Europe

Theodor Buschmann: African expansion

February 24th, 20150 Hamburg: A German shipyard is expanding overseas, establishing subsidiaries in Africa and the Mediterranean and looking for more international possibilities. Theordor...

Skaugen delays bond payment

February 24th, 20150 Oslo: Oslo listed I.M Skaugen, who operates a fleet of small and medium-sized LPG carriers, says that holders of its IMSK12 bond have agreed to extend its maturity from...

Siem Shipping cuts losses

February 23rd, 20150 Oslo: Oslo-listed Siem Shipping remained  in the red in the fourth quarter of 2014. The company has refinanced debt with a new $100m credit facility, according to a...

LNG fuel for the Baltic Sea

February 21st, 20150 Oslo: Oil and LNG terminal operator Klaipedos Nafta and Bomin Linde have signed an MoU on LNG bunker fuel. Germany’s Bomin Linde LNG will work together with...

Bulker resale contract values take a hit

February 20th, 20150 London: The Baltic Dry Index may have shown some slight improvement this week, but data shows the dire state of dry cargo shipping markets has taken its toll on...

Stranded DFDS Seaways boxship refloated

February 20th, 20151 London: The stranded containership Lybslink Seaways has been refloated from where it ran aground off the west coast of Scotland. The vessel was refloated on the high...

Petrobas scandal hurts Odfjell

February 20th, 20150 Oslo: Odfjell Drilling is afraid three awaited drillships will never be delivered, as the corruption scandal surrounding Brazilian energy conglomerate, Petrobras,...

Maersk Oil pulls the plug on Tvillingen

February 20th, 20150 Oslo: The partners in  Tvillingen with production license PL510 have decided to abandon exploration, after difficulties in the drilling process, said Oslo-listed ...
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