Europe
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Diana Containerships adds two Yang Ming chartered panamaxes
Athens: New York-listed Diana Containerships said that yesterday it signed agreements to purchase two panamax 4,920-teu containerships, the YM Los…
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Diana Shipping refinances with new Nordea loan facility
Athens: Greek dry bulk operator Diana Shipping has signed a term loan facility this week with Nordea Bank in London.…
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Limassol port halts strike before talks with government
London: Workers at Limassol port are due to meet today with Marios Demetriades, Cyprus’ transport minister, to discuss strike action…
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Auerbach Schifffahrt: Multipurpose action
Hamburg: Composure, reflection, action – these are the traditional Hanseatic virtues that lie at the heart of Auerbach, according to…
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Wilh Wilhelmsen cuts Hyundai Glovis holding
Oslo: Oslo-listed Wilh Wilhelmsen is reducing its shareholding from 12.5% to 12% in Seoul-based car logistics specialist Hyundai Glovis. Wilh…
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Scorpio Tankers secures loans to fund purchase of four LR2s
London: NYSE-listed Scorpio Tankers has secured loans of $52m and $61.2m to partially fund its purchase of four LR2 product…
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Siem Offshore makes structural changes
Oslo: Subsea 7 spinoff, Siem Offshore Inc, has announced a major restructuring of the business to form two separate divisions…
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Nordic American Tankers plans fleet expansion
Oslo: In a letter to shareholders, Nordic American Tankers chairman and ceo Herbjorn Hansson revealed that the company is planning…
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New budget a boon for UK offshore oil & gas and maritime sectors
London: UK chancellor George Osbourne has unveiled his new budget for the fiscal year 2015, which comprises a number of…
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A. P. Moller-Maersk aims for $4.94bn from bank sale
Copenhagen: Denmark’s A. P. Moller-Maersk (APMM) has published details of its planned sale of its 20% stake in the country’s…
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Statoil’s latest gas find
Oslo: Statoil has found gas and is now drilling at wildcat well 6706/12-2, some 6 km west of the Aasta…
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Gestion Maritime: Tanker diversification coupled with bulk acquisitions
Monaco: Monaco-based Gestion Maritime is ready for its debut in the liquid bulk market this summer and is also readying…
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Knarr field produces first oil for BG Group
Oslo: BG Group has said today that Teekay FPSO Petrojarl Knarr has started production from the Knarr oil field in…
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Nordic American Offshore’s Hansson put his money where his mouth is
Oslo: Executive chairman and president of NYSE-listed Nordic American Offshore (NAO) Herbjorn Hansson has put his money where his mouth…
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Sobelmar commences Chapter 11 proceedings
New York: Belgian firm Sobelmar and some of its subsidiaries, including Sobelmar Shipping, has had to commence Chapter 11 bankruptcy…
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DHT fixes four on time charters
Oslo: New York-listed DHT Holdings has booked time charter contracts for four of its vessels. VLCC DHT Chris (309,285dwt, built…
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Farstad offloads old AHTS
Oslo: Oslo-listed offshore specialist Farstad has taken a $0.53m loss this quarter by selling an old anchor handler. The AHTS…
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AAL takes MTL vessel on charter
Singapore: Breakbulk operator AAL has added to its fleet, taking on a 2009-built vessel on long-term charter. AAL has taken…
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Aker Solutions looks to the future
Oslo: Aker Solutions has showed investors five strategic objectives after splitting in two in September. The company, which meets today…
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Arctic shipping volumes falling despite record ice-melt
Oslo: No records for shipping through Arctic waters are likely to be broken this year, even though meteorologists are predicting…
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