Diana Shipping plans to sell one of its panamax dry bulk vessels to an unaffiliated third party, the New York-listed company said.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that it has signed…
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Interferry Charts a Course for Growth
Interferry CEO Mike Corrigan explains why the global trade association is poised to take its work to the next level.While I respect the mantra of cautious optimism, I can’t help feeling genuinely excited that 2019 could prove to be a milestone…
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Coast Guard Offloads 13 Tons of Cocaine
The crew of the Coast Guard Cutter Steadfast (WMEC-632) is scheduled to offload more than 26,000 pounds of seized cocaine in San Diego Friday.The cocaine, worth an estimated $350 million, was seized in international waters of the Eastern Pacific Ocean.
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Germany Needs Clarity Before Joining Hormuz Naval Mission
Germany will take a decision on whether to participate in a European-led naval mission to ensure safe shipping through the Strait of Hormuz once it has more clarity about the design of such a mission, Foreign Minister Heiko Maas said."Any actions…
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INSIGHTS: Noose Tightens Around Iranian Shipping
Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. Iran later claimed it as its own.The…
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Indonesia Exempts Domestic Fleet from IMO 2020 rules
Indonesia will not enforce new global rules mandating low-sulphur marine fuels on its domestic shipping fleet because of the high cost of cleaner fuel, an official from the country's Ministry of Transportation said this week.Under International…
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Denmark backs Britain’s Hormuz Naval Plan
Denmark said on Friday it welcomed a British government proposal for a European-led naval mission to ensure safe shipping through the Strait of Hormuz and would consider a military maritime contribution.Britain has sought to assemble the mission in Hor...
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Singapore’s Ocean Tankers tests IMO-2020 Compliant Fuel
Off the coast of Singapore, the world's largest ship refuelling centre, a bunker barge sidled next to the supertanker Pu Tuo San to fill the giant vessel with a new type of fuel that will meet global standards that start up in January.With a…
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Europe Installs 1.9 GW Offshore Wind Capacity in H1
Europe added 1.9 GW of new offshore wind was installed in the first half of 2019, up from the 1.1 GW added in the same period in 2018, according to figures released by WindEurope.The UK (931 MW), Denmark (374 MW), Belgium (370 MW) and Germany (252 MW) ...
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CSL, Oldendorff Join Trident Alliance
The CSL Group and Oldendorff Carriers have joined Trident Alliance, the industry coalition that is calling for the robust and transparent enforcement of environmental regulations, such as IMO 2020.The network of shipping companies and other stakeholder...
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