Europe
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LNG fuel for the Baltic Sea
Oslo: Oil and LNG terminal operator Klaipedos Nafta and Bomin Linde have signed an MoU on LNG bunker fuel. Germany’s…
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Bulker resale contract values take a hit
London: The Baltic Dry Index may have shown some slight improvement this week, but data shows the dire state of…
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UK prime minister launches economic plan from Port of Felixstowe
London: Prime minister David Cameron chose to launch his Economic Plan for the East of England yesterday from the UK’s…
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Stranded DFDS Seaways boxship refloated
London: The stranded containership Lybslink Seaways has been refloated from where it ran aground off the west coast of Scotland.…
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Petrobas scandal hurts Odfjell
Oslo: Odfjell Drilling is afraid three awaited drillships will never be delivered, as the corruption scandal surrounding Brazilian energy conglomerate,…
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Maersk Oil pulls the plug on Tvillingen
Oslo: The partners in Tvillingen with production license PL510 have decided to abandon exploration, after difficulties in the drilling process, said…
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Stolt-Nielsen secures $250m financing from AIG
Oslo: Norwegian operator Stolt-Nielsen Limited has closed a private placement with American International Group to raise $250m . The placement has…
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Dalmare: Mediterranen focus
Leghorn: Following the abandonment of the dry bulk market with the sale of some assets recently, Dalmare’s future strategy is…
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Tanker Investment says rates at six year high
Oslo: Newly established Tanker Investment has bet everything on an upswing in the tanker market. In 2014, they built up…
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Norden lowers rates in struggling bulk market
Copenhagen: Following dialogue with a number of large Japanese owners Denmark’s Norden has managed to work out savings in relation…
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BMZ Group buys chemical tanker for $18m
Istanbul: Turkish owner BMZ Group has reportedly purchased the chemical tanker Shovket Alekperova (7,100 dwt, built 2014) for $18m from Maltese owner…
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Diana Shipping fixes two capes to Rio Tinto
Athens: Rio Tinto Shipping (Asia) has timechartered the capesize bulk carriers Semirio and Sideris GS from New York-listed Diana Shipping.…
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Bulker lay-ups possible, says Navios
Athens: The worst dry cargo shipping market in 30 years could lead to increased lay-up of vessels, Angeliki Frangou, chairman…
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Containership grounded off Scottish coast to be rescued
London: Rescue operations are underway to free a DFDS Seaways containership grounded off the west coast of Scotland. Lysblink Seaways…
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Isis targets ships in the Mediterranean
Cairo: Isis is looking at disrupting European shipping. Propaganda released by the group has detailed plans to use Libya as…
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Globe Tracker: Reefer innovation
Copenhagen: Intermodal 45-foot container manufacturing pioneer UNIT45 has partnered with Globe Tracker International, a leader in global supply chain visibility,…
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Oceanteam squeezes a profit
Oslo: Oslo-listed Oceanteam Shipping ended 2014 on the upside. The Bergen-based deepwater offshore support vessel specialist showed an operating profit…
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UK-registered fleet continues to decline
London: The number of UK-registered ships is currently at its lowest level since 2006, according to figures from the UK’s…
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Hedge fund ups its stake in Scorpio Bulkers
Monaco: Hedge fund Aristeia Capital has upped its stake in Scorpio Bulkers, US SEC filings show. The New York-based company now…
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Dry cargo market sends carriers on the road to ruin
London: China’s Winland Ocean Shipping last week filed for filed for Chapter 11 bankruptcy protection in the US, another casualty…
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