Europe
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Subsea 7 sheds over 1,000 from workforce
Oslo: London-headquartered subsea operator Subsea 7 has shed more than 1,000 from its workforce citing uncertainty in the subsea market.…
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Eitzen Chemical dissolves
Oslo: Team Tankers International voluntary offer to to take over Eitzen Chemical has been approved by the latter’s shareholders, paving…
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Handy and supramax dry markets make a comeback, capes still dead
London: The handysize, supramax and panamax dry cargo shipping markets have sprung back to life, but the capesize market continues…
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Maersk directors scoop millions from bank sale
Copenhagen: AP Moller Maersk’s sale of its 20% stake in Danske Bank has sent the light blue line’s shares through…
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2015 looks bright for panamax container ships, says Box Ships CEO
Athens: 2015 looks to be a good year for panamax and post-panamax container vessels, based on the performance seen in…
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What Triton could learn from Somalia
A couple of weeks ago I tweeted a link to a BBC news story on the Triton operation that has…
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Boardley warns on ‘very difficult’ times ahead in latest Splash TV episode
Southampton: Shipping should brace itself for a “very difficult” 12 months thanks to a fragile global economy and overcapacity in…
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Oaktree nears Torm takeover
Copenhagen: Denmark’s Torm is few weeks away from an engagement with private equity fund Oaktree Capital, a move that will…
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Maersk Group succeeding in rooting out corruption
Copenhagen: AP Moller Maersk Group unearthed a record-high of 13 different cases of corruption across the group in 2014. Not…
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Grimaldi to order five car carriers in China this month in $300m deal
London: Italy’s Grimaldi Group is in the process of selecting a Chinese shipyard from which to order five giant car…
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Statoil contracts world’s largest ship
Oslo: Pioneering Spirit, which lays claim to being the largest ship afloat, has inked a deal with Statoil for work…
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600 staff to go at Odfjell Drilling
Oslo: Odfjell Drilling has sent out a compensation package offer to 600 onshore workers as redundancies loom amid the weak…
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James Fisher buys South Africa’s Subtech Group
London: James Fisher has acquired Subtech Group, a South Africa-based marine and sub-sea service provider, for an initial cash consideration…
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Shell extends charters for two Tsakos Energy Navigation LR1s
Athens: A European oil major, thought to be Shell, has extended its charters of two panamax tankers owned by NYSE-listed…
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NewLead Holdings fixes panamax on 12-month COA
Athens: NewLead Holdings has fixed one of its panamax bulkers on a contract of affreightment (COA) to transport around 704,000…
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European shipping industry vital for EU GDP growth, says study
Brussels: For every €1m contributed to EU GDP by the European shipping industry, another €1.6m is created elsewhere in the…
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ICS warns of migrant “crisis” in the Mediterranean
London: The International Chamber of Shipping (ICS) has warned that EU governments must act now before the lives of thousands…
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Consolidated Marine Management orders two LPG vessels from HHI
Athens: Greece’s Consolidated Marine Management (CMM) has ordered two 60,000-cbm LPG carriers from Hyundai Heavy Industries (HHI), South Korea. Both vessels…
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Turkey’s new third largest port nears completion
Istanbul: Turkey’s new third largest container port, Asyapor port in Tekirdag, is set to open by June this year, according…
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Wikborg leaves DHT Holdings
Oslo: New York-listed owner DHT Holdings has told investors that Rolf Wikborg has left the board of board of directors.…
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