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Monthly Archives: August 2017

MTU 4000 Engines to Power Harbor Tugs

Rolls-Royce and Sanmar Shipyards in Turkey have signed a contract for the delivery of eight MTU Series 4000 engines for four new terminal tugs, including an option for a further four engines. The tugs will each be fitted with two 16V 4000 M73L MTU engines…
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Iran: Drones Near U.S. Warships are Safe

Iran's powerful Islamic Revolutionary Guards Corps (IRGC) rejected U.S. criticism that it flew a drone unsafely near a U.S. aircraft carrier in the Gulf and it defended its right to carry out air patrol missions in the area. On Monday the U.S.
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Boskalis Acquires Subsea Survey Firm Gardline

Netherlands based Royal Boskalis Westminster N.V. said it has acquired all shares of the U.K. based Gardline Group, a firm specializing in marine geophysical surveys, offshore geotechnical services and environmental surveys. The consideration…
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Stronger Capesize, Panamax Rates Lift Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose over 1 percent on Tuesday on improving demand for capesize and panamax vessels. The overall index, which factors in rates for capesize…
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DSME Bounces Back with USD 1 Bln Profit in Q2

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co (DSME) said that its net profit reached 1.26 trillion won (USD1.1 billion) in the April-June period. According to a report in Yonhap, it posted a profit for the second straight quarter in the second quarter…
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