Europe
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NAT chairman increases his shareholding
Chairman and CEO of Nordic American Tankers (NAT) Herbjorn Hansson and his son Alexander have bought $1.4m worth of stock…
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Glencore Grain extends its Diana panamax timecharter at a discount
Glencore Grain (Rotterdam) has extended its timecharter a Diana Shipping panamax bulk carrier for an extra 10 to 13 months,…
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Eidesvik sells seismic survey vessel
Oslo-listed Eidesvik Shipping, part of of Eidesvik Offshore, has signed a memorandum of agreement with an unnamed buyer for the…
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Special forces deployed as seafarer runs amok, threatening to kill crew and torch ship
Portuguese maritime police stormed a Liberian flagged general cargo ship yesterday after a sailor of Turkish origin ran amok, brandishing…
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Rolls-Royce Marine lays off more Norwegian staff
Rolls-Royce Marine is shutting down its plant at Hjørungavåg in Norway, which employs around 200 people. The factory produces equipment…
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Vitol takes two LR2 product tankers on long-term timecharter
Vitol has fixed two of Dong A Tanker’s LR2 product tanker newbuildings on six-year timecharters. The as yet unnamed 115,000-dwt…
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Greek bareboat deal with Nigerian owners in jeopardy?
The crisis in Greece looks likely to put to an end a big bareboat programme between a number of Greek…
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LITGAS: Ship hunt with Statoil
Vilnius: Natural gas supply and trading company LITGAS, part of Lithuania’s state owned energy holding Lietuvos Energija, and Norwegian energy…
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PYPSA wins $12m Pemex deal
Spanish engineering firm Grupo Profesional Planeacion y Proyectos, has signed a $12 million-plus deal with Mexico’s state oil firm Pemex…
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Oil company orders Barents Sea survey data
An unnamed oil company agreed to licence 3D electromagnetic data on the Barents Sea from Oslo-listed Electromagnetic Geoservices’ multi-client data…
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Hibiscus Petroleum buys stake in North Sea drilling licence
Lime Petroleum Norway, part of Malaysia-listed Hibiscus Petroleum, has agreed with Lundin Norway to acquire a 30% stake in the…
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Cyprus transport minister negotiates to avoid port worker strikes
A second meeting has been scheduled this week to avoid industrial action at Cyprus’ ports, after a meeting between transport…
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‘The merged entity can’t match our ongoing investment programme’: V.Group’s take on Anglo-Eastern Univan
Clive Richardson, president and group ceo of the world’s largest shipmanager, V.Group, has both welcomed and dismissed the recent mega…
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Lines try to push through 156% rate hike to Europe
Despite Asia-Europe container trades being in the severe doldrums, near record lows, the world’s largest boxline is trying to push…
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North Energy’s failed wildcats spur more urgent cost cutting
Norway’s North Energy has admitted it is in financial trouble and will need to look at further cost cutting measures.…
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Golar LNG, GasLog and Dynagas form first LNG carrier pool
Golar LNG, GasLog and Dynagas have signed an agreement to form ‘The Cool Pool’, the world’s first LNG carrier pool,…
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Teekay Offshore Partners plans sale of elderly shuttle tanker
Teekay Offshore Partners is planning the sale of its oldest shuttle tanker, which has been laid up in Malaysia since…
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Norwegian shipowners turn their backs on beaching
In an op-ed in Dagens Næringsliv, the largest daily business paper in Norway, the Norwegian Shipowners’ Association and their CEO…
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Charles Taylor: On the acquisition trail
London: David Marock, group CEO of insurance giant Charles Taylor is today’s Maritime CEO in a wide ranging interview in…
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Lundin takes up $10m option with Prosafe
Lundin Norway taken up a one month option on Prosafe’s semi-submersible accommodation vessel Safe Boreas, located at the Edvard Grieg…
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