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Algoma Central secures refinancing
Canadian Great Lakes operator Algoma Central Corporation has completed a refinancing of its senior secured credit facilities that were due…
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Aker Solutions awarded subsea contract by Equinor
Aker Solutions has been chosen by Equinor for the delivery of a subsea production system to the Kristin Sør oil…
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S’hail Shipping adds another bulker to MaruKlav pool
S’hail Shipping has placed a sixth vessel into MaruKlav’s Baumarine Pool, adding the 2007-built panamax bulker which it recently acquired…
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China Merchants forms strategic partnership with China Minmetals
China Merchants Group has signed a framework agreement to form a strategic partnership with China Minmetals Corporation to start a…
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Asia-Europe rates climb to new highs
Spot rates published this afternoon by the Shanghai Containerized Freight Index (SCFI) show prices to move goods from Asia to…
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MOL announces Ikeda’s successor
Japan’s largest shipowner, Mitsui OSK Lines (MOL), is shuffling top management with Junichiro Ikeda moving upstairs to chairman and Takeshi…
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The year ahead in ship finance
As is customary at this time of the year the editor asks me for my take on key themes in…
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Noble exits shipowning with cape sale
Noble Group Holdings has exited shipowning with the sale of its last capesize. The commodities company, which has been through…
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Cosco sells major stake in Cosco Shipping Leasing to state fund
Cosco Shipping Development has announced that it has entered into an agreement with Chengtong Fund Management to sell a 35.22%…
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Lebanon’s prime minister charged in connection with deadly port blast
Lebanon’s lead investigator into the massive port explosion that rocked Beirut on August 4 has charged outgoing prime minister Hassan…
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Scorpio Bulkers sells third vessel this week with $20m kamsarmax deal
Monaco’s Scorpio Bulkers has entered into an agreement to sell the 2016-built kamsarmax for approximately $20m. Delivery of the Hudong…
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Wan Hai adds Delphis panamax
Taiwanese liner Wan Hai Lines has lined up its fifth purchase this year, agreeing to purchase the 10-year-old 4,178 teu…
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Jan De Nul Group confirms acquisition of Ocean Yield cable lay vessel
Offshore engineering firm Jan De Nul Group has acquired offshore construction and cable lay vessel from Norway’s Ocean Yield. Ocean…
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Taizhou Kouan emerges from bankruptcy
Chinese private shipyard Taizhou Kouan Shipbuilding has emerged from bankruptcy after new investors took control of the yard. The yard…
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McDermott awarded FEED extension for semi-submersible FPU
McDermott International has been awarded a contract by BHP to perform the preliminary front-end engineering design (pre-FEED) extension phase for…
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Ørsted seals deal to supply Amazon with offshore wind power
Danish renewable energy giant Ørsted has signed a ten-year corporate power purchase agreement (CPPA) with Amazon which will see the…
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Sea-Intelligence gears up with four new hires
Danish container analyst Sea-Intelligence has expanded with the appointment of four well known names to the Copenhagen-headquartered business. Bjorn Vang…
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Vår Energi boss Kristin Kragseth appointed CEO of Petoro
Norwegian offshore oil and gas operator Vår Energi is on the hunt for a new CEO after the appointment of…
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Van Oord gets nod for Sofia Wind Farm work
Dutch firm Van Oord has been selected by Germany’s RWE as the preferred supplier for the engineering, procurement, construction and…
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Havila Shipping awarded new PSV contracts by Equinor
Norwegian OSV owner Havila Shipping has been awarded new contracts for two of its platform supply vessels with Equinor Energy.…
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