During the first quarter 2019, spot LNG freight rates plummeted from the record levels seen in the previous quarter, said Flex LNG, the company controlled by billionaire John Fredriksen.Asia winter demand came in lower than expected due to an unseasona...
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Live Security Drill in Mexico
A live security drill at a cruise ship terminal in Mexico has given participants the opportunity to hone their skills and assess where any improvements can be made, said a press release from the International Maritime Organization (IMO).The exercise…
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Shareholders OK HHI Split-up Plan
Shareholders of Hyundai Heavy Industries (HHI) have approved the South Korean shipbuilder's split-up plan amid fierce opposition from its labor union.According to local media reports, Hyundai Heavy Industries, , South Korea's largest shipbuilder…
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India: New Shipping Minister Takes Charge
Mansukh Lal Mandaviya took charge of the Shipping Ministry Friday as Minister of State (Independent charge).A Rajya Sabha (or Council of States is the upper house of the bicameral Parliament of India) member of the ruling political party Bharatiya Jana...
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Adriatic Oil Spill Event Held in Croatia
Planning for any marine pollution incident requires ongoing communication, collaboration and cooperation, points out the International Maritime Organization (IMO).Regional and sub-regional contingency planning is an effective way to share resources and...
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Exclusive: Space firm founded by billionaire Paul Allen closing operations – sources
Stratolaunch Systems Corporation, the space company founded by late billionaire and Microsoft Corp co-founder Paul Allen, is closing operations, cutting short ambitious plans to challenge traditional aerospace companies in a new "space race," four peop...
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