Shell Marine has introduced a new two-stroke engine cylinder oil specifically for use with engines running on 0.5% sulphur content very low sulphur fuel oil (VLSFO) ahead of the IMO sulphur cap 2020.With a Base Number of 40, Shell Alexia 40…
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Maersk Mulls Trade Financing Growth in India
Shipping major AP Moller-Maersk Group's export-import (exim)-focused trade finance arm Maersk Trade Finance is targeting a 33 percent loan disbursal growth at $200 million in 2019 in India.The trade financing solution arm of Danish business…
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Virgin Galactic’s 1st test passenger gets commercial astronaut wings
Virgin Galactic’s first test passenger received her commercial astronaut wings from the U.S. aviation regulator on Tuesday after flying on the company’s rocket plane to evaluate the customer experience in February.
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Iran still planning three satellite launches this year, despite ramped up U.S. pressure: minister
Iran said on Tuesday it would press ahead with the launch of three satellites into orbit this year despite a U.S. move to curb Tehran's ballistic missile program which Washington says has been advanced by the satellite activity.
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Australia Gifts Guardian Class Patrol Boat to Tuvalu
Australian designer and manufacturer, Austal handed over a Guardian-class patrol boat to the Pacific Island country Tuvalu in a ceremony in Perth, Australia.This is the second of 21 GCPBs being gifted by the Commonwealth to 12 Pacific Island…
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China No.1 in Global Ship Orders in Q1
Chinese shipbuilders Chinese shipbuilders took the top spot worldwide in terms of new orders in the first quarter of the year 2019.A report in Yonhap quoted data compiled by industry tracker Clarkson Research Institute that said the local shipyards…
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Oil & Gas Discoveries on the Rise in 2029
Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Energy.Global discoveries of conventional resources in the first quarter…
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Vopak Sells 3 Terminals First State Investments
Dutch oil and chemicals storage company Royal Vopak has agreed to sell three terminals - Algeciras, Amsterdam and Hamburg - to First State Investments for 723 million euros ($812 million)."This divestment follows the strategic review of these terminals...
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Piracy Retreating in Q1 2019
The International Chamber of Commerce International Maritime Bureau’s (IMB) published its report for the first three months of 2019, reporting less incidents of piracy and armed robbery against ships than the first quarter of 2018.During the first quar...
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ABS Launches Sustainability Center in Singapore
The American Bureau of Shipping (ABS) has launched a Global Sustainability Center in Singapore as s decarbonising shipping becomes mission critical for the industry classification society.The ABS Global Sustainability Center's mission is to help mariti...
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