Europe
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Turkey must open its ports to Cyprus-flagged vessels, say UK ministers
Two UK government ministers have called for Turkey to lift its ban on Cyprus-flagged vessels or those with Cypriot connections…
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Crew on Turkish ship have not been paid or returned home in two years
Three crew members remaining onboard a Turkish-owned general cargo vessel stuck in Brazil have not been paid in two years,…
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Insurers braced for loss of ships due to cyber attacks
Ships could be lost thanks to cyber attacks soon, a report from Lloyd’s Joint Hull Committee (JHC) in association with…
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London International Shipping Week: A different style
London: Don’t be surprised if shipping news gravitates around the British capital next week. With more than 100 events planned…
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FMC Kongsberg Subsea cuts more staff
An additional 200 employees must go at Norwegian oil service company, FMC Kongsberg Subsea, according to local media. Barely three…
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Detained ship was carrying over 5,000 firearms plus ammunition
Over 5,000 firearms and more than 490,000 rounds of ammunition have been found onboard the suspicious general cargo vessel arrested…
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Shell’s acquisition of BG moves a step closer with EC blessing
The proposed merger between Royal Dutch Shell and BG Group moved a step closer today with the European Commission giving…
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FreeSeas fixes handysize at a higher rate
FreeSeas has fixed a handysize bulk carrier on a 30-day timecharter at a higher rate than the vessel’s previous employment.…
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Yildirim snaps up Portuguese ports firm
Turkey’s Yilport Holding, part of Yildirim Group, has bought port operator Tertir-Terminais de Portugal from Mota-Engil SGPS and Novo Banco.…
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Aker Solutions lays off another 500 staff
Aker Solutions is letting go of more staff. The Norwegian subsea firm announced yesterday another 500 people are to be…
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Petroleum Geo-Services to lay up a third vessel
Norwegian seismic specialist Petroleum Geo-Services has decided to lay up survey vessel Ramform Viking (built 1998), citing the need to…
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Tsakos Energy Navigation gets two-year tanker timecharter renewal
A handysize owned by Greece’s Tsakos Energy Navigation (TEN) has had its existing timecharter extended by a further two years…
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Sweden to instate new tonnage tax regime from 2016
Sweden will introduce a new tonnage tax regime in 2016 that aims to encourage more ships to sail under the…
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UPDATED: Greek coastguard raids vessel carrying weapons possibly linked to ISIS
The Greek coastguard has raided a cargo vessel carrying weapons suspected to be destined for Islamic State (IS) forces in…
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VesselsValue.com: Sell VLCCs, buy capesizes and VLGCs
London: Asset players should sell VLCCs, buy capesizes and VLGCs and hold on to smaller containerships. That’s the advice of…
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Island Offshore delays three newbuilds at Vard, plans further lay ups
Norway’s Island Offshore is taking measures to deal with the depressed offshore market, delaying three newbuilds at Vard’s Brevik yard.…
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Euronav fixes $750m credit facility
Euronav has signed a new $750m senior secured amortizing revolving credit facility led by DNB Bank and Nordea Bank acting…
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Tanker and bulker in late night Black Sea collision
Just before midnight last night, oil and chemical tanker Paros Wind (17,060 dwt, built 1998) collided with bulker CS Jaden (38,101…
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Subsea 7 joins the party with $150m Culzean contract from Maersk Oil
Oslo-listed Subsea 7 has won a contract from Maersk Oil for subsea, umbilical, riser and flowline work at the Culzean…
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Terms of Thessaloniki Port privatisation changed
The terms of the tender by which the Greek government will sell off a stake in Thessaloniki Port Authority have…
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