Singapore’s Pacific International Lines (PIL), port operator PSA International, and technology giant IBM Singapore have concluded a successful blockchain trial, having signed a memorandum of understanding in August 2017. Following the signing of the MO...
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Huntington Ingalls Shipbuilder Nears Completion of Future JFK Aircraft Carrier
Huntington Ingalls Industries announced that its Newport News Shipbuilding division has built 70 percent of the structures necessary to complete the nuclear-powered aircraft carrier John F. Kennedy (CVN 79). Like its predecessor, the first-in-class USS...
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GE Transportation to Supply Freight Locomotives to Ukraine in USD 1bln Deal
GE Transportation signed a $1 billion framework agreement in Ukraine, marking a major milestone in the country’s efforts to modernize its transportation infrastructure and strengthen its position as a key European rail hub and trade corridor.
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Nordic American Tankers Signs TC with Major Oil Firms
In the autumn of 2017, Nordic American Tankers (NAT) advised you of our time charter activities/contracts with oil companies such as Shell, BP, ExxonMobil and other major oil companies in the West and in the East. The contract with ExxonMobil…
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France Ratifies Fishing Vessel Safety Treaty
Efforts to increase global fishing vessel safety have received a boost with France becoming the ninth State to ratify International Maritime Organization (IMO)'s Cape Town Agreement. The treaty covers various important safety requirements including rad...
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All Aboard for Hedge Funds as Trade Tide Lifts Shipping
Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are transported by sea and global shipping sectors…
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IMO Rules a Cliffhanger for Oil Storage -Vitol’s Chris Bake
Vitol executive committee member Chris Bake says a big question facing oil storage sector is how world handles new International Maritime Organisation rules for cleaner shipping. New IMO rules to slash the use of high sulphur fuel oil in global shippin...
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Norway to spend $13 million to upgrade ‘doomsday’ Arctic seed vault
OSLO (Reuters) - Norway plans to spend 100 million Norwegian crowns ($13 million) to upgrade a doomsday seed vault on an Arctic island built 10 years ago to protect the world's food supplies, the government said on Friday.
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Japanese scientists invent floating ‘firefly’ light
TOKYO (Reuters) - Japanese engineering researchers say they have created a tiny electronic light the size of a firefly which rides waves of ultrasound, and could eventually figure in applications ranging from moving displays to projection mapping.
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World’s last remaining wild horses aren’t really wild after all
WASHINGTON (Reuters) - It may come as a disappointment to equine enthusiasts, but a new genetic study has found that no truly wild horses still exist and that a population inhabiting Mongolian grasslands actually is a feral descendant of the earliest-k...
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