Venezuelan President Nicolas Maduro on Sunday pledged funds for a state-owned Argentine shipyard to finish building two long- overdue tankers for state oil company Petroleos de Venezuela, which is struggling with a diminished tanker fleet.Maduro…
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Kosmos Strikes Oil Off Equatorial Guinea
American upstream oil company founded and based in Dallas Kosmos Energy made an offshore oil discovery in Equatorial Guinea, Reuters reported quoting the Ministry of Mines and Hydrocarbons.The S-5 well was drilled at a total depth of 4,400 meters…
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Cruise ships Hit Record in Helsinki
During the cruise season that ended on 22 October, a total of 603,500 cruise passengers arrived in Helsinki. This was 16 per cent more than the previous year.There were a total of 303 ship visits to Helsinki. This was the first time the number exceeded...
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Steel Cut for 1st LNG-fueled Ship in France
MSC Cruises, a global cruise line registered in Switzerland and based in Geneva, has held a steel-cutting ceremony for its first new-generation World-Class ship at the Chantiers de l'Atlantique shipyard in Saint-Nazaire, France.The first of…
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China launches high-res satellite able to provide stereo imagery – CCTV
China launched a new high-resolution remote sensing satellite capable of providing stereoscopic imagery on Sunday, state-run media said, marking another important step as Beijing seeks to reduce reliance on foreign technology in topographic mapping.
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IOC Sells IMO2020-Compliant Marine Fuel in India
State-owned Indian Oil Corp (IOC) said it has commenced delivery of Low Sulfur Furnace Oil (LSFO) for ships that is compliant with International Maritime Organisation's (IMO) mandate.The largest commercial oil company in India said in a press…
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Xeneta Expects Further Disruption in Container Rates
Further disruption in ocean freight rates expected despite best efforts from leading carriers, according to Xeneta Container Rates Alert.Long-term contracted ocean freight rates for carriers continued their downward trend through the month of October…
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AAPA Says Senate Cuts Key Port Grant Program
The American Association of Port Authorities (AAPA) is very concerned with the U.S. Senate’s approval of a fiscal 2020 appropriations bill that cuts funding by more than two-thirds to a U.S. Department of Transportation Maritime Administration…
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Vard to Design LNG Bunker Barge for Fincantieri
Vard Marine, a naval architecture and marine engineering company, recently completed the concept design of a new 5,400 cubic meter (CBM) LNG bunker barge for Fincantieri Bay Shipbuilding.The barge is being designed for Polaris New Energy’s bunkering…
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Gdansk Ports Aims to be Gateway to Baltic
Europe’s fastest growing port, the Port of Gdansk, has outlined huge expansion plans designed to double its cargo volumes to 100m tonnes a year, during a high-level maritime and business delegation from Poland to Singapore.The delegation marks…
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