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Monthly Archives: November 2019

K Line, FueLNG Team-up on LNG Bunker

Japanese shipping firm Kawasaki Kisen Kaisha (K Line) has announced that it has concluded a ship management agreement with FueLNG Pte Ltd for a 7500 m3 LNG bunkering vessel (LBV).FueLNG will own and operate the vessel, as well as carry out all commerci...
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Maersk Layoffs Imminent

Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries.The company said it did not know yet how many jobs would go.(Reporting by Nikolaj Skydsgaard and Jacob Gronholt-Pedersen; Editing...
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Turkey Inks Maritime Boundaries Deal with Libya

Libya's internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that could complicate Ankara's disputes over energy exploration with other countries.Turkey, which announced the…
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Rolls-Royce Inks Tug Deal with Svitzer

Rolls-Royce has signed a 10-year service agreement with the global towage and marine services operator  Svitzer covering spare parts deliveries in six countries for a fleet of 17 tugs powered by MTU-brand Series 4000 engines.The agreement –…
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Petronas Names Second FLNG in S. Korea

Malaysian oil and gas company Petronas named its second floating liquefied natural gas (LNG) facility, the PFLNG Dua, in a ceremony in Geoje, South Korea.The floating LNG facility is designed to extract gas from deepwater gas reservoirs in depths up to...
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Indian Charters for CSV Southern Ocean

The construction support vessel (CSV) Southern Ocean, owned by a joint venture between Bourbon Offshore Norway and Oceanteam, has bagged two charters from an undisclosed client on offshore projects located off the East Coast of India.The scope…
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Corvus ESS to Power World’s 1st Hybrid SES

The Norwegian-Canadian designer and manufacturer of energy storage solutions for marine propulsion Corvus Energy announced that it has signed a contract with SEC Marine Ltd, UK to supply the energy storage system (ESS) for the world’s first…
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Orsted Raises $660m Green Finance

Denmark-based energy giant successfully issued green hybrid capital securities for €600m ($660m) to refinance existing securities issued in 2015.The latest issue will have a maturity in 3019 and first call option after eight years, the Danish…
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CMA CGM to Raise $2bn Via Selling Terminal, Ships

French container shipping giant  CMA CGM plans to sell selected port terminals, ships and other assets to raise roughly $2 billion to finance its acquisition of CEVA Logistics, according to Reuters.Chinese state-owned conglomerate China Merchants…
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Training for L. American Maritime Leaders

A regional workshop organized by International Maritime Organization (IMO) has provided senior maritime administration officials in Latin America with the latest information on current and future developments at the Organization.The workshop for the re...
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