OSLO (Reuters) - Scientists searching for everything from oil and gas to copper and gold are adopting techniques used by companies such as Netflix or Amazon to sift through vast amounts of data, a study showed on Tuesday.
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Caterpillar CFO to Retire in 2018
Caterpillar Inc. will begin its global, external search for a new chief financial officer after it announced that group president and CFO Brad Halverson has elected to retire in early 2018, concluding a career spanning more than three decades with the ...
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Tidewater Emerges from Chapter 11 Bankruptcy
New Orleans-based Tidewater Inc and its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing its reorganization pursuant to the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Tidewater…
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LPG Shipping Faces Rough Weather
After reaching record levels during the first four months of 2017, U.S. LPG export cargoes have seen a number of cancellations or deferments in June and July, said Dorian LPG in a press statement. Steady domestic demand has kept U.S. propane prices firm and…
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Nimitz Carrier Strike Group in Arabian Gulf
The Nimitz Carrier Strike Group (CSG) is carrying out strike sorties from the Arabian Gulf in support of Operation Inherent Resolve (OIR). The first aircraft launched from USS Nimitz (CVN 68) was an F/A-18E Super Hornet assigned to the "Argonauts" of S...
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Bunker Industry Prepares for Sulphur Limit in Ship Fuel
An audience of ship owners, fuel suppliers, traders and maritime technology providers attending the IBC Asia Bunkering conference in Singapore has heard about International Maritime Organization (IMO)’s latest work on low carbon shipping and air pollution control.
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Oceanteam Bags Cable Transport Gig
Oceanteam Solutions has signed a contract with a European cable manufacturer regarding the supply of a transport vessel, turntable and auxiliary equipment for the transport of cables from South Europe to Scandinavia. The project is planned to be execut...
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Chinese Port Operators Optimistic of Future
The outlook for global container port demand growth is now more optimistic and Chinese players are on the acquisition trail in an aggressive and highly confident manner, said a report from Drewry. Major M&A deals are changing the landscape, with more to come…
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Global Ship Lease Reports Q2 Profit
The London-based Global Ship Lease (GSL) on Monday reported second-quarter profit of $7.6 million. The containership owner posted revenue of $40.3 million in the period. Ian Webber, Chief Executive Officer of Global Ship Lease, stated, "During the second quarter of 2017…
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Eighteen More Ferry Terminals in India
Eighteen ferry terminals are to be constructed in six Indian cities of Varanasi, Patna, Munger, Bhagalpur, Kolkata and Haldia on the National Waterways-I under the Jal Marg Vikas Project (JMVP) . The Inland Waterways Authority of India (IWAI)…
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