The technical advisor to the oil and gas industry DNV GL has developed a solution that reduces the risk of offshore floating vessel mooring line failure going undetected by replacing physical sensors with a machine learning algorithm that accurately…
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Ocean Yield Takes Delivery of New Ship
Norway-based ship owning company Ocean Yield ASA announced that it has taken delivery of the very large crude carrier (VLCC) "Nissos Rhenia".The tanker was delivered from the yard Hyundai Heavy Industries in South Korea and is the first in…
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Global LNG Imports Up in Q1 by 11%
Despite the liquefied natural gas (LNG) demand in the first quarter of 2019 being negatively impacted by warmer than usual weather in the Northern Hemisphere winter, global LNG imports during the period totalled 88 million tonnes (mt), compared to 79 m...
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DryShips Acquires Newcastlemax Drybulker
Greece-based dry bulk shipping company DryShips Inc announced that it has agreed to acquire from an entity that may be deemed to be beneficially owned by its Chairman and CEO, George Economou, one Newcastlemax drybulk carrier built in 2017, for a purch...
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Liberia Improves Oil Spill Preparedness
Increased commercial and oil activity in Liberia's territorial waters has seen the number of tankers and other ships supporting the oil activities, rise significantly.These activities are critical to the Liberian economy but pose a risk in the event of...
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MSC Joins NAMEPA
The provider of container shipping services MSC Mediterranean Shipping Company is a new member of the North American Marine Environment Protection Association (NAMEPA), which works to preserve the marine environment by promoting sustainable…
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JIT Operations Essential to Cut Emissions
Data sharing is a prerequisite to enabling the successful implementation of “Just-In-Time” (JIT) operations – which can cut the time ships spend idling outside ports and help cut emissions as well as save on fuel costs.Participants at a roundtable…...
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MSC Hikes Stake in Terminal Investment
MSC Mediterranean Shipping Company, the world's second-largest shipping line in terms of container vessel capacity, SA announced that it is increasing its majority stake in the container terminal operator Terminal Investment Ltd (TiL) to 60%…
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Flood-Swollen Mississippi River Closed at St. Louis
The U.S. Coast Guard said it closed the Mississippi River near St. Louis to boat and barge traffic on Friday as excessive rains and heavy snow melt this spring swelled the major shipping waterway to near record levels.The river - a key transportation a...
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All-Electric: ABB Powers Niagara Tourist Boats
Niagara Falls tour operator Maid of the Mist orders two new passenger vessels sailing on pure electric power, enabled by ABB’s technologyVisitors to the iconic Niagara Falls will soon be able to experience one of the USA’s top landmarks emission-free.
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