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Frontline CEO calls for more M&A among oil tanker firms

9:33am EST

Nov 22 (Reuters) - Frontline Ltd CEO Robert Hvide Macleod said during a call with analysts on Wednesday::Sees oil tanker market recovering in the second half of 2018, depending on the pace of old vessel scrapping.Oil tanker market needs more consolidation, the market is too fragmented now.

Frontline expects near-term pressure on rates due to fleet growth

8:42am EST

Nov 22 (Reuters) - Tanker firm Frontline Ltd : :Frontline expects near-term pressure on rates due to fleet growth.Tanker firm frontline says global year-to-date delivery of new vlccs (very large crude carriers) from yards to shipping firms stands at 44 units, ytd suezmax deliveries at 48 units.Frontline says global vessel delivery pace expected to slow towards the end of the year before picking up again in q1 2018.Frontline expects tanker industry's scrapping of old vessels to increase going forward as spot market remains especially challenging for older tonnage.

Ship Finance International reports preliminary Q3 earnings per share of $0.31‍​

7:00am EST

Nov 22 (Reuters) - Ship Finance International Ltd :SFL - third quarter 2017 results.Ship Finance International Ltd - preliminary earnings per share for Q3 $0.31‍​.Ship Finance International - preliminary ‍total charter revenues for three months ended Sept 30 $150 million​ versus $150 million for three months ended June 30.

BRIEF-Frontline Q3 net loss $24.1‍​ million

2:30am EST

Adds missing word "million" in second bullet point; attaches story to alerts:Frontline q3 net loss $‍24.1​ million (reuters poll loss $26.2 million).Frontline q3 operating loss $‍​5.4 million (reuters poll loss $9.2 million).Says loss is primarily due to weak average spot daily time charter equivalent ("TCE") earnings achieved by its fleet and a $5.8 million loss on the termination of the charter of Front Ardenne..‍Says impact of significant fleet growth over last two years was felt across industry and is reflected in results for q3​.Due to the net loss attributable to the company in the third quarter, the board has decided not to pay a dividend for the third quarter. ‍​.Says we are at the bottom of the cycle, and this is reflected in rates and asset prices‍​.Says will continue to execute strategy of fleet growth and renewal.

Frontline Q3 net loss $24.1‍​ million

2:30am EST

Nov 22 (Reuters) - Frontline Ltd :Frontline q3 net loss $‍24.1​ million (reuters poll loss $26.2 million).Frontline q3 operating loss $‍​5.4 million (reuters poll loss $9.2).Says loss is primarily due to weak average spot daily time charter equivalent ("TCE") earnings achieved by its fleet and a $5.8 million loss on the termination of the charter of Front Ardenne..‍Says impact of significant fleet growth over last two years was felt across industry and is reflected in results for q3​.Due to the net loss attributable to the company in the third quarter, the board has decided not to pay a dividend for the third quarter. ‍​.Says we are at the bottom of the cycle, and this is reflected in rates and asset prices‍​.Says will continue to execute strategy of fleet growth and renewal.

Hoegh LNG Holdings: Main owner Leif Höegh & co. Ltd. buys 250,000

1:34am EST

Nov 22 (Reuters) - Hoegh Lng Holdings Ltd :‍Leif Höegh & co. Ltd. ("LHC"), a primary insider of Höegh Lng, purchased 250,000 common shares in company on 21 November 2017 for a price of nok 63.375 per share.Following the above transaction, Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh is a primary beneficiary, holds a total of 32,479,953 shares, representing 42.0 pct of the shares in the Company and 311,591 common units in Höegh LNG Partners LP ("HMLP")​.

Hoegh LNG Holdings: Main owner Leif Höegh & co. Ltd. buys 250,000

1:34am EST

Nov 22 (Reuters) - Hoegh Lng Holdings Ltd :‍Leif Höegh & co. Ltd. ("LHC"), a primary insider of Höegh Lng, purchased 250,000 common shares in company on 21 November 2017 for a price of nok 63.375 per share.Following the above transaction, Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh is a primary beneficiary, holds a total of 32,479,953 shares, representing 42.0 pct of the shares in the Company and 311,591 common units in Höegh LNG Partners LP ("HMLP")​.

Baupost sold 200,000 Hoegh LNG shares on behalf of clients

Tuesday, 21 Nov 2017 09:07am EST

Nov 21 (Reuters) - Hoegh LNG Holdings Ltd :‍baupost group sold 200,000 shares in hoegh lng holdings ltd on behalf of several clients​.‍baupost acts as discretionary investment adviser to its clients, and is authorized to exercise voting rights attached to shares under management on a discretionary basis.Following the transaction, the aggregate shareholding in HLNG over which Baupost is authorized to exercise voting rights on a discretionary basis is below 5 pct​.

Hoegh LNG: Primary insider buys 250,000 shares in company at NOK 61.75 per share​

Tuesday, 21 Nov 2017 01:31am EST

Nov 21 (Reuters) - Hoegh Lng Holdings Ltd :‍Leif Höegh & Co. ltd, a primary insider of Höegh LNG, purchased 250,000 common shares in company on 20 november 2017 for a price of nok 61.75 per share.Following the above transaction, Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh is the primary beneficiary, holds a total of 32,229,953 shares, representing 41.7% of the shares in the Company and 311,591 common units in Höegh LNG Partners LP.​.

Canada energy minister: Keystone has secured all required approvals

Monday, 20 Nov 2017 12:31pm EST

Nov 20 (Reuters) - Transcanada Corp :Canada energy minister says with Nebraska decision, Keystone XL pipeline "has now secured all the required approvals in both Canada and the U.S".Canada energy minister says Keystone XL project "bolsters North American energy security and economic competitiveness".Canada energy minister says Nebraska Keystone approval will result in jobs on both sides of Canada–U.S. border.

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