Denmark
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Europe
Tonic Sea master mixed up in drinking scandal
The master of the Tonic Sea bulk carrier has got mixed up in a drinking scandal which could see measures…
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Dry Cargo
Torm sells its last two bulk carriers
Torm is no longer an owner of bulk carriers, after agreeing to sell two of its panamax bulkers to Greece’s…
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Dry Cargo
Norden to exit larger bulker trades
Denmark’s Norden is looking to offload its larger bulker carriers and focus on handies and panamaxes. In an interview with…
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Europe
Maersk Tankers orders nine MR product tankers from Samsung Ningbo
Maersk Tankers has ordered nine 49,940-dwt MR product tankers from Samsung Heavy Industries Ningbo shipyard in China in a $300m…
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Europe
Danish court convicts former Maersk Drilling rig manager of $3.5m fraud
A court in Denmark has found a Russian national guilty of defrauding Maersk Drilling out of some DKK 23m ($3.5m).…
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Europe
Svitzer orders six tugs at Sanmar
Maersk Group towage and salvage arm Svitzer has signed contracts with Sanmar Shipyard in Turkey for the construction of six 70…
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Dry Cargo
Clipper bags ultramax resales
Danish firm Clipper has emerged as the buyer of two resale bulkers. The company announced today it is taking delivery…
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Europe
Oaktree takeover of Torm given the go-ahead
Investors gave the green light to Oaktree Capital Management’s restructuring agreement with Danish tanker company Torm at an extraordinary general…
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Europe
Maersk sells stake in lifeboat manufacturer
Maersk’s ongoing mission to offload non-core businesses to prop up its bottom line has seen it sell off its stake…
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Europe
Nordic Tankers buys small stainless chemship
Nordic Tankers has purchased a 10-year-old stainless steel chemical tanker from Singapore’s Quantum Pacific Shipping for $21m. The Japan-built Amber…
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Europe
Maersk in $1bn share buyback plan
Maersk Group is pushing through with a share buyback programme worth up to $1bn. The Danish firm, which announced its…
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Dry Cargo
Norden cuts executive team
The ongoing restructuring at Denmark’s Norden has seen it slash its executive management team from five to three with its…
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Europe
Maersk gets Dong extension
Maersk Drilling has secured a contract for jackup rig Maersk Giant (built 1986) from Danish energy company Dong, an extension of…
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Asia
J Lauritzen sells its last capesize vessel
Denmark’s J Lauritzen has sold its last capesize vessels, marking its exit from the market. Today, brokers say Lauritzen has sold…
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Europe
Maersk Drilling wins contract extension for rig in Caspian Sea
Athens: BP Exploration (Shah Deniz) has extended its contract on Maersk Drilling’s Heydar Aliyev semi-submersible rig by a further five years in a…
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Europe
Maersk Drilling sends oldest rig to be recycled
Copenhagen: Maersk Drilling has decided to decommission the rig Maersk Endurer from the fleet and recycle the rig with Zhoushan…
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Europe
Torm completes restructuring, fleet swells to 74
Copenhagen: Torm has completed its comprehensive restructuring, recapitalising its balance sheet, by reducing the existing debt from approximately $1.4bn to…
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Containers
Maersk Line orders nine 14,000-teu boxships at Hyundai Heavy
Athens: Maersk Line has signed a $1.1bn deal with South Korea’s Hyundai Heavy Industries (HHI) for nine 14,000-teu containerships. The nine…
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Europe
COSL Drilling wins Maersk Oil contract
Shanghai: COSL Drilling Europe, the Nowegian subsidiary of China Oilfield Services Limited (COSL), has secured a contract from Maersk Oil…
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Europe
Maersk sells ESVAGT for $610m
Copenhagen: AP Moller-Maersk has sold its Danish offshore safety and supply subsidiary, ESVAGT, to two private equity firms for a…
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