The prestigious International Maritime Prize for 2018 has been presented to Joseph J. Angelo, a former United States Coast Guard (USCG) and International Association of Independent Tanker Owners (INTERTANKO) senior executive who participated…
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With suction cups and lots of luck, scientists measure blue whale’s heart rate
Using a bright orange electrocardiogram machine attached with suction cups to the body of a blue whale, scientists for the first time have measured the heart rate of the world's largest creature and came away with insight about the renowned behemoth's ...
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EU Targets 450 GW Offshore Wind by 2050
The EU Commission’s big goals for offshore wind – between 230 and 450 GW by 2050 – are achievable provided the right investments in electricity grids and Governments take the right approach to maritime spatial planning, said a report.According…
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US Nearing Energy Independence
In just a few months, the U.S. will be fully energy independent and by 2030, the country's total primary energy production will outpace primary energy demand by 30 percent.According to the Norwegian market research consultancy Rystad Energy…
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Conoship to Design DP2- B-type Vessels for Spliethoff
The Netherlands-based maritime engineering company Conoship International recently signed a contract with China’s Mawei Shipyard for the design of Spliethoff’s two multipurpose DP2 B-type vessels.The versatile characteristics of this new B-Type…
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CMBFL Sells and Lease Back 20 Tankers
CMB Financial Leasing (CMBFL) sign a $415.6 million sale and lease back transaction of 20 chemical tankers with Stolt Tankers, a UK-based provider of transportation and storage for liquids, notably specialty and bulk liquid chemicals, the proceeds…
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Eagle Bulk Adds Shanghai Eagle to Fleet
Eagle Bulk Shipping (EBS), the US-based fully integrated shipowner-operator engaged in the global transportation of drybulk commodities, has taken delivery of the fifth of six Ultramax drybulk vessels it has recently agreed to acquire.The ship…
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GasLog Relocates People and Office
Monaco-based international owner, operator and manager of liquefied natural gas (LNG) carriers GasLog has announced plans to relocate more of its people and most of the senior management to the Piraeus, Greece office, home of its operational platform.A...
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Qatar Ups LNG Production by 64% to 126 MTPA by 2027
Qatar Petroleum has announced that it will raise Qatar’s LNG production capacity to 126 million tons per annum (mtpa) by 2027, representing an increase of 64% from the current 77 mtpa.The announcement was made by Saad Sherida Al-Kaabi, the Minister of ...
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Global FPSO to Grow at Over 19.9%
The floating production systems market worldwide is projected to grow by US$85.1 Billion, driven by a compounded growth of 19.5%.Floating production storage offloading (FPSO), one of the segments analyzed and sized in this study, displays the potential...
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