Europe
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Transocean’s acquisition of Ocean Rig gets shareholder approvals
Transocean and Ocean Rig have both announced the approval of their respective shareholders for Transocean’s $2.7bn acquisition of Ocean Rig,…
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DOF Subsea awarded IMR contract extension
DOF Subsea has announced that its Australia unit’s existing subsea inspection, maintenance and repair (IMR) contract with Chevron Australia has…
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HSH Nordbank sale completed, becomes Hamburg Commercial Bank
The sale of German state bank HSH Nordbank to a consortium of private equity companies, announced in February, has been…
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Gestioni Armatoriali makes return with two MRs from Latvian Shipping
A few months after sealing the debt-restructuring plan with its banks which saw the company progressively transfer all its ships…
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Østensjø Rederi wins several new contracts
Norway’s Østensjø Rederi won new contracts for two of its vessels and renewed a long-term service contract. Norske Shell has…
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Xeneta launches monthly box shipping index
Xeneta, the Norwegian ocean freight rate benchmarking platform, has launched today a new shipping index. The monthly snapshot of regional…
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Capital Product Partners and Diamond S agree $1.65bn deal to merge tanker fleets
Evangelos Marinakis-led Capital Product Partners (CPLP) and US-based DSS Holdings, which owns Diamond S Shipping Group, have entered into a…
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European liners have better operating margins than Asian rivals
European liners appear far more adept at their business than their Asian peers, according to analysis from Alphaliner. Average operating…
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New Turkish line debuts first service
Turkey’s newest container carrier has debuted its first service. Istanbul-based Akkon Lines is linking Turkey with Libya on its first…
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Fire rips through cursed giant Russian icebreaker newbuild
The much-delayed delivery of the world’s largest diesel-powered icebreaker faces further problems after a massive fire broke out, destroying much…
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Avin fined $4m over Texan oil discharge
Greek owner Avin International pleaded guilty yesterday in a federal court in Beaumont, Texas, to charges stemming from several discharges…
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Norden adds MR tanker pair
Danish owner Norden has announced the acquisition of a pair of South Korean 2009-built MR product tankers. The deal is…
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Seadrill drillship awarded Petronas contract
Norway’s Seadrill Partners has secured contract in Malaysia with Petronas Carigali for 2008-built drillship . The contract is for one…
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Solstad Offshore PSVs awarded contract by Allseas
Norway’s Solstad Offshore has been awarded contracts by Allseas for a pair of platform supply vessels. The 2011-built Normand Naley…
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Renault takes the scenic route to green supply chains
French car manufacturer Renault has signed a three-year partnership with compatriot start-up Neoline to get more of the group’s vehicles…
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Pillarstone and Dea Capital set up investment platforms for distressed Italian shipping companies
Pillarstone Italy and Idea Capital Funds are both poised to launch separate investment platforms focused on the Italian shipping market,…
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CMA CGM outlines CEVA Logistics vision
French line CMA CGM and potential new acquisition CEVA Logistics have outlined how the pair intend to grow together, albeit…
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Viken swoops for MR trio
Bergen-based Viken Shipping has added three product tankers built between 2009 and 2010. The Orinoco Star, Yukon Star and Zambezi…
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Ship-to-ship transfer off Norway marks another milestone in Yamal LNG development
The Yamal LNG shipping project has celebrated another key milestone in its development with the first successful ship-to-ship transfer operation…
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Safe Bulkers acquires resale post-panamax
Greek owner Safe Bulkers has entered into an agreement to acquire a Japanese post-panamax resale newbuild bulker. The company expects…
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