The space company of billionaire Microsoft co-founder Paul Allen on Monday unveiled details of medium-lift rockets and a reusable space cargo plane it is developing, injecting more competition into the lucrative launch services market.
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Sweden calls for nuclear reactors to be shielded from hot weather
Sweden's nuclear energy regulator SSM has asked plant operators to produce plans in the coming months to shield their reactors from harmful hot weather, its director told Reuters on Monday.
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Russia says will not deploy arms in space first: Ifax
Russia does not plan to put weapons in space first and considers this to be an important signal that Washington should not ignore, Russia's Deputy Foreign Minister Sergei Ryabkov was quoted as saying by the Interfax news agency on Monday.
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Norton Rose Fulbright, Citibank on USD 2.2bln Danaos Corp Restructuring
Global law firm Norton Rose Fulbright has advised Citigroup and other lenders of Danaos on a $2.2 billion restructuring of NYSE-listed Danaos Corp (DAC), one of the world’s largest independent owners of modern, large-size containerships.Norton Rose Ful...
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US, Iraq, Kuwait Complete Trilateral Exercise
The U.S. Navy and Coast Guard completed a trilateral exercise with Iraqi navy and Kuwaiti navy partners in the Northern Arabian Gulf, August 15.The exercise focused on improving collective proficiency in maritime security tactics between the…
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Port of Everett Begins Wharf Modernization Project
The Port of Everett hosted a groundbreaking to commemorate the start of construction on the Port’s South Terminal Modernization project – the largest capital project in Port history by dollar value, and the largest maritime construction project…
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Team Tankers Back into the Black
Bermuda-based chemical tanker company Team Tankers International managed to return to profitability in the second quarter of 2018, as 14 new ships from recent acquisitions boosted earnings.The company posted a net income of USD 4.4 million in Q2 2018…
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Golden Ocean Group Reports Profit in Q2
Golden Ocean Group Limited (GOGL) reported a net income of $9.0 million for the second quarter of 2018, compared to net loss of $12.0 million for the second quarter of 2017.The Norway based dry bulk shipping company has entered into a $120 million…
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Japan, Russia Join for Trans-Siberian Rail Transportation
Japan and Russia plan to officially develop a freight transport route between the two countries via the Trans-Siberian Railway, the Yomiuri newspaper reported.The report said that the two governments aim to foster mutual economic cooperation by energiz...
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Port Klang Authority Hikes Container Tariffs
Port Klang Authority (PKA) announced that the 2nd phase of the increase in Port Klang’s container tariff which was due to be implemented on 1st September 2018, will be deferred to 1st March 2019.The tariff review was approved in 2015 whereby an increas...
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