Europe
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US anti-trust agency to challenge Wilhelmsen takeover of Drew Marine
The US Federal Trade Commission (FTC) is going to make a legal challenge to prevent a proposed takeover of marine…
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J C Flowers and Cerberus Capital Management tipped to buy out HSH Nordbank
The Wall Street Journal (WSJ) is reporting that American private equity firms J C Flowers and Cerberus Capital Management have…
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Subsea 7 and Schlumberger poised to form joint venture
Subsea service provider Subsea 7 and oilfield services company Schlumberger have entered into exclusive negotiations to form a joint venture,…
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Statoil renews agreement for DOF anchor handler
Norway’s DOF has been awarded a framework agreement by Statoil for 2010-built anchor handler . The new agreement commences in…
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France’s joined-up thinking gives it the lead in race for LNG as a ship fuel
Public and private sectors have come together to push the European nation to the front of the LNG bunkering revolution.…
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Borr Drilling buys out Paragon Offshore
Borr Drilling has signed a binding tender agreement to buy all the outstanding shares in Paragon Offshore. The total acquisition…
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European Commission issues massive fines for cartel behaviour among car carriers
The European Commission has fined a raft of car carrier firms €395m ($485.6m) for taking part in cartels, in breach…
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Fugro wins $40m contract in China
Dutch seismic services company Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for a gas hydrate investigation on…
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MSC and Palumbo team up for a new floating drydock in Naples
Two shipyards based in the port of Naples, La Nuova Meccanica Navale (50% owned by MSC Group and the local…
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Maersk targets land-based acquisitions
While acknowledging there is still more consolidation to come in liner shipping, Maersk Line, the world’s largest boxline, has made…
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Another 14 ships takes MPC’s box fleet to 58
The fastest growing new containership owner in the world continues to impress with its scale and speed of acquisitions. MPC…
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Times Navigation makes first cape foray
Only a couple of months since low profile Times Navigation was reported making its only deal in 2017, the supramax and…
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Shell charters two LNG-fuelled aframaxes from Sovcomflot
Sovcomflot has signed time-charter agreements with Shell for two dual-fuelled aframax tankers. The vessels are part of a series of…
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Oceanteam risks liquidation due to auditor dispute
European offshore services company Oceanteam has received a notice from the Norwegian Register of Business Enterprises extending the period through…
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Subsea 7 buys into Chiyoda energy consultancy Xodus Group
Subsea 7 has strengthened its ties to Japan’s Chiyoda Corporation with the acquisition of a 60% stake in energy consultancy…
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Baltic Reefers takes over from Seatrade as world’s top conventional reefer operator
Baltic Reefers has taken over from Seatrade as the top conventional reefer ship operator for the first time in its…
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OOCL keeps GSL post-panamax boxship for another year at lower rate
Global Ship Lease has reached an agreement with Hong Kong line OOCL to extend the charter of 8,063 containership .…
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NorSea and Wilhelmsen Ship Management score TenneT offshore wind contract
NSG Wind and Wilhelmsen Ship Management have been awarded a technical maintenance framework agreement by Germany’s TenneT. The agreement, commencing…
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Gestioni Armatoriali supramax fire sale in bid to survive
Ravenna-based Gestioni Armatoriali will sell four ships from its fleet of 12 before next summer. That’s what is written in…
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Emas Offshore set to appeal Oslo delisting
Emas Offshore, part of Singapore’s Ezra Holdings, says it will appeal a decision by the Oslo Stock Exchange to delist…
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