The crude oil tanker company operating a fleet of crude oil tankers in the VLCC, Suezmax and Aframax segments, DHT Holdings has reached agreements to exchange existing convertible notes due 2019.DHT Holdings has entered into separate, privately…
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Port of Oakland to Begin Seaport Logistics Complex
A freight distribution center placing high-demand logistics capability inside a global trade gateway will soon take shape here. The Port of Oakland said today that work should begin this fall on a long-awaited Seaport Logistics Complex.The complex…
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Mercuria Energy Takes 30% Stake in Aegean Marine
Mercuria Energy Group and Aegean Marine Petroleum and have signed a Memorandum of Understanding (MoU) making Mercuria the only lender to Aegean. Both are working towards landing a billion dollar credit deal and closer collaboration.Mercuria…
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Maersk to Pursue Separate Listing of Maersk Drilling
Danish shipping company A.P. Moller-Maersk has decided to pursue a demerger with its offshore drilling operation Maersk Drilling via a separate listing of Maersk Drilling on Nasdaq Copenhagen in 2019.Maersk Drilling will become a stand-alone…
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Stena Blue Sky Delivers First LNG Cargo in China
The LNG carrier Stena Blue Sky was historical when it delivered its cargo to the first privately-owned LNG terminal in China.Chinese gas distributor, ENN invited the LNG carrier to become the first vessel to unload at the new Xin’ao Terminal in Zhousha...
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ReCAAP ISC, Philippine Coast Guard Meet on Maritime Safety
ReCAAP Information Sharing Centre (ISC) and Philippine Coast Guard this week co-organised a meeting between government agencies and the shipping industry to enhance maritime safety and security in the Sulu-Celebes seas and waters off eastern…
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Mitsubishi to Acquire 25% Take in Bangladesh LNG Terminal
Japan’s Mitsubishi Corp has agreed to take a 25% interest in Summit's Bangladesh LNG import terminal project - which will be the country's second such terminal.The other 75% of the Summit LNG terminal will remain with Summit Corp.Mitsubishi…
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KOGAS Invests $8.84bn in LNG, Hydrogen Projects
South Korean state-owned Korea Gas Corporation (KOGAS) will invest 10 trillion won (US$8.84 billion) by 2025 to expand its natural gas capacity and infrastructure for hydrogen vehicles and other clean energy sources, reports Yonhap.Kogas, which has a m...
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Samsung Heavy Industries to Build Two LNG Carriers for Celsius Tankers
South Korean shipbuilder Samsung Heavy Industries (SHI) booked an order from Denmark’s Celsius Tankers for two liquefied natural gas (LNG) carriers, securing an option for further two vessels.A press release said that SHI won a newbuilding contract fo...
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Choice Ballast Solutions Chosen for Scorpio Tanker Retrofits
Choice Ballast Solutions was recently contracted by Scorpio Ship Management S.A.M., as agent for certain vessel-owning subsidiaries of Scorpio Tankers Inc. to provide engineering and project management to retrofit the Ecochlor ballast water management ...
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