Europe
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Bankruptcy claim lodged against Fesco
Another Russian owner is in dire financial trouble. A bankruptcy claim has been lodged in Moscow against Fesco, one of…
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EU must debate strategic maritime reorientation
We’re midway through European Shipping Week. Who better than Olaf Merk from the OECD to ruminate on what the EU…
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DSME wins up to four LNG carriers
John Fredriksen’s Flex LNG is being widely tipped as the mystery European owner behind an order at Daewoo Shipbuilding & Marine…
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Star Bulk adds kamsarmax foursome
Sources link the Petros Pappas-led bulker owner to four bulkers from one of Japan’s biggest sellers, Nisshin Shipping. In a…
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RBD Armatori puts three bulkers up for sale
Naples-baded RBD Armatori is in there process for reducing its fleet from 17 to 14 vessels, having just announced that is going…
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DHT secures financing for VLCC pair
DHT Holdings has secured bank financing for two 318,000 dwt VLCCs newbuildings ordered last month at South Korea’s Hyundai Heavy…
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KNOT Offshore Partners acquires shuttle tanker
KNOT Offshore Partners has announced that it has completed the acquisition of the ownership interests in the company that owns…
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Petrobras and Total seal alliance deals with contract signings
Brazil’s state oil firm Petrobras and French supermajor Total on Tuesday signed contracts sealing their strategic alliance and firming up…
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DEME orders offshore installation vessel at Cosco Shipyard
Belgian marine engineering contractor DEME has placed an order for the construction of an offshore installation vessel at China’s Cosco…
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Odfjell Drilling awarded semi-sub work in South Africa
Norwegian offshore driller Odfjell Drilling has signed a conditional letter of award with an oil major for a one well…
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Latvian Shipping Company completes $121m refinancing
Latvian tanker operator Latvian Shipping Company has completed a $121m refinancing with a syndicate of three banks. The company reached…
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Boskalis sells off last remaining shares in Fugro
Royal Boskalis Westminster has announced that it has sold off all of its remaining shares in offshore firm Fugro. The…
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CMA CGM boss vows to lead all US box trades
CMA CGM’s new CEO has vowed to be the top container carrier on all US trades. Rodolphe Saadé, son of…
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Eagle Bulk snaps up nine ultramaxes from Greenship Bulk Trust
New York-listed dry bulk owner Eagle Bulk Shipping has agreed to acquire up to nine ultramax dry bulk vessels from…
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DHT and Frontline battle comes to an end
DHT Holdings yesterday announced that its board of directors had unanimously rejected John Fredriksen’s Frontline revised takeover, likely putting an…
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Havila concludes restructuring
Norwegian OSV firm Havila Shipping has completed its restructuring – a complex series of arrangements that has included the issuance…
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BW Offshore wins arbitration against Addax Petroleum
BW Offshore has announced a successful arbitration award regarding its dispute with Addax Petroleum Exploration, a subsidiary of Sinopec, regarding…
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Firefinch Investment orders tanker at Dajin Heavy Industry
Shanghai Bestway Marine Engineering has announced that its subsidiary yard, Jiangsu Dajin Heavy Industry, has secured a shipbuilding contract from…
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Cargill extends post-panamax charter with Diana Shipping
Cargill International has extended its time charter with Diana Shipping for post-panamax dry bulk vessel for a period of 13…
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Frontline takes VLCC resale brace at ‘historically low’ $77.5m per unit
John Fredriksen’s Frontline has revealed via its latest quarterly results that the tanker firm has picked up two VLCC resales…
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