At present, several icebergs are drifting out of the Arctic Ocean and into the North Atlantic. This natural phenomenon occurs each year in the period roughly stretching between April and August. During this season, these massive chunks of ice cross the...
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Norwegian, Alibaba Partner in Chinese Cruise Market
Norwegian Cruise Line Holdings Ltd. said it has partnered with online and mobile commerce company Alibaba Group for its entry into the Chinese cruise shipping market. Alibaba operates the world’s largest online and mobile marketplaces, offering…
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India calls satellite ‘gift to South Asia’, Pakistan says no thanks
NEW DELHI (Reuters) - India launched a communications satellite on Friday for its smaller neighbors to share, part of its efforts to build goodwill in the region and counter Chinese influence, but arch-rival Pakistan said it would stay away from the pr...
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New Container Facility at DP World London Gateway
A new off-dock empty container storage yard is to be opened at DP World London Gateway Port. The five acre yard will be operated and managed by Solent Stevedores, an award-winning stevedoring company with a broad range of bulk and general cargo handling and storage services at ports in Southampton…
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CMA CGM Rolls Out New Mobile App!
CMA CGM Group is launching a new version of its mobile application, overhauled with new features that will allow customers to track shipments, provide access to all line schedules and company news. It is now also available on tablets operating on Andro...
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The Shipowners’ Club Bounce Back to Black
The Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has reported resilient results for the year ending 31 December 2016. The Club has reported a combined ratio of 98.6%, an increase in gross tonnage of 0.8m to 25.4m and an overall surplus of US$ 14.7m…
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ABS, DSME Pact on Novel FLNG Concept
ABS signed an agreement with Daewoo Shipbuilding and Marine Engineering Co. (DSME) to support safety and apply class guidance to a conceptual Floating Liquefied Natural Gas (FLNG) unit. “We are pleased to sign this agreement and work with DSME…
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Inmarsat Fleet Xpress Passes 10,000 Ship Milestone
Satellite communications services provider Inmarsat says that "in an extraordinary level of service uptake surpassing expectations," its Fleet Xpress service has secured commitments covering in excess of 10,000 ships within 12 months of launch.
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MOL Group Q1 Shows Robust Earnings Growth
MOL Group announced its financial results for Q1 2017 in which all business segments – Upstream, Downstream, Consumer Services, Gas Midstream – managed to increase their contributions compared with the same period of the previous year. Upstream…
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d’Amico Bullish on Product Tankers
d'Amico International Shipping believes that the supply-demand balance in the product tanker freight market is improving. The key drivers that should affect the product tanker freight markets are (i) global oil supply (ii) the crude oil price…
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