Increasing vessel supply will keep LNG charter rates under pressure in 2018, despite strong growth in trade, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry. Drewry’s short-term outlook…
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Driving the Digital Ecosystem
As one of the most important megatrends this decade, digitalization is already moving beyond the concept of connectivity and data gathering towards a greater and more integrated future where the entire industry coexists as one digital ecosystem.
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Polaris Commences Icebreaking in Bothnian Bay
Liquefied natural gas (LNG) powered icebreaker Polaris has left its home base in Helsinki on Tuesday to become the third Finnish icebreaker active in this year’s icebreaking season. The nearly 110-meter-long Polaris is the world’s first LNG powered ice...
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Mexico’s Oil Reform a Boon for Hard-hit Oil Service, Seismic Firms
Oil service and mapping firms still emerging from an industry recession have received a boost from about $800 million of data sales to energy firms considering bidding for Mexican oil and gas blocks. Mexico will on Wednesday hold its most important…
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Alaska Requests Limits on US Offshore Drilling
Alaska Governor Bill Walker said on Tuesday he has asked U.S. Interior Secretary Ryan Zinke to pare back a Trump administration plan for oil and gas leasing off the state's coast. While Walker supports offshore oil development, he said the Interior…
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Fossil of school bus-sized dinosaur dug up in Egyptian desert
WASHINGTON (Reuters) - Scientists have unearthed in a Sahara Desert oasis in Egypt fossils of a long-necked, four-legged, school bus-sized dinosaur that lived roughly 80 million years ago, a discovery that sheds light on a mysterious time period in the...
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Heavenly show to feature trifecta of super blue moon, eclipse
WASHINGTON (Reuters) - The moon will stage a rare triple show on Wednesday when a blue super moon combines with a total lunar eclipse that will be visible from western North America to eastern Asia, U.S. astronomers say.
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Hyundai Heavy Bags Canadian Facility Order
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has won a design contract worth about $500 million for a liquefaction unit to be used for Steelhead LNG’s Kwispaa LNG export project in Canada’s British Columbia, reported Yonhap.
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Port of Amsterdam, Titan LNG Contract for FlexFueler001
Port of Amsterdam and Titan LNG have signed a long-term contract for the “home” location of Titan’s bunkering pontoon: the FlexFueler001. This pontoon will be the first of its kind in Europe providing easy, affordable and safe LNG bunkering services of...
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Dagestan Ferry Passes Sea Trials
The ferry vessel "Dagestan", which was lifted up for repair in the “Zigh” ship repair and construction yard of Azerbaijani Caspian Shipping Company has successfully passed sea trials. No malfunctions were revealed during the trials at a speed of 16 kno...
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