Singapore-headquartered vessel owner AET Tankers - a subsidiary of Malaysia's MISC Berhad - has named and welcomed four newbuild tankers into its fleet in two separate ceremonies at South Korean shipyards. At Samsung Heavy Industries, Geoje…
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MOL Orders for First LNG-Fueled Tugboat
Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed an agreement for the construction of an LNG-fueled tugboat with Kanagawa Dockyard. The construction is slated to start in February 2018 and complete in February 2019. Launching is scheduled f...
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K-Line, NYK Line, Chubu Electric, Toyota Tsusho Eye LNG Bunkering
Kawasaki Kisen Kaisha (K Line), Chubu Electric Power, Toyota Tsusho Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line) have decided to work in the field of liquefied natural gas (LNG) bunkering in Japan. A joint statement that LNG is expected…
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Torm Issues New Shares for USD 100mln
The shipping company Torm has completed the sale of new shares for 100 million dollar, which the company will use for a possible expansion of the fleet. In a notice to the stock exchange, the company states that the directed issue has now been completed.
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Capital Ship Management, Liberty One Form JV
Capital Ship Management Corp. and Liberty One have announced the establishment of a joint venture under the name Capital Liberty Invest, taking aim at the German shipping market. The new entity will combine the forces, excellent track record…
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MOL Ships Surfboards to South Africa
Japanese shipping lines Mitsui O.S.K. Lines (MOL) announced the shipment of 121 surfboards to South Africa under the "Surf for Smile" Project, and a ceremony to mark the delivery of the boards was held in Durban on December 7. The "Surf for…
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DMA Promotes e-Navigation
Co-hosted by The Danish Maritime Authority (DMA) and IALA, the conference ’e-Navigation Underway’ was held for the 8th time. 150 participants from 5 continents joined the hosts on a conference cruise departing from Denmark earlier this week.
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China Reveals “Polar Silk Road” in Arctic
China unveiled its ambitions to develop a "Polar Silk Road" through the Arctic, joining a multinational race to exploit opportunities in the resource-rich region, as the shipping lanes opened up by global warming. China said it would encourage…
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TOTE Places Hawaii Plans on Hold
U.S. ocean carrier TOTE said its plans to enter the domestic Hawaiian trade have been derailed by the scope and timing of infrastructure upgrades that would be required to accommodate the new service. TOTE had been earmarked access to Honolulu…
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Damen Maaskant Scores Twin-rigger Contract
Damen Maaskant Shipyards Stellendam said it has secured another contract to build a twin-rig fly shooting fishing trawler; this time for brothers Rense and Johannes de Boer. This is Damen Maaskant’s second fishing trawler contract in as many months…
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