Tanker bound for Libya risks being impounded
Cairo: The standoff between Libya and tankers calling at the North African country continues with more threats for ships with…
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Asia
ShinaSB under the hammer again
Seoul: ShinaSB, a well known chemical tanker builder in Korea, is set for a second round of auctioning following the…
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Asia
Samsun Logix bankrupt again
Seoul: For the second time in six years Korean dry bulk owner Samsun Logix has applied for rehabilitation at a…
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Asia
Storm smashes ship to bits off Phuket
Bangkok: A Cambodian flagged general cargo ship is presumed a total loss today as it smashed into rocks on the…
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Dry Cargo
No more bull from Noble: Michael Dee
Singapore: One of the Noble Group’s most trenchant critics, Michael Dee, has hit back at the commodities trader’s claims to…
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Europe
Saga’s takeover of drilling firm hits a speed bump
Oslo: In a surprise move, the board of SD Standard Drilling has decided to reject the offer made from Saga…
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