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Navios Maritime Partners has pulled off a previously undisclosed $263.7m splash on options four LR2 tanker newbuildings, the shipowner disclosed in its earnings release on Tuesday. Angeliki Frangou’s
Navios Maritime Partners grew its net borrowing during the second quarter, lifting total debt closer to $2bn. But that’s not the figure at the core of the New York-listed shipowner’s …
Navios Maritime Partners has pulled off a previously undisclosed $263.7m splash on options four LR2 tanker newbuildings, the shipowner disclosed in its earnings release on Tuesday. Angeliki Frangou’s
Navios Maritime Partners has pulled off a previously undisclosed $263.7m splash on four aframax/LR2 newbuilding resales, the shipowner disclosed in its earnings release on Tuesday. Angeliki Frangou’s
Officers at the UK’s Royal Fleet Auxiliary, represented by trade union Nautilus International, have announced a second day of strike action, as a pay dispute remains unresolved. The RFA action …
Ocean Yield has mandated several banks for a new bond issue in the Norwegian fixed-income market. Arctic Securities, Danske Bank, DNB Markets, Nordea and SEB have been hired as joint …
As rates for VLCCs and suezmaxes took a tumble this summer, they found work in an unlikely place. According to figures from Steem1960 Shipbrokers, the share of uncoated tankers — …
One of three US sanctioned Arc7 LNG carriers originally contracted for Russian business has not left the South Korean shipyard where it is being built, despite tracking data showing the …
Navios Maritime Partners has reported a dip in net income in a second quarter that came in stronger than analysts on Wall Street had forecast. The New York-listed owner of …
Campbell Shipping has sold a handysize bulker in a deal that shows that even elderly China-built units are holding their value. The shipowner, which has Scottish roots but today is …
Another bank is treating International Seaways’ recent earnings miss as a temporary setback on the road to big earnings. Analysts at Fearnleys argued that a firming tanker market as the …
Denmark’s Alpina Chartering has taken a blow to its operated fleet by the decision of Dubai-based bulker owner Tomini Group to take commercial management of its fleet in-house. Tomini owns …
Campbell Shipping has sold a handysize bulker in a deal that shows that even elderly China-built units are holding their value. The shipowner, which has Scottish roots but today is …
Singapore’s Vallianz Holdings is teaming up with Penn Marine Service to increase its presence in the Thai offshore support vessel market. The company said the joint venture will “combine the …
Mitsui OSK Lines has installed a pair of rotor sails on the 207,468-dwt capsize bulker Camellia Dream (2014), which is on a long-term charter to Brazilian mining group Vale. The …
Oil is leaking from the wreck of the 13,800-dwt bulker Ultra Galaxy (built 2008), which listed in bad weather off the coast of South Africa. Aerial photographs taken by the …
Ocean Yield said it wishes to invest more in LNG after its first “landmark” deal in the segment. “We are very much looking forward to partnering with NYK, Geogas and …
Greek shipowner Evangelos Marinakis has sold a fleet of nine VLCCs to Bahri in a $1bn deal. The national shipping carrier of Saudi Arabia said the transaction, its second major …
Insurance broker Marsh has launched a $50m policy to cover for the loss of revenue caused by port blockages similar to the container ship disaster in Baltimore. The port of …
The changes keep coming at Christen Sveaas’ Viking Supply Ships. The Stockholm-listed anchor handling tug supply vessel owner said on Tuesday that its 20-year-plus contract with the Swedish Maritime
