India's largest port developer Adani Ports and Special Economic Zone (APSEZ) has agreed to pick up 97% stake in Marine Infrastructure Developer (MIDPL) from Larsen & Toubro at an enterprise value of Rs 1,950 crore ($284 million). According to a press r...
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DP World Plans Logistics Facility in Ethiopia
Dubai-based ports operator DP World has revealed plans to set up a logistics facility in landlocked Ethiopia, a move that comes as the company is developing a port in neighboring Somaliland. A reuters report quoting the United Arab Emirates state news ...
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CargoMate Close Seed Investment Round
Shipping technology startup CargoMate has closed a GBP 500,000 seed investment round. The investment allows the company to continue the development of their port call optimisation platform for container ships and expand the number of shipping companies...
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Slow, Steady Vessels Lower Operating Costs
The Swedish Club warns that vessel operators should always look to the long term, when specifying the type of engines to be installed across the fleet. Latest statistics from the Club show that vessels propelled by medium/high speed engines…
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California Incentivises Ships That Slow Down
In an effort to protect whales and cut ship emissions, California continues its Protecting Blue Whales and Blue Skies Program and establishes voluntary vessel speed reduction zones in the Santa Barbara Channel region and San Francisco Bay area between ...
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Ocean Rig Postpones SHI Drillship Delivery Till 2020
International offshore drilling contractor Ocean Rig UDW Inc. and South Korean yard Samsung Heavy Industries (SHI) have agreed to postpone the delivery of the newbuild drillship Ocean Rig Crete to September 2020. "Our subsidiary, that is party…
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Samsung Heavy Industries Bags Two Special-Purpose Ships Order
South Korea’s shipbuilder Samsung Heavy Industries (SHI) has received a contract to construct two special-purpose ships for an unnamed European company. According Yonhap, the deal has a value of around KRW 266.1 billion (USD 240 million). The…
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Future Frigates to Provide Shipbuilding Jobs: Aus Govt
Thousands of jobs will be created in South Australia as a result of the Malcolm Turnbull Government’s announcement that Australia’s nine Future Frigates will be designed by BAE and built by ASC Shipbuilding, says South Australian Liberal Government....
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