Europe
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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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Bulker runs aground off Greece, crew rescued
Athens: Bad weather has caused a Cyprus-flagged bulker to run aground off the Greek island of Andros, the Greek coastguard…
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Navios Acquisition cancels two MR2 tanker newbuildings
Athens: Navios Maritime Acquisition Corporation has terminated contracts for two newbuilding MR2 product tankers. The contracts were terminated “with no…
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CMA CGM takes the humble container into the digital age
Perpignan: CMA CGM is investing in ‘smart’ containers to keep a better track of where its cargoes are in the…
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Odfjell opens saving account
Oslo: It’s no secret that the traditional Bergen-based shipowner Odfjell has not earned money in half a decade and is…
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Penta Shipping: Carriers will remain firm on rates
Copenhagen: Despite a drop in bunker prices containerlines are unlikely to budge too much when it comes to rates negotiations,…
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Greek ministries disagree over ports privatisation
Athens: The new Greek government has been sending mixed signals over what is to happen to the Piraeus and Thessaloniki…
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Prime Marine sells LR1 tankers to Hafnia
Athens: Greece’s Prime Marine Management has sold four modern LR1 products tankers to Danish owner Hafnia Tankers for an undisclosed…
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Major owners form Capesize pool
Athens: Major vessel operators Bocimar International, C Transport Maritime, Golden Union Shipping, Golden Ocean and Star Bulk Carriers have formed…
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Farstad Shipping beats a retreat
Oslo: Only days after Norway’s biggest offshore owner decided to discontinue shipping operations in Aberdeen another retreat has been signaled…
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Lloyd Fonds to become a Hamburg-listed shipowner
Hamburg: Lloyd Fonds AG, an experienced fund arranger in Germany, is to be converted into the holding company of a…
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Greece’s ports policy will be cleaned up
Athens: Increasing business transparency and creating job opportunities will be central to the new Greek government’s ports policy, Thodoris Dritsas,…
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Greek shipping minister promises jobs to Greek seafarers
Athens: Thodoris Dritsas, deputy minister of economy, infrastructure, marine and tourism, has outlined his vision for the Greek shipping industry…
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Allseas bows to pressure, will change name of Nazi-linked ship
Perpignan: In shipping folklore changing a ship’s name is considered bad luck. However, such has been the crescendo of revolt…
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Reef Subsea downfall hits GC Rieber Shipping
Oslo: Stavanger based private equity fund HitecVision might lose to up to $500m while GC Rieber Shipping might lose $200m…
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BlueMountain Capital buys up Scorpio Bulkers shares
Monaco: BlueMountain Capital has bought even more shares in Scorpio Bulkers, increasing its stake to 12.1m shares, a US SEC…
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