On Friday (4 May), United Nations Secretary-General António Guterres visited the Headquarters of the International Maritime Organization (IMO), the United Nations specialized agency with responsibility for ship safety, maritime security and prevention ...
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With Eye on Russia, US Navy Reestablishing Its Second Fleet
The United States Navy is re-establishing its Second Fleet, responsible for the northern Atlantic Ocean, nearly seven years after it was disbanded as the Pentagon puts countering Russia at the heart of its military strategy.“Our National Defense…
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Spacecraft for detecting ‘Marsquakes’ set for rare California launch
LOS ANGELES (Reuters) - After decades exploring the surface of Mars, NASA is set for the weekend launch of its first robotic lander dedicated to studying the red planet's deep interior, with instruments to detect planetary seismic rumblings never measu...
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Subsea 7 Withdraws Bid for McDermott
Subsea 7 S.A. announced that it had taken note of McDermott International shareholders' vote in favour of a combination with CB&I. In light of this vote, Subsea 7 confirms that the proposal made to McDermott's Board of Directors on April 17 and publish...
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Allum Holding, Ferncliff Sell Stake in Saga Tankers
Norway-based shipping company Saga Tankers ASA said in a stock exchange announcement that Allum Holding AS and Ferncliff AS have today sold all of their 47,726,655 shares in Saga Tankers, representing approximately 17.9% of the share capital.
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Nordic American Tankers to Sell Tanker Pair
Bermuda-based Nordic American Tankers (NAT) is planning to sell two of its older suezmaxes, thus reducing its fleet size to 31 tanker vessels. NAT described the move as a means of “retaining the flexibility of NAT going forward”. "We expect…
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First LNG Transhipment at Zeebrugge Terminal
For the first time liquefied natural gas from Sabetta on the Siberian peninsula Yamal, was transhipped simultaneously in Zeebrugge from an ice class vessel (ARC7) into a conventional LNG carrier for further transport to Asia on May 01 Tuesday.
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Top Ships Extends Time Charter of M/T Eco Fleet
Top Ships, an international owner and operator of modern, fuel efficient "ECO" tanker vessels focusing on the transportation of petroleum products, announced that it has extended the firm period of the time charter of M/T Eco Fleet with BP Shipping Lim...
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Amsterdam Port Becoming a Smart Global Hub
The growing number of construction projects in the Greater Amsterdam Area has created a need for a smart and efficient method for transporting materials to building sites. In an effort to meet this demand, the City of Amsterdam, Port of Amsterdam…
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BIMCO Sets New Standard with Revised Bunker Contract
BIMCO’s Documentary Committee approved a new set of standard bunker terms, developed by a cross-industry group, in New York on 2 May. The BIMCO Bunker Terms 2018 improve on the previous edition with a maximum limit of the parties’ liabilities…
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