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Oaktree sells product tanker to PetroVietnam
Investment outfit Oaktree Capital Management has let go of one of a product tanker, selling the 13,200 dwt to PetroVietnam…
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KKR walks away from NordLB’s shipping loans
German lender NordLB has ditched plans to sell a EUR1.3bn ($1.5bn) portfolio of shipping loans to KKR, after around a…
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Turkish ship fired upon by Greek coast guard
The master of a small Turkish general cargo ship said on Monday that the Greek coast guard had fired on…
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STX comes out of restructuring early
The court-led restructuring of STX Offshore & Shipbuilding has come to an early end with the Korean yard now able…
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More owners flock to Hanseatic Unity
Hanseatic Unity, the fast emerging German chartering firm, continues to grow with news Leonhardt & Blumberg and Asiatic / Atlantic…
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Greek shipowner boss trades barbs with the EU
A top name in Greek shipowning has lashed out at bureaucrats in Brussels and warned the Greek fleet could head…
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Simulation platform to be created to aid ship design
Rolls-Royce, the Norwegian University of Technology Science (NTNU), research organisation SINTEF Ocean, and classification society DNV GL have signed a…
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Dynacom Tankers acquires VLCC from Kyoei Tankers
Greek owner Dynacom Tankers has acquired a secondhand VLCC from Japanese owner Kyoei Tankers. VesselsValue shows that Dynacom Tankers bought…
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CWind secures Dong extension
Offshore windfarm service contractor CWind has secured a two-year extension to its existing three-year crew transfer vessel contract at the…
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Yinson Holdings sells 26% stake in Ghana FPSO to Japanese consortium
Malaysia’s Yinson Holdings has entered into a heads of agreement with a consortium of Japanese companies for the disposal of…
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General cargo vessel sinks near Guangxi
General cargo vessel Xin Bao Tai 1 sank near Weizhou Island, Guangxi yesterday afternoon. The vessel was carrying 3,250 tons…
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Klaveness awarded bulk sulphur deal
Norwegian owner Torvald Klaveness has secured a 17 shipment contract of affreightment (CoA) to ship bulk sulphur from the Middle…
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Nanjing Shenghang Shipping acquires chemical tanker
Chinese domestic tanker owner Nanjing Shenghang Shipping has announced the acquisition of 4,345 dwt secondhand chemical tanker Bao Feng Xiang…
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Greek tanker owner dies
Greek tanker owner Minos Kyriakou died of a heart attack, aged 75, over the weekend in Athens. Kyriakou was the…
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DryShips seals time charter for newcastlemax
George Economou’s DryShips has fixed one of its newcasltemax bulkers on a one-year time charter with a major coal and…
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Yangzijiang Shipbuilding adds another six vessels to its orderbook
China’s Yangzijiang Shipbuilding says it has added six new orders worth a total of $133m to its orderbook in the…
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Saipem secures new Saudi Armco order and Angola FPSO extension
Italy’s Saipem has announced new contracts totalling $500m from the Middle East, Africa and Caspian Sea. The first project is related to a…
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McDermott seals $810m amended credit agreement
Houston-based oil industry construction and installation service firm McDermott revealed that it has entered into a five-year amended and restated…
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GE completes Baker Hughes buyout
GE on Monday completed its buyout of industrial service firm Baker Hughes to create the world’s second largest oilfield service…
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ADES secures new jackup contracts
London-listed drilling contractor ADES has been awarded a contract by Belayim Petroleum, a joint venture between Italian oil major ENI…
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