Chairman of the Federal Maritime Commission (FMC) in the USA, Mario Cordero, visited the Danish Maritime Authority today in connection with his participation in Danish Maritime Days. The Chairman of the FMC paid a courtesy visit to Director General of ...
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SpaceX says rocket accident probe focusing on fueling system flaw
CAPE CANAVERAL, Fla. (Reuters) - SpaceX said on Friday a fueling system problem is the most likely cause of a Sept. 1 launch pad explosion that destroyed a Falcon 9 rocket, a finding that takes the company a step closer to resuming flights that were gr...
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Paragon Offshore Eyes Options after Court Denies Bankruptcy Plan
Paragon Offshore Plc said on Friday it was evaluating its options after a U.S. judge rejected the offshore rig contractor's plan to exit bankruptcy, an unusual setback for a corporate Chapter 11 proceeding. In an oral ruling in U.S. Bankruptcy Court in the District of Delaware…
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Philippines Says Chinese Vessels Have Left Disputed Shoal
Chinese ships are no longer at the disputed Scarborough Shoal in the South China Sea and Philippine boats can resume fishing, the Philippine defence minister said on Friday, calling the Chinese departure a "welcome development". Philippine fishermen…
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LNG Prices Rise as South Korea to Wrap Up Major Tender Award
Asian spot liquefied natural gas (LNG) prices rose this week as strong expected demand from South Korea added to appetite from India and Taiwan, while supply from the United States was slow to return from maintenance. The price of LNG for December…
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Concordia Maritime Sells Tanker Stena Supreme
Concordia Maritim said is selling the Suezmax tanker Stena Supreme as part of a sale and leaseback transaction, which in this case means that Stena Supreme will be chartered back on a bareboat basis for 12 years, with annual purchase options from year three onwards.
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Hvid to Take Over as Teekay President and CEO
Teekay Corporation’s board of directors has elected Kenneth Hvid to succeed current president and CEO, Peter Evensen, who will retire January 31, 2017 after more than 13 years with the company. Hvid is presently serving as president and CEO of Teekay Offshore Group Ltd.
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New Plan Pledges Ferry Safety Lead
Interferry has unveiled a strategic plan promising to put safety issues at the heart of its work as the voice of the worldwide ferry industry. The pledge came at the global trade association’s 41st annual conference in Manila – a venue chosen…
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Tuna Vessel Operator Convicted on Pollution Charges
An American tuna fishing company that regularly unloaded its catch in American Samoa, was convicted and sentenced today for discharging oil into the South Pacific and for maintaining false records, announced Assistant Attorney General John C.
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Port of Houston Expecting Record Cargo Year
“We fully expect to top last year’s container volume with another record year in 2016,” said Roger Guenther, Port of Houston Authority Executive Director, speaking to the Port Commission during its latest meeting. The Houston Port Authority…
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