Container volumes at the Port of Long Beach were 1.9 percent lower in August compared to the same month the year before.A total of 679,543 twenty-foot equivalent units (TEUs) were moved through the Port. Imports declined 3.6 percent to 343,029 TEUs.
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TOTE Maritime Happy with ME-GI Engine
American shipping company, TOTE Maritime Puerto Rico, has returned very positive reports on its LNG-powered containerships, ‘Isla Bella’ and ‘Perla del Caribe’ as they approach the third anniversary of commencing operations, said a press release.It sai...
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Peter Döhle Schiffahrts-Kg Signs BWTS Deal with Erma First
German based company, Peter Döhle Schiffahrts-KG signed an Agreement with Erma First S.A., manufacturer of Ballast Water Treatment Systems (BWTS), for the installation of BWTS onboard its vessels.Erma Firstis represented in Germany by MOE Marine & Offs...
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CMA CGM Margin Hit in Q2
French shipping liner CMA CGM said that rising oil price impacted its operating income in second quarter of 2018. "Volume growth and positive net income in a market environment affected by rising fuel costs," said a press statement from the company.Rod...
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Challenges in Decarbonizing Shipping Industry
DNV GL - Maritime has released its second Maritime Forecast to 2050, part of a suite of Energy Transition Outlook (ETO) reports launched today in London. The Forecast provides an independent forecast of the maritime energy future and examines…
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Repsol to Buy LNG from Venture Global
Venture Global LNG announced that it has entered into a 20-year, binding Sales and Purchase Agreement (SPA) with Repsol for the supply of one million tonnes per annum (MTPA) of liquefied natural gas from the Venture Global Calcasieu Pass LNG export fac...
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Wilhelmsen, Ivaldi Group Pact for 3D Printing of Marine Parts
Wilhelmsen has partnered with Ivaldi Group to deploy an additive manufacturing facility in the Wilhelmsen Ships Service’ facilities in Singapore. The local micro factory capable of on-demand production provides 3D printed parts to select partners…
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China Launches New Marine Satellite
China successfully launched a new marine satellite into orbit yesterday (Friday) to help improve understanding of maritime waters and study the impact of climate change, Xinhua reported.A Long March-2C rocket carrying the HY-1C satellite took off at 11...
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GoodBulk Gets New Credit Facility to Fund Vessel Acquisition
The bulk investment company focusing on vessels in the second hand market GoodBulk entered into a new credit facility with ING Bank for up to $73.0 million. This facility has an initial term of five years, profile of sixteen years.GoodBulk took deliver...
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Pacific Drilling to Raise USD700mln for Restructuring
Pacific Drilling announced that a special purpose wholly owned subsidiary of the Company intends to offer $700 million aggregate principal amount of senior secured first lien notes that mature five years following their issuance, subject to…
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