Europe
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Shipping in the dark as Black Sea battle intensifies
With Ukraine effectively opening up a new naval front with its enemy Russia by declaring six Russian ports as war-risk…
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Turkish grain port hit by massive explosion
An explosion occurred in the Turkish port of Derince yesterday afternoon which caused great damage to grain silos located in…
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Petrofac offshore workers back strike action
Offshore workers employed by Petrofac have voted to strike in ongoing disputes over jobs, pay and conditions, the Unite trade…
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DDW Offshore scores more work for AHTS pair
Norway’s DDW Offshore, a subsidiary of Akastor, has secured more work for its anchor handling tug supply (AHTS) fleet. The…
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Greek owners fare poorly in annual corporate governance scorecard
Greek owners Top Ships, StealthGas, Castor Maritime, Tsakos Energy Navigation, Euroseas, Safe Bulkers and Dynagas are the companies propping up…
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DOF secures CSV contract in West Africa
Norway’s DOF Group has won a significant contract worth between $80m and $100m from a tier 1 contractor and operator…
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Italian fund buys into RINA in $198m deal
RINA is getting a new shareholder in a three-way deal that will see Milan-based private equity firm Fondo Italiano d’Investimento…
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Performance Shipping seals $20m refinancing
Greek tanker owner Performance Shipping has refinanced its existing loan from 2019, in a deal with Nordea Bank for a…
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Hydor expands marine insurance portfolio with EF Marine buy
Norwegian insurer Hydor has acquired Singapore- and Rotterdam-based counterpart EF Marine and its subsidiary. The combined company will from now…
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Rodolphe Saadé readies launch of national newspaper
Shipowner tycoon turned media baron Rodolphe Saadé plans to launch a national Sunday newspaper later this year, according to local…
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MSC takes over Milan air cargo carrier
MSC has acquired the majority stake of AlisCargo Airlines, a Milan-based air freight carrier. The parties confirmed that the transaction…
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Damen exits Mangalia shipyard partnership
Dutch shipbuilder Damen has decided to withdraw from a partnership it had with the Romanian government regarding the Mangalia shipyard.…
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Golden Energy Offshore buys five Vroon ships for $94m
Norway’s Golden Energy Offshore Services (GEOS) has struck a deal to buy five ships from Vroon Holding for $94m. The…
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KNOT Offshore Partners names new CEO
New York-listed shuttle tanker player KNOT Offshore Partners has appointed Derek Lowe as its new chief executive officer. Lowe will…
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DOF takes ownership of anchor handler
Norwegian offshore vessels player DOF has exercised its option to secure the long-term ownership of the vessel . Financial terms…
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Ukrainian sea drone hits sanctioned Russian tanker off Crimea
Russian product tanker has been damaged in a Ukrainian sea drone attack in the Kerch Strait near the bridge that…
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Concordia Maritime left with one ship following latest sales
Concordia Maritime’s fleet sellout continues, leaving the Stena-backed Swedish tanker player with one ship remaining. The Erik Lewenhaupt-led company has…
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GasLog fixes out two LNG carriers
Peter Livanos-controlled GasLog has locked away two of its liquefied natural gas (LNG) carriers on time charter agreements. In its…
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Höegh Autoliners inks five-year US-Middle East car transport deal
Norwegian car carrier player Höegh Autoliners has signed a five-year contract for the transport of cars from the US to…
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Euronav adds $190.5m to sustainability-linked financing
Belgian tanker owner Euronav has clinched a new sustainability-linked loan to finance four newbuilds entering service this year. The $190.5m…
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