Europe
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Solvang to be privatised
A group including AS Clipper and the Steensland family have made a mandatory offer to take gas shipowner Solvang private,…
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JP Morgan grabs five ultramaxes en bloc from Setaf Saget
JP Morgan Global Maritime has taken over five ultramax bulk carriers from French dry bulk shipping operator Setaf Saget. According…
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Seanergy acquires secondhand capesize
Greek dry bulk owner Seanergy Maritime Holdings has entered into an agreement to acquire a 2012-built capesize vessel. The 179,213…
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Statoil signs up Transocean semi-submerible
Norwegian energy giant Statoil has announced that the company and its license partners have decided to have decided to use…
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Lloyd’s Register buys into Hanseaticsoft in bid to deliver shipping 4.0
British classification society Lloyd’s Register (LR) has made a “significant investment” in Hamburg-based ship management software provider Hanseaticsoft. Hanseaticsoft provides…
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Uljanik Plovidba makes gas move
Croatian owner Uljanik Plovidba is teaming up with Cyprus-based ECTA Caspian to form a joint venture looking to ship LNG…
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Tsakos’s latest product buy illustrates declining asset prices in the sector
Tsakos Group’s acquisition of the product tanker illustrates well the declining asset value in the sector. The Greek owner is…
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Shareholders the biggest losers as Seadrill prepares for Chapter 11
John Fredriksen’s Seadrill says that it is preparing to implement a restructuring plan which will likely involve schemes of arrangement…
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DryShips seals new Kalani deal, moves to acquire six more vessels
George Economou’s DryShips has gone back to its favourite source of finance, the little-known Kalani Investments, who have agreed to…
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Eimskip takeover of Nor Lines blocked by competition authority
The Norwegian Competition Authority has decided to prohibit Icelandic shippowner Eimskip from acquiring Norway’s Nor Lines. The authority said the…
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Wilhelmsen and Wallenius complete deal to form Wallenius Wilhelmsen Logistics
Wilhelmsen and Wallenius have completed a merger deal leading to a new ownership structure for their jointly owned investments in Wallenius…
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Cido sells boxship pair to Arkas
Hong Kong-based Cido Shipping has sold a pair of sub-3,000 teu boxships to Turkey’s Arkas Denizcilik. The fast expanding Turkish…
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Bjørkli stepping down at Nordic American Offshore
Tor-Øyvind Bjørkli is leaving his role of managing director at Nordic Amercian Offshore around mid-2017 after tendering his resignation. Bjørkli…
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Smart container inventor sets out to pioneer digital freight trains
Traxens, the Marseille firm best known for inventing the smart container, is turning its attention to a different mode of…
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BV shuffles management as it pursues digital strategy
Philippe Donche-Gay, president of French classification society Bureau Veritas, has been promoted to the role of senior executive vice president…
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HNA in the running to buy HSH Nordbank
China’s HNA Group and Apollo Global Management are among at least five potential names to have lodged preliminary bids for…
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Odfjell Drilling finds work for semi-sub
Norway’s Odfjell Drilling says it has received a letter of intent from an undisclosed party for the employment of semi-submersible…
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Songa Bulk adds two more vessels, looks for further fleet growth
Having snapped up a pair of kamsarmaxes a week ago, Arne Blystad’s Songa Bulk has continued its rapid fleet build…
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Economou pounces for kamsarmax resale
George Economou has pounced for another bulker. Via Cardiff Marine, the Greek tycoon has taken an 82,000 dwt resale kamsarmax,…
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BW Offshore closes Abo FPSO extension
BW Offshore has finally agreed a long term extension for the lease and operation of FPSO with Nigerian Agip Exploration,…
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