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Monthly Archives: July 2019

Baltic Index Rises to Over Five-Year High

The Baltic Exchange's main sea freight index climbed to its highest since December 2013 on Monday, pushed by higher demand for vessels ferrying iron ore in the Atlantic.* The Baltic index, which tracks rates for ships ferrying dry bulk commodities…
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Pirates Rob Korean Bulk Carrier

Pirates attacked a South Korean-flagged cargo ship in the South China Sea early on Monday, stealing thousands of dollars in cash and even the sailors' shoes, South Korean authorities said.Two people sustained minor injuries when seven pirates boarded t...
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Last Yamal LNG Arctic Ships on Sea Trials

The last of 15 Arc7-classed tankers ordered for the liquefied natural gas (LNG) production plant Yamal LNG in Russia's Arctic north are undergoing sea trials around a South Korean shipyard, Refinitiv Eikon shipping data showed on Monday.The…
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Offshore wind: One-stop power conversion

With the United States and China about to start their respective offshore wind build-ups, grid operators wondering about the efficiency of their turbines or the emissions-areas compliance of their wind-service vessels will be warmed to know there’s som...
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SGRE Bags Largest U.S. OWP Order

The Spanish wind energy giant Siemens Gamesa Renewable Energy (SGRE) has received an order for 1,714 MW from Orsted and Eversource.Encompassing three offshore wind power projects, the signed conditional contract is the largest U.S. offshore wind power ...
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World First: High-Wave Floating Solar Park

A Belgian consortium has launched a project in high-wave offshore solar technology with the aim of building floating solar parks in the North Sea.Large maritime market players Tractebel, Jan De Nul Group, DEME, Soltech and Ghent University formed…
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AWT Adds Three New Vectrons

Czech freight transport operator Advanced World Transport (AWT),  a member of PKP CARGO Group, which is a leading logistics operator in Europe, on 1st July 2019 took over three new multisystem Vectron A17 locomotives from Siemens Mobility in…
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