The world's No. 2 container shipping line MSC said on Wednesday it would stop taking new bookings for Iran due to the decision by the United States to re-impose sanctions on Tehran after withdrawing from the international nuclear deal. In a note to cli...
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Borr Drilling to Buy Five Jack-up Rigs for $720 Mln
Norway's Borr Drilling plans to buy five new jack-up oil drilling rigs from an Asian shipyard for a total of $720 million, the company said on Tuesday.The company, founded by Norwegian investor Tor Olav Troeim and backed by oil service firm Schlumberge...
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New Online Tool Aids 2020 Sulfur Compliance
The new ‘Sulfur 2020 – Options Evaluator’ from Lloyd’s Register (LR) aims to help the industry identify the best strategy for compliance with the global sulfur in fuel oil limit of 0.50 percent m/m, which comes into effect on January 1, 2020.According ...
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Bahri Chooses Digital Strategic Partner
Saudi Arabia based Bahri Group, one of the largest ship owners in the Middle East and the largest owner of very large crude carriers (VLCC) in the world, has opted for digital solutions from Singapore based MariApps Marine Solutions to help meet its sh...
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Keel Laid for Future USS Daniel Inouye
On Monday, May 14, shipbuilder General Dynamics Bath Iron Works held a keel laying ceremony for the U.S. Navy’s future USS Daniel Inouye (DDG 118). The $642.5 million Arleigh Burke-class destroyer DDG 118 has been under construction since October 2014 ...
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Financiers Turning the Tide on Shipbreaking Practices
The shipping industry has long been criticised by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clout - its fi...
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Statoil to Become Equinor, Dropping ‘Oil’
Shareholders in Norway's largest company, Statoil, will approve on Tuesday the board's proposal to drop "oil" from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels' impact on climate change.From Wedn...
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Master Marine Delivers Towboat to Waterfront Services
Alabama shipbuilder Master Marine has delivered Sam P. Hise, the third towboat in a series of four newbuilds for Illinois-based inland operator Waterfront Services Co.The 67’ x 28’ boat is set up with 10,400 gallons of fuel, 4,359 gallons of potable wa...
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Torm Stops Taking Orders in Iran Due to US Sanctions
Danish oil product tanker operator Torm on Tuesday said it has stopped taking new orders in Iran as a consequence of U.S. plans to reimpose sanctions on Tehran."We follow the situation closely and always follow the rules. Therefore, we have also stoppe...
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Angola LNG Ramps Up Exports ahead of Maintenance
Angola's sole liquefied natural gas (LNG) project is stepping up exports of cargoes in the spot market ahead of maintenance, three industry sources said on Tuesday.The plant has issued several tenders in the spot market for LNG cargoes to load in May a...
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