Vietnam's state oil firm PetroVietnam said on Friday that tension in the South China Sea will continue to weigh on its offshore operations this year.The company, formally known as Vietnam Oil and Gas Group targets to produce 12.37 million metric tonnes...
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Crew Travel: Safety & Security in Shipping
Despite notable breakthroughs in technology and an overdue increase in conversations regarding safety at sea, the very nature of the marine industry means that risk is inevitable.Piracy remains a prominent concern in certain regions, for example, aroun...
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Mergers: Commission to Assess Acquisition of Chantiers de l’Atlantique by Fincantieri
The European Commission has agreed to the request submitted by France and Germany asking it to look at Fincantieri's proposed acquisition of Chantiers de l'Atlantique in the light of the EU Merger Regulation.The Commission considers that the…
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Diesel Futures Project Slowdown in 2019: Kemp
By the end of last year, hedge fund positions in diesel had fallen to a level normally associated with a sharp slowdown in economic growth if not an outright recession.Most middle distillate fuels such as diesel, gasoil and jet fuel are consumed in fre...
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Shipbuilding: SHI Eyes Fat Order Book in 2019
South Korean shipbuilder Samsung Heavy Industries (SHI) expects to increase orders by almost 24 percent in 2019 compared to last year.According to Yonhap, SHI is aiming to clinch USD7.8 billion worth of new orders this year which marks a 24…
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Rotterdam Port Reports Fewer Accidents
The largest port in Europe, the Port of Rotterdam29,475 sea-going vessels arrived at the port in 2018, which is 200 fewer than last year (29,646) and as many as in 2013 (29,436).The number of accidents fell from 129 to 118 on approximately a million sh...
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DP World on Expansion Mode at Southampton
The global port operator DP World said that will invest in four more machines and completely replace its existing fleet with the most modern, fuel efficient and environmentally friendly machines on the market at its Southampton’s container terminal.Two...
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Gaslog Orders Two LNG Carriers at Samsung Heavy
The Monaco-based international owner, operator and manager of liquefied natural gas (LNG) carriers, GasLog Ltd said that two 180,000 cubic meter LNG carriers with low pressure two stroke (LP-2S) propulsion and GTT Mark III Flex Plus cargo containment…
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MSC: Clean-up Ops Continue in North Sea
Switzerland-based MSC Mediterranean Shipping Company confirms that significant progress has been made in an unprecedented clean-up operation in the North Sea and on the beaches of the Netherlands and Germany."We would like to thank the authorities…
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BIMCO Calls for GoG counter piracy
Piracy in the Gulf of Guinea is an unacceptable burden to seafarers and shipping companies. Around 40 ships have been attacked in the Gulf of Guinea in the past 12 months.Most recently, six seafarers were kidnapped from the MSC Mandy, which was on the ...
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