The diversified BW Group has had an active last year or so including a foray into the dry bulk market with BW Dry, acquiring Aurora Tankers in the gas carriers sector, and a major VLCC deal with DHT Holdings. “For the past 12 months there’s been a lot of progress on most fronts in the group,” Andreas Sohmen-Pao, chairman of BW tells Seatrade Maritime.

First Ship Lease Trust (FSL Trust) has entered into an agreement with Teekay Group to employ an aframax tanker on a revenue sharing agreement (RSA).

Samudera Shipping Line is planning to dispose of six elderly ships including four boxships and two oil tankers, subject to approval from the shareholders.

George Economou’s Dryships has acquired a further six vessels for $268m as it lines up a $226.4m possible share sale to Kalani Investments.

Shell has signed an agreement with Sovcomflot (SCF Group) to supply LNG to fuel the first aframax crude oil tankers in the world to be powered by LNG.

Russia’s largest shipping company PAO Sovcomflot saw profits fall in 2016, and admitted the year had "severely tested the industry". 

The Greek shipping community has long slammed the Athens government for not taking advantage of the potential the maritime industry offers to the struggling Greek economy and the latest overview of the Greek fleet adds weight to the argument.

Somali Pirates have released the hijacked bunker tanker Aris 13 four days after the ship was taken.

Danish owner Nordic Tankers Trading is partnering with V.Group in a new ship management venture based in Copenhagen.

When the subject turns to infrastructure investment in the States and the potential impacts on deepsea and domestic shipping, the booming energy markets are now receiving increased attention.

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