Global port operator DP World says it has completed the acquisition of Danish logistics firm Unifeeder for $748 million.DP World’s full acquisition of Unifeeder Group from Nordic Capital Fund VIII was announced in August, but finalized on Thursday."DP…...
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Chinese Consortium Bags USD 1.4bln Panama Bridge Project
The government of Panama gave a US$1.4 billion contract to build a bridge over the Panama Canal to Panama Cuarto Puente, a Chinese consortium.Panama Cuarto Puente consortium or so-called Panama Fourth Bridge Consortium, composed of China Communication...
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Union of Greek Shipowners Joins Arctic Economic Council
The Union of Greek Shipowners (UGS) announced its acceptance as member to the Arctic Economic Council (AEC), the independent organization acting as the primary forum for interaction between the Arctic Council and the wider circumpolar and non-Arctic bu...
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NYK Line Signs TC for Two LNG Carriers with Total
Japanese shipping giant NYK has signed a long-term contract with a unit of French energy giant Total to charter two liquefied natural gas (LNG) carriers.According to the contract, Total Gas & Power Chartering Ltd (TGPCL) will charter from NYK…
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MOL Signs Pact for Asia’s 1st Gas-to-Power Project FSRU
Mitsui O.S.K. Lines (MOL) has announced that the company has signed deals for construction of a floating storage and regasification unit (FSRU), FSRU services, and financing for the Jawa 1 Gas-Fired Project, through PT Jawa Satu Regas (JSR)…
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Oman Signs Djibouti Code of Conduct
Oman has become the 16th signatory to the Jeddah Amendment to the Djibouti Code of Conduct – the instrument developed and adopted by countries in the Western Indian Ocean and Gulf of Aden that has been a key factor in repressing piracy and armed…
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China launches probe to explore dark side of Moon: Xinhua
China on Saturday launched a first probe ever to explore the dark side of the Moon, marking another milestone in its ambitious space program, the official Xinhua News Agency reported.
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British Golden Globe Yachtswoman Rescued by Cargo Ship
British solo round-the-world yachtswoman Susie Goodall was rescued by a cargo ship on Friday after her boat capsized and lost its mast during a violent storm in the southern Pacific Ocean.The 29-year-old, the youngest entrant in the Golden Globe race, ...
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Lumitec Launches Digital Lighting Control System
Lumitec’ s Poco Delivers a Powerful, Low-Cost On-board Advanced Lighting Control Solution.Lumitec, a leading designer and manufacturer of extreme environment LED lighting solutions, officially announces the launch of their “Poco” Digital Lighting…
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Training Day: Cruden’s pioneering Fast Craft Simulator
Marine simulators are commonplace in the training and development of crew for large vessels. Not so much for small, fast patrol and attack craft.From the mid to late 1970s, marine simulators developed into a viable training tool for trainee mariners.
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