Europe
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Weak dry market threatens small shipbroking companies
London: The weak dry cargo shipping market is threatening the earnings of smaller shipbroking companies, which are growing increasingly concerned that…
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Lime Petroleum Norway increases stake in Norwegian Sea licences
Oslo: Lime Petroleum Norway has executed an agreement with Tullow Oil Norge AS1 to acquire an additional 20% interest in…
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Kanal Istanbul project takes shape
Istanbul: Turkey’s plans are taking shape for construction of the Kanal Istanbul, an artificial waterway built to bypass the Bosporus…
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Eitzen Chemical reports large losses
Oslo: Eitzen Chemical, which last month entered into a large debt agreement with its creditors, ended 2014 with a significant…
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BW LPG secures financing for seven VLGC newbuilds
Oslo: Singapore headquartered BW LPG has announced on Oslo Bors today that it has signed a debt facility agreement for…
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New contracts for Deep Sea Supply
Oslo: Fredriksen controlled Deep Sea Supply has secured work for two of its PSVs. Sea Brazil has been contracted to under-fire Petrobras while Sea…
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Sungdong building suezmaxes for Kyklades Maritime
Athens: Greece’s Kyklades Maritime has ordered up to five suezmax vessels from South Korea’s Sungdong Shipbuilding & Marine Engineering. The…
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Cosmoship orders container vessels at DaeSun
Athens: Greece’s Cosmoship Management has placed orders for two 1,800-teu containerships, plus two options, at DaeSun Shipbuilding & Engineering in Busan, South Korea. DaeSun says it…
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DOF shreds five
Oslo: DOF’s subsidiary Norskan Offshore in Rio de Janeiro has entered into an agreement to sell five ships operating in…
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Marnavi building two platform supply vessels in Turkey
Naples: Marnavi has ordered two further 4,000-dwt platform support vessels at the Selah shipyard, Turkey. The contracts are valued at…
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Jacob Stolt-Nielsen dies, aged 83
London: Jacob Stolt-Nielsen, founder of Norway’s Stolt-Nielsen group, has passed away aged 83. He passed away at home in Oslo…
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DP World London Gateway to build third berth
London: DP World’s London Gateway port is to build a third berth, which should be operational in the second half…
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Glencore extends timecharter of Diana Shipping panamax
Athens: Glencore Grain (Rotterdam) has extended its timecharter of a panamax bulker operated by New York-listed Diana Shipping. The Arethusa (73,593…
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Tsipras quells China’s queries over Piraeus port privatisation
Athens: The Greek prime minister Alex Tsipras has reassured his Chinese counterpart Li Keqiang that Greece still values Chinese foreign…
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Tsakos VLCC wins storage contract
Athens: A VLCC owned by New York-listed Tsakos Energy Navigation (TEN) has won a six-month storage contact from Petrobras. The…
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Frontline: Opportunities in a low market
Oslo: He might no longer be the ceo of Frontline Management, but as a director at Frontline, Jens Martin Jensen…
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ABN Amro cooperates with Sinosure
Beijing: Dutch bank ABN Amro has signed a memorandum of understanding with China Export & Credit Insurance Corporation (Sinosure) for…
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Major investor tells Stealthgas to boost shareholder value
Athens: One of Stealthgas’ major shareholders has told the chairman of the board that the LPG carrier owner must enhance shareholder…
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Turkish yard completes river pushboats for iron ore transport in S America
Istanbul: Turkish shipyard Uzmar Workboat and Tug Factory has completed six of eight shallow-draft river push boats on order for…
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FPSO explosion off Brazil kills at least five
Oslo: Five people are dead and another four missing following an explosion on the BW Offshore-owned FPSO Cidade de Sao…
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