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Eagle Bulk Shipping Inc. Closes on USD 22.6 Million Term Facility Increase

Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the Supramax / Ultramax segment, today announced that Eagle Bulk Ultraco LLC, a wholly-owned subsidiary of the Company, closed on a USD 22.6 million incremental term loan under its existing five-year senior secured term loan facility, which bears an interest rate of LIBOR plus …

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Nexans Aurora arrives in Norway

Cable laying vessel (CLV) Nexans Aurora has arrived at Ulstein Verft in Norway, where outfitting work will be carried out. Source: Hagen/ Ulstein Nexans Aurora began its trip to Norway from the CRIST shipyard in Poland a few days ago. The hull will now be towed into the dock hall at Ulstein Verft before activities …

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Aqua Vision teams up with Stema Systems

Dutch oceanographic consultancy Aqua Vision, has entered into partnership with geophysical sub-bottom specialist compatriot Stema Systems. Specifically, this partnership aims to provide a complete service package in sea floor and the water column understanding and investigation. “The driving force behind this collaboration is an exceptional passion for research and analysis of the water ways resulting …

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RINA performs world’s 1st statutory and class surveys through live streaming remote technologies

Italian classification society RINA has carried out what it claims to be the world’s first statutory and associated class intermediate surveys with the use of remote technologies on the bulk carrier Cielo di Gaspesie, owned by the d’Amico Group. On completion, the Liberian International Ship & Corporate Registry (LISCR), who attended the survey remotely, authorized RINA to certify the Cielo …

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U.S. targets Iran-Venezuela trade, tanker market suffers a blow

The Trump administration is considering new sanctions on reportedly 50 oil tankers for working with Venezuela, in order to prevent the trade between Iran and the Latin American country. Earlier this week, a U.S. official told Bloomberg that the sanctions were intended to avoid a U.S. military confrontation with other countries (indicating Iran and Venezuela). …

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