Nippon Yusen Kaisha (NYK Group) has taken delivery of Takaroa Sun, a methanol carrier equipped with two-stroke dual-fuel engine tech that allows the vessel to be powered by methanol. Built in South Korea at Hyundai MIPO Dockyard, the new ship…
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U.S. Drillers Cut Rigs Again: Baker Hughes
U.S. energy firms this week reduced the number of oil rigs operating for a seventh week in a row as producers follow through on plans to cut spending on new drilling this year.Drillers cut 3 oil rigs in the week to Oct. 4, bringing the total count down...
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Kudlow: Trump “open-minded” about U.S.-China Deal Prospects
White House economic adviser Larry Kudlow said on Friday that the U.S.
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Seaspan Names Hargreaves VP, Strategy & Business Development
Seaspan Shipyards, Canada’s non-combat shipbuilding partner for the National Shipbuilding Strategy, is pleased to announce the appointment of David Hargreaves as Vice President, Strategy & Business Development.David brings to Seaspan over 25…
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Exxon Mobil Bans Tankers Linked to PDVSA Commerce
Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, placing new pressure on the U.S. sanctioned country and on global crude freight rates.The…
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VLCC Rates Surge as U.S. Sanctions COSCO
Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on Thursday, shipping sources familiar with the matter said.South Korea's top refiner, SK Energy, tentatively chartered the ...
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TSGI Wins TxDOT Ferry Service Contract
In 2017, The Shearer Group, Inc. (TSGI) was awarded a five-year Indefinite Deliverable contract with the Texas Department of Transportation (TxDOT). TSGI was tasked to provide the detail design of a double-ended diesel-electric ferry with energy…
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Golden Boats Lifts Enhances Sea-Drive
In over 20,000 Golden Sea-Drives manufactured, not one has ever failed. While most companies would rest on their laurels with such an impressive statistic, Golden Boat Lifts didn't. Striving to continually improve its products, it enhanced its…
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Seaspan Shipyards Welcomes MacLeod as VP
Seaspan Shipyards has announced the appointment of Amy MacLeod as the organization’s new Vice President, Corporate Affairs & External Communications. Based in Ottawa, MacLeod will be responsible for developing, managing and maintaining strategic…
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Baltic Index Ends Seven-day Losing Streak
The Baltic Exchange's main sea freight index inched up on Friday, snapping a seven-day losing streak, helped by a slight uptick in capesize and panamax rates.* The Baltic index, which tracks rates for ships carrying dry bulk commodities, rose 10 points…
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