Identifying organisms and microbes in ballast water, as well as monitoring port marine life where ballast water may be released, are key for countries preparing to enforce International Maritime Organization (IMO)'s Ballast Water Management Convention.
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Total Acquires Direct Energie
Total and Direct Energie announce the completion of the acquisition today by Total of 73.04% of the share capital of Direct Energie, for 42 euros per share, representing approximately 1.4 billion euros. This acquisition, which is subsequent…
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IMO’s Maritime Security Work Presented at Nigeria Law Conference
International Maritime Organization (IMO)'s mandate on piracy and armed robbery against ships broader maritime security measures has been presented at the International Maritime Seminar for Judges held in Abuja, Nigeria (3-5 July). Gisela Vieira…
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Sinovel Fined for AMSC Trade Secret Theft
A U.S. judge ordered Sinovel Wind Group Co Ltd, a Chinese wind turbine maker, to pay a $1.5 million fine after the company was convicted and charged for stealing trade secrets from Massachusetts-based AMSC. U.S. District Judge James Peterson in Madison…
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U.S.-China Trade Battle Heats Up
Dueling tariffs raise fears of long A U.S.-China trade fight resulting in duties on $34 billion worth of each other's imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign…
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Port of Beaumont Purchases Former CB&I Property
On July 3, 2018, the Port of Beaumont formalized the purchase of the former Chicago Bridge & Iron fabrication facility located at 850 Pine Street, Beaumont, Texas for $8.25 million. To facilitate the growth of the property, the Port of Beaumont…
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Kooiman, Group de Cloedt Deliver Trailer Suction Hopper Dredger
On June 30, 2018, a trailer suction hopper dredger DC Brugge was delivered to Scheepswerf Gebr. Kooiman B.V. in Zwijndrecht. DC Brugge is the result of close cooperation between Group de Cloedt and Kooiman Marine Group. With the DC Brugge, Group de Clo...
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Baltic Index Higher on Demand for Larger Vessels
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, inched up on Friday, helped by higher demand for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax and...
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Mitsubishi Shipbuilding Holds Christening for Next-Gen LNG Carrier
Mitsubishi Shipbuilding held the christening ceremony for a next-generation LNG (liquefied natural gas) carrier under construction for a joint venture of Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line). The ship, named "Diamond Gas ...
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Cavotec Supports Sustainable Development of China’s Cruise Sector
A battery-powered AMPMobile unit connects a ship to shore power at Shenzhen cruise terminal. As ports, shipping lines, and authorities in China strive to reduce emissions from shipping, our innovative shore power technologies are playing a key role in ...
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