Finance and Insurance
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Investor HAL moves to take over Boskalis
Dutch investor HAL Holding has made an offer to take over Dutch dredging and marine services provider Boskalis. The Curacao-based…
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ScottishPower and Shell to invest $99m in offshore wind supply chain
ScotWind partners, Shell and Iberdrola-owned ScottishPower are set to invest a total of £75m (close to $99m) to help the…
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Golden Energy Offshore Services launches private placement
Norway’s Golden Energy Offshore Services (GEOS) has initiated a private placement of new ordinary shares. The company said it would…
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Stolt-Nielsen builds up stake in rival Odfjell
Chemical tankers operator Stolt-Nielsen has become one of the top shareholders in the Norwegian competitor, Odfjell, sparking merger speculation. The…
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Sentinel Marine expands fleet with $81m of bank funding
Offshore support vessel specialist Sentinel Marine has taken delivery of a new multi-role offshore support vessel, with two more set…
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The minutiae of war and shipping
A merchant seaman, Mr Hadisur Rahman, third engineer onboard the bulk carrier Banglar Samriddhi, has already been killed in this…
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Transport Capital launches VC arm
The Singapore-based investment management firm Transport Capital led by Phillip Clausius (pictured) has launched a venture capital arm called TC…
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Seanergy seals capesize sale and leaseback
Greek pure-play capesize owner Seanergy Maritime has entered into a sale and leaseback agreement with a Japanese lender for 2012-built…
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BW Offshore gets contract extension for sold FPSO
Oslo-listed floater specialist BW Offshore has received a one-year contract extension for the lease and operation of the floating production…
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Recovery claims to arise from Felicity Ace sinking
All hopes of recovering some of the nearly 4,000 luxury cars Volkswagen Group had onboard the 6,400 ceu Felicity Ace…
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Nord Stream 2 files for bankruptcy
The Swiss-based company behind the $11bn Nord Stream 2 gas pipeline project from Russia to Germany has filed for bankruptcy…
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Hafnia agrees $414m sale and leaseback deal for Scorpio LR1 fleet
BW Group-controlled Hafnia has sealed a $414m sale and leaseback deal with ICBC Financial Leasing to finance the acquisition of…
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Braemar exits logistics with Cory Brothers sale
London-headquartered shipbroking and services firm Braemar has completed the planned sale of its logistics business, Cory Brothers (Cory) to Vertom…
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Massive claims expected from Felicity Ace blaze
The blaze on the 6,400 ceu off the coast of Portugal’s Azores islands is finally easing. The Panama-flagged ship caught…
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Maritime CEO Forums to return this year
After a two-year, pandemic-induced hiatus the Maritime CEO Forums are making a welcome return to the shipping calendar. Fancy a…
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Seadrill aims for bankruptcy exit this week
Offshore driller Seadrill, founded in 2005 by Norwegian tycoon John Fredriksen, expects to emerge from bankruptcy protection this month, most…
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Fred Olsen Windcarrier puts IPO on hold
Norwegian offshore wind turbine installation company Fred Olsen Windcarrier (FOWIC) has decided to postpone its initial public offering (IPO) of…
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Marguerite takes majority stake in Jifmar
European fund Marguerite has agreed to acquire a 65% stake in French marine contractor and vessel operator Jifmar Offshore Services…
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Xingtong Shipping readies Shanghai IPO
Chinese chemical tanker player Xingtong Shipping will invest much of the proceeds from an upcoming IPO on expanding its fleet…
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BW Offshore flags FPSO impairment
Norwegian floater specialist BW Offshore said on Monday it had decided to record an impairment to the book value of…
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