The Port of Tyne, which comprises the commercial docks in and around the River Tyne in Tyne and Wear in the northeast of England, is increasing their offer to potential offshore wind manufacturers.Offshore wind could provide 30% of Britain's electricit...
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SCA honors U.S. Senator Susan Collins
The Shipbuilders Council of America (SCA) honored U.S. Senator Susan Collins as a 2019 recipient of SCA’s prestigious Maritime Leadership Award.The national trade association representing the U.S. shipyard industry said that as recipient of the Maritim...
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Bunker Fuel Mkt to Reach $273bln by 2025
The global bunker fuel market, which was valued at $137.21 billion in 2017, is expected to reach $273.05 billion by 2025, growing at a CAGR of 9.4% during the forecast period, 2018-2025.Increased offshore hydrocarbon exploration activities in…
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Sonardyne Acquires EIVA
Sonardyne International, subsea technology and systems provider, has acquired maritime software and equipment specialist EIVA A/S.The provider of underwater acoustic, inertial, optical and sonar technology said in a press release that EIVA will…
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U.S. Shale Oil Production to Grow 16%
United States shale operators are on track to increase oil production by 16 percent in 2019, according to analysis by energy research firm Rystad Energy.The growth in US onshore production from the first quarter through the fourth quarter could…
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Ocean Yield Takes Delivery of Two Ships
Norway-based ship owning company Ocean Yield ASA has taken delivery of two 2017-built Ultramax dry bulk vessels.The Ultramax ships are "SBI Libra" and "SBI Virgo", both of which were built in 2017.Upon delivery, the vessels commenced 11 years' bareboa...
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WACT Invests in Equipment
The West Africa Container Terminal (WACT) located in Onne Port, has invested in two new Mobile Harbor Cranes, in response to continued volume growth in the Eastern Nigerian market.APM Terminal, who operates WACT, said that this is in addition…
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MOL Releases ‘Fleet Viewer’ Application
Japanese marine transport company Mitsui O.S.K. Lines (MOL) announced that MOL, Mitsui E&S Shipbuilding, and Weathernews Inc. jointly released "Fleet Viewer," as part I of MOL's "FOCUS" Project intended to enhance the collection and application of ship...
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DSD Sells its Green Ferry to PE Consortium
The private Norwegian transport and shipping company Det Stavangerske Dampskibsselskap AS (DSD) has entered into an agreement to sell its ferry- and expressboat company Norled to a private equity (PE) consortium owned jointly by the Nordic…
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PGS, TGS in Canada 3D Shoot
TGS-NOPEC Geophysical Company (TGS) and Norwegian marine seismic specialist Petroleum Geo-Services (PGS) announced the Torngat 3D multi-client project in Offshore East Canada.Torngat 3D will cover approximately 3,287 km2 and encompasses sections…
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