Cash-strapped Norwegian survey player Electromagnetic Geoservices (EMGS) has launched a refinancing exercise as the geophysical services company seeks to alleviate a liquidity squeeze. An independent board of directors of EMGS in cooperation with the c...
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SolstadFarstad Bags Statoil Contract
Statoil ASA has awarded SolstadFarstad (SOFF) a contract for Platform Supply Vessel (PSV) Normand Fortune (2013, VS 485 MK III Design). The contract for Normand Fortune will commence in May 2018 for a period of 4 months firm with further 3x2 months opt...
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Port of Gothenburg Enhance Efficiency Through Digitalisation
The Port of Gothenburg has implemented what has amounted to a major surge in automation, governing large-scale pumping between terminals and refineries. The new system will ensure the terminals receive rapid, concise notification about when pumping can...
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Truman Strike Group Completes COMPTUEX
The Harry S. Truman Carrier Strike Group (HSTCSG) returned to Naval Station Norfolk after completing their Composite Training Unit Exercise (COMPTUEX) March 1, certifying the strike group ready for deployment. HSTCSG got underway Feb. 1, to…
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Panama Canal Sets New Milestone with 3,000th Neopanamax Transit
Panama Canal announced the transit of its 3,000th Neopanamax vessel, exceeding initial traffic expectations by this date and reaffirming the value and impact its route has had on global maritime trade, said a press release on Friday (March 02).
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Thorco Projects Expanded New Dry Cago Division
Danish shipping company Thorco Projects said that in less than two months after the establishment of its new dry cargo division, it expands and adds more manpower to the team from its offices in both Houston and Rio de Janeiro. At the end of 2017…
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d’Amico Updates on its Fleet
d’Amico International Shipping said that M/T High Challenge, an ‘Eco’ new-building MR product tanker built by Hyundai Mipo Dockyard – South Korea at their Hyundai Vinashin Shipyard – Vietnam, was delivered to the Group last year. d’Amico Tankers als...
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Nakilat, Maran Ventures JV adds two vessels
Nakilat has expanded its joint venture partnership with Greek shipping company Maran Ventures Inc., to include two additional LNG vessels. Maran Nakilat Co. Ltd. was first established in 2005 with four jointly-owned LNG vessels, and was further expande...
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UAE Marine Environment Protection Association launched in Dubai
The Director General of HELMEPA, Dimitris C. Mitsatsos and the Chairman of Dubai Council for Marine & Maritime Industries (DCMMI), Mr. Khamis Juma Buamim, signed the Inaugural Declaration to the formation of UAEMEPA, the United Arab Emirates Marine Env...
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MOL: New Stowage System for Car Carriers
Mitsui O.S.K. Lines, Ltd. introduced an upgraded stowage planning system for car carriers called “MOL-CAPS”. The MOL-CAPS system generates a voyage-by-voyage stowage plan that determines where to stow specific vehicles in consideration of different fac...
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