Europe
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British government urged to invest in officer training
British charity Seafarers UK today called on both the government and the UK shipping industry to invest in training of…
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US-listed dry bulk firms could lose more than $1bn this year: Alphabulk
US-listed dry bulk companies could record a collective loss in excess of $1bn this year, a new report from Alphabulk…
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Arista Shipping: ‘Setting the bar high for others to follow’
There’s a quote on the homepage of Arista Shipping that sums up the pioneering attitude of this Greek shipowner. “Quality…
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Cyprus implementing new shipping strategy
Cyprus is implementing a new shipping strategy. The minister of transport, communications and works Marios Demetriades said yesterday more incentives…
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Box Ships delays debt repayments
Box Ships has announced it has reached agreements with two banks to delay the repayments of its debts. The company…
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Navig8 Chemical Tankers inks sale and leaseback deal with CMB
Navig8 Chemical Tankers has announced that it has entered into sale and leaseback agreements with China’s CMB Financial Leasing for…
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Grieg Star completes 23-vessel refinancing
Bergen-based Grieg Star, part of the Grieg Group, has finished its $400m refinancing of 23 vessels in its 45-bulk carrier…
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Nordic American Tankers fixes suezmax on timecharter
A subsidiary of ExxonMobil has fixed one of Nordic American Tankers’ (NAT) suezmaxes on an 18-month timecharter. The contract includes…
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Bank waives Paragon Shipping’s debt
Paragon Shipping has entered into an agreement with Unicredit Bank, the last of its credit lenders, which will discharge the…
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Shippers worried about carrier ‘uncertainty’
Shippers have stopped celebrating the lowest freight rates in living memory and now concerned about the uncertain state of container…
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Levy could help cut NOx emissions by 70%, study claims
Introducing a levy on nitrogen oxides (NOx) that would fund abatement measures could cut NOx emissions from vessels by up…
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Lloyd Fonds gears up with new appointment
German shipping investor Lloyd Fonds has appointed former Commerzbank high flier Klaus Pinter as head of its shipping activities. “Over…
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Rina: IPO is a chance for growth
There is no reason why classification societies should not be listed since their activity can depend neither on the clients…
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‘Modern day slavery’: UK union hits out at Indian OSV owner
An OSV was detained by authorities in Aberdeen, Scotland, with its owners accused of “modern day slavery”. The Indian crew…
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Norseman Offshore withdraws bankruptcy petition against Viking Supply Ships
Embattled Viking Supply Ships (VSS) has received some good news with Norseman Offshore withdrawing its petition in Copenhagen for bankruptcy…
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Oldendorff snaps up Norden post-panamax for $11.5m
German powerhouse Oldendorff has been linked as the buyer of the six-year-old 114,167 dwt by brokers. The ship fetched $11.5m.…
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Diana Containerships fixes post-panamax to SeaGo Line
Diana Containerships has fixed its post-panamax boxship March (5,576 teu, built 2004) to SeaGo Line for seven to 12 months.…
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Norden sells four handysize bulk carriers
Norden has sold four of its handysize bulk carriers to enable it to focus on ownership of supramax and panamax…
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Polarcus wins a survey contract in South America
Oslo-listed Polarcus has signed a letter of intent (LOI) to undertake an additional broadband 3D marine seismic survey in offshore…
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Songa raises new equity, mostly bought by its board
Oslo-listed Songa Offshore has raised NOK 212.7m ($25.5m) by issuing new shares, of which around 60% were purchased by members…
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