Europe

Bergen Group yard sale falls through

May 4th, 20150 Oslo: Bergen Group have said today that the sale of the company’s rig-service activity at Hanøytangen has fallen through. The company had done a deal last month...

Euronav eyes more ships

May 1st, 20150 London: In reporting its best quarterly results since 2008, tanker giant Euronav has made clear it is in the market to grow its VLCC fleet. Paddy Rodgers, CEO of...

Diana taps Danish Ship Finance for $30m

April 30th, 20150 Athens: Diana Shipping has completed a drawdown of $30m under a term loan facility it signed with Danish Ship Finance. The proceeds will be used to partially finance the...

North Energy fires CEO Erik Karlstrøm

April 30th, 20150 Oslo: Norwegian offshore exploration firm North Energy has announced today that Erik Karlstrøm, the company’s ceo, has been relieved of his duties with immediate...

Reinertsen downsizes workforce

April 29th, 20150 Oslo: Norwegian offshore services provider Reinertsen is sending 350 to 400 employees to the unemployment office. The majority are engineers, working onshore. "We had...

Oceanteam secures loan

April 29th, 20150 Oslo: OSV operator Oceanteam Shipping’s subsidiary RentOcean has signed a EUR15m revolving term loan facility with NIBC Bank. The facility will mature in three...

Limassol braces for port strike tomorrow

April 29th, 20150 Limassol: As has become commonplace among eastern Mediterranean ports facing privatisation, Limassol is bracing for a strike tomorrow. Communications minister Marios...
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