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Monthly Archives: December 2018

SSY Pacific Capesize Index Rises Sharply

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rise by 356 points in the week ending Monday to 4,803."The SSY Pacific Capesize Index led to a four-week high of 4,803 points, however,this still marked a sizeable annual drop of 2,104 poin...
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Nautilus Minerals to Acquire Production Support Vessel

The underwater mineral exploration company headquartered in Toronto Nautilus Minerals Inc. is currently negotiating the terms of an agreement with arm's length third parties that would involve the creation of a new joint venture company - Vessel…
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STR Upgrades Marine Survey Technology

Subsea Technology and Rentals (STR) has become the first company to invest in Sonardyne International Ltd.’s new Long BaseLine (LBL) and Inertial Navigation System (INS) software, Fusion 2.The multi-disciplinary technology expert specialising in the de...
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WinGD Elected Joins LNG Marine Fuel Institute

Switzerland-based low-speed gas and diesel marine engines marine manufacturer Winterthur Gas & Diesel (WinGD) has become a member of the LNG Marine Fuel Institute.WinGD, the company involved in the design and development of the two-stroke X-DF LNG engi...
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MPC Container Ships Buys More Scrubbers

Norwegian oner and operator of container vessels MPC Container Ships (MPCC) has exercised options to equip additional five vessels with exhaust gas cleaning systems.The scrubber investments are expected to be financed with cash on hand and available…
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Singapore Port Readies for IMO 2020

The Maritime and Port Authority of Singapore (MPA) continues to prepare the Port of Singapore and Singapore-registered ships for the International Maritime Organization’s (IMO) 0.5 per cent fuel global limit for sulphur in fuel oil used on board ships…...
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