Europe
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Hagemeyer commences DVB risk management role
Christian Hagemeyer has made an early start to his new role at DVB Bank on the board of managing directors,…
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Denmark’s largest gas field to close
Maersk Oil has announced it will shut Denmark’s largest gas field. Maersk Oil said in a release today that “an…
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Russian port boss accused of embezzling $25m
The head of the Russian port of Ust-Luga has been detained by a court in St Petersburg on suspicion of…
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FMC and Technip to complete merger within weeks
American subsea equipment firm FMC Technologies and French engineering company Technip jointly announced on Thursday that they expect their merger…
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Odfjell closes Oman tank terminal sale
Odfjell Terminals has completed the sale of its 29.75% stake in Oman tank terminal for $130m. The transaction will bring…
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Eddy Bruyninckx to step down at Antwerp
One of the best-known names in the European ports scene will retire this Saturday. Eddy Bruyninckx, CEO of the Antwerp…
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Seadrill secures Saudi Aramco jackup extension
Offshore drilling services provider Seadrill has received a three-year contract extension from Saudi Aramco for the jack-up . The extension…
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Evalend secures Hanjin tanker quartet
In a busy final few days of the year Kriton Lentoudis’s Evalend Shipping has finally nailed down the sale of…
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ZIM quits Transpacific Stabilization Agreement
Israeli shipping line ZIM will quit the Transpacific Stabilization Agreement (TSA), a discussion agreement by the major container carriers moving…
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DryShips gets $200m boost
Fresh from a $200m refinacing deal provided by George Economou, DryShips has sealed an agreement with Kalani Investments whereby it…
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Euroseas scraps bulker
Greek owner Euroseas is scrapping 1997-built dry bulk carrier , the oldest dry bulk vessel in its fleet. Euroseas says…
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Four European MPP operators form House of Shipping
A group of four European operators of multipurpose cargo vessels has reached an agreement to cooperate in technical shipmanagement to…
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Norwegian authority finds issue with Teekay FPSO at Petrojarl Knarr
Norway’s Petroleum Safety Authority (PSA) has found a number of problems on Shell’s FPSO, following an audit on the unit.…
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Farstad Shipping standstill agreed
Farstad Shipping has announced that its secured lenders have agreed to a formal standstill involving a deferral of all amortisations…
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Gearbulk and Grieg Star reveal new JV name
The joint venture of Gearbulk and Grieg Star will be named G2 Ocean, with a vision and mission to be…
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Total to invest $1bn per year in Brazil
A Brazilian unit of French supermajor Total is planning to invest $1bn annually (for an unspecified number of years) in…
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Vessel grounds off Greek island, debris and oil reported
Authorities are working to contain significant pollution around the Greek island of Andros after a 5,553 dwt general cargo ship,…
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Economou bolsters Danaos stake
George Economou continues to build his stock base in fellow Greek outfit Danaos Corporation. On Friday it was revealed Economou…
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Odfjell Drilling finds work for semi-submersible
Norway’s Odfjell Drilling has found further employment for semi-submersible rig with Faroe Petroleum Norge. The rig will be used for…
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Marnavi wins auction for small tanker
Naples-based Marnavi has emerged as the buyer of the tanker vessel sold at auction in Italy. Domenico Ievoli, chairman of…
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