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Yearly Archives: 2017

Samsung Heavy Trims Operating Loss for 2016

Samsung Heavy Industries (SHI), South Korea's second largest shipbuilder,  has managed to reduce its operating loss by around 90 percent due to a stabilization in shipbuilding and offshore construction. SHI ended the year with an operating loss of KRW 147.2 million (USD 126…
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Navios Maritime Midstream Posts 4Q Profit

Maritime Midstream Partners LP (NAP), an owner and operator of tanker vessels, has reported fourth-quarter earnings of $6 million. On a per-share basis, the company has a net income of 28 cents. The operator of contracted crude oil tankers posted reven...
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Diana Shipping Signs Contracts with Cargill, Noble

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels,  announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva.
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Maritime Energy Management in the Spotlight

International Maritime Organization (IMO)'s global energy efficiency rules are key to a sustainable future for shipping. This was the message from IMO Secretary-General Kitack Lim to the MARENER 2017 conference on maritime energy management…
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Korea’s Seaport Cargo Grows

The volume of cargo processed at South Korea's seaports reached a record high last year despite a global economic slump and the collapse of the country's leading shipper, Korea Herals quoted the government as saying. Cargo handled at seaports across the nation totaled 1.5 billion tons in 2016…
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