Danish tanker owner and operator Maersk Tankers is set to add 11 ships to its managed fleet in a deal with BP Shipping and ICBC Financial Leasing.Under the terms of the agreement, Maersk Tankers will take each vessel from the owner under a bare-boat ch...
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DIF to Invest in LNG Newbuild
The infrastructure fund manager DIF Capital Partners has signed final documentation alongside ship-owner Geogas Maritime and Access Capital Partners for the acquisition of a 50% stake in a French incorporated company that will own and operate…
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CSA Protests Malaysia’s Scrubber Ban
Members of the Clean Shipping Alliance 2020 expressed disappointment in regard to Malaysia’s recently-announced decision to prohibit the use of open-loop scrubbers in its coastal waters. The Malaysia Shipping Notice states that ships calling…
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Study reveals music’s universal patterns across societies worldwide
From love songs to dance tunes to lullabies, music made in disparate cultures worldwide displays certain universal patterns, according to a study by researchers who suggest a commonality in the way human minds create music.
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Egypt to send its first communication satellite into orbit on Friday
Egypt will launch its first communication satellite into orbit on Friday, a move it says will improve its communications infrastructure and internet services and attract investment.
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Cargill Extends Diana Shipping Charter
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia.According…
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Flex LNG Swings to Profit, Adds to Fleet
Norwegian LNG carrier owner Flex LNG posted a net income of USD 0.5 million for the third quarter of this year, compared to a net loss of $3.9 million for the second quarter 2019.It reported revenues of $29.8 million for the third quarter 2019…
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Boskalis Wins Contracts for $120Mln
Royal Boskalis Westminster N.V. has secured multiple heavy marine transport services contracts with a combined value of about $120 million.The execution of the majority of projects is scheduled to take place in 2021 and 2022.Following last year’s trans...
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ZIM Back into Black
Israeli international cargo shipping company ZIM Integrated Shipping Services continued to record improvements and to expand its global network to its customers confronting challenging business environment.ZIM has reported a net profit of USD 5 millio...
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Madagascar Mulls Maritime Policy
Madagascar is the latest country to benefit from International Maritime Organization (IMO)’s work promoting good maritime governance to support sustainable development.A workshop started the process to develop a National Maritime Transport Policy (NMTP...
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