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Grande America incident

grande americaMediTelegraphWEBThe Grimaldi Group sadly announces that its RoRo container vessel, Grande America, who caught fire the night of March 10/11 in the Bay of Biscay has sunk this afternoon. We are pleased to confirm that there was no loss of life or injury among the 26 crew and one passenger who had left the vessel in the early hours of March 11 and were picked up by HMS Argyll and taken to Brest, where all are safe and sound.

Golden Award to Attica Group at the GREEK HOSPITALITY AWARDS 2019

0ATTICA GROUPAttica Group, the parent company of Superfast Ferries, Blue Star Ferries and Hellenic Seaways, is pleased to announce the Golden Award received at the GREEK HOSPITALITY AWARDS 2019 organized by ETHOS MEDIA.

American Club reports strong tonnage and premium gains over 2019 P&I renewal period

0The American Club logoThe American Club experienced a very positive outcome to the recently-concluded 2019 P&I renewal season. The Club’s mutual P&I and FD&D business saw increases in both tonnage and revenue, while the Club’s fixed premium facility, Eagle Ocean Marine (EOM), recorded a significant rise in year-on-year income. There was also good news on the claims and investment fronts.

probunkers invites proposals for building 7 LNG Bunkering Vessels

0probunkers photo2probunkers, the new and fast growing company that brings the future of bunkering today, is taking one more step towards the implementation of its ambitious LNG Bunkering project by inviting stakeholders’ proposals for the design of the company’s LNG Bunkering Vessels (LNGBVs).

The key trends and current challenges for the shipping industry and their impact to the shipping finance teams were presented during the “The PwC Annual Shipping Industry Finance Update”

PwCKey trends and hot topics in the shipping industry were presented by PwC Greece in the “The PwC Annual Shipping Industry Finance Update” event.

DP World PLC announces the acquisition of the holding company of P&O Ferries

PO FerriesDP World PLC announces the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for a purchase consideration of GBP322mn (USD421mn¹), implying a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x.

The London P&I Club News Alert: US Sanctions - Venezuela oil sector and PDVSA

london pI clubThe US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has added Venezuela’s State-owned oil company, Petroleos de Venezuela SA (“PdVSA”) to the SDN list as of Monday 28 January 2019 – a copy of the press release is available here. This is pursuant to Executive Order 13850 which mandates that persons operating in the oil sector of the Venezuelan economy may be subject to sanctions

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