U.S. midstream oil firm Buckeye Partners and commodities trader Trafigura said on Thursday that modifications to their terminal in Texas to accommodate large tankers were completed and the first shipment of crude on a Suezmax tanker took place.
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SCF Secures Funds for Six Aframax Tankers
PAO Sovcomflot (SCF Group) informed that it has signed a new $252 million 7-year credit facility with a consortium of six leading international banks, which includes: ABN AMRO Bank; BNP Paribas; Citibank; ING Bank; KfW IPEX-Bank, and Société Générale.
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Austal bags $10m US Navy Contract
Austal announced the United States Department of Defense has awarded Austal USA US$10,252,142 for a cost-plus-award fee against a previously awarded Basic Ordering Agreement. The order provides engineering and management services for advanced…
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LNG Ships: Two DSME Orders for GTT
GTT announces it has received at the end of March, an order from the South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) for the design of the LNG tanks of two LNG carriers (LNGC). Each offering a capacity of 173,400m3, these units ...
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Statoil Signs $1.4bn LOI for Johan Sverdrup Phase 2 Project
Norwegian firm Statoil has signed letters of intent, with an estimated total value of over NOK11bn ($1.4bn), with Aibel and Aker Solutions-Kværner joint venture for the Johan Sverdrup phase 2 project on the Norwegian continental shelf. "Statoil…
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At the center of our galaxy, there’s a black hole party
WASHINGTON (Reuters) - Black holes are hanging out at the center of our galaxy by the thousands, according to scientists who have detected a bunch of them in the neighborhood of a supermassive black hole already known to reside at the heart of the Milk...
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Second Japanese Shipping Firm Admits to Cartel Conduct
Cartel conduct in cars transported to Australia from 2009-12-ACCC; Nippon Yusen was fined $20 mln in 2017 over cartel conduct. Kawasaki Kisen Kaisha (K-Line) has pleaded guilty to criminal cartel conduct in the transport of vehicles, Australia's compet...
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Norway Pushes IMO to Halve Shipping Emissions by 2050
Global shipping should set a goal of halving greenhouse gas emissions by 2050, Norway's government and shipowners' association said on Thursday before talks by the International Maritime Organization (IMO) in London next week. Norway's fleet is worth a...
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Four Bunker Barges Seized in Singapore over Unpaid Debt
Singapore law firm asks for vessels to be arrested; bunker barges owned by Vermont UM Shipping. Four marine refuelling barges owned and operated by Vermont UM Shipping Pte Ltd were seized in Singapore on Monday night, according to the website of Singap...
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Indonesia Blames Coal Ship for Spill
A coal ship that dropped anchor off the coast of the Indonesian port city of Balikpapan on Borneo island was likely to blame for an oil spill, after dragging a pipeline more than 100 metres and causing it to crack, an energy ministry official said.
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