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Shipping

Diana reports Q1 results

Diana reports Q1 results

(Posted on 14/05/19)

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has reported net income of $3.0 million and net income attributed to common stockholders of $1.5 million for the first quarter of 2019, including a $4.8 million impairment loss. This compares to a net loss of $3.1 million and net loss...

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Britannia first P&I Club member of MACN

(Posted on 14/05/19)

Britannia has become the first P&I Club to be accepted as a member of the Maritime Anti-Corruption Network (MACN).Established in 2011 by a group of maritime companies committed to eradicating the industry of all forms of corruption, MACN has grown into a global business network of over 100 members, representing a sizeable percentage...

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Acquisition of Videotel and Seagull

(Posted on 14/05/19)

Oakley Capital Investments Limited has announced that Oakley Capital IV2 has partnered with the management teams of SG MidCo AS (“Seagull”), and Videotel Marine Asia Limited and Super Dragon Limited, to acquire majority stakes in the businesses from their current shareholders Herkules Private Equity Fund IV and KVH Industries...

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Clipper Bulk cuts jobs amid downturn

Clipper Bulk cuts jobs amid downturn

(Posted on 08/05/19)

Clipper Bulk A/S, a global operator of Handysize and Supramax vessels, has announced a series of initiatives to strengthen its business platform amid continued weak markets. Initiatives include agreements to strengthen the company’s financial position, downsizing of organization and office network, other cost savings, changes...

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AXSMarine and exactEarth agreement

(Posted on 08/05/19)

AXSMarine has concluded an agreement with exactEarth for a highly improved satellite AIS coverage with the addition of exactView RT powered by Harris. This is adding a high volume of Real Time AIS data collected via 60+ payloads aboard the Iridium NEXT satellites constellation.Representing a brand-new capability for the global maritime...

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Westgarth to lead V.Group

(Posted on 08/05/19)

V.Group, a leading global provider of ship management and marine support services, has announced the appointment of Graham Westgarth as Chief Executive Officer. Graham has served on V.Group’s board since September 2018 and will take over from Ian El-Mokadem who has informed the Board of his desire to leave the company.Graham...

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