Pacific Drilling bondholders deal moves forward
Luxembourg-based bankrupt driller plans to offer $700m in senior secured first-lien notes as part of a scheme to raise $1.5bn of new capital.
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Future Earnings of Existing Fleet is Still Dependant on Demolition Activity
It’s demolition activity which will balance out – eventually – the current tonnage overhang in the tanker market, as it did (coupled with a rise in demand) in the dry bulk market. In its latest weekly report, shipbroker Allied Shipbroking noted t…
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Capesize charter rates expected to keep increasing despite trade war uncertainties
Drewry maintains a positive outlook on the dry bulk market and expects charter rates to improve from current levels, driven by moderate increases in vessel demand and low growth in vessel supply as a result of restrained new ordering and a thin orderbo…
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Angelikoussis’ Maran Tankers Awards Contract For Installing Marine Scrubbers And Ballast Water Management Systems On 13 Ships
Sembcorp Marine has won its biggest green technology retrofits contract to date, awarded by Maran Tankers for the installation of marine scrubbers and ballast water management systems on 13 of the Greek owner’s vessels. Under the contract, four suezmax…
Eidesvik Offshore fixes OSV for wind work
Norwegian vessel owner to deploy a large support ship at a German offshore wind farm from mid September.
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