A foreign cargo ship ran aground in Istanbul's Bosphorus strait on Friday, requiring a rescue operation and prompting authorities to temporarily close the picturesque and crowded waterway running through Turkey's largest city.There were no injuries or ...
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Gulf Oil Marine and Azurtane Partner
Now that the fuel sulphur regulations have come into force from January 1, 2020, charterers and operators will begin to feel the pressure to reduce greenhouse gas (GHG) emissions.Gulf Oil Marine has partnered with marine technology firm Azurtane…
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Research Vessel Equipped with Integrated IoT System
KVH Industries, Inc. and Kongsberg Digital completed the installation of their first joint maritime IoT system on an active working vessel.The team installed a KVH Watch VSAT antenna for IoT connectivity and the Kognifai Vessel Insight platform on Simr...
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Israel Aerospace to build Israel’s next communication satellite
State-owned Israel Aerospace Industries (IAI) [ISRAI.UL] said on Thursday it signed with the Israeli government to build the country's next communication satellite.
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Baltic Index Marks Worst Day in 6 Years
The Baltic Exchange's main sea freight index on Thursday posted its biggest one-day percentage decline in six years, pressured by depressing demand for dry bulk vessel segments.* On its first day of trading in the new year, the Baltic index…
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GEV Pact with CIMC Raffles for 8 Vessels
Australia-listed Global Energy Ventures (GEV) has extended a letter of intent (LOI) with Yantai CIMC Raffles Offshore to build the CNG Optimum 200 ships.The extension is for six months through to 30 June 2020. The LOI is based on a firm order…
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First Woman Deputy Administrator at Panama Canal
Ilya Espino de Marotta, who played a lead role in the expansions of the Panama Canal took office on January 1 as the first woman deputy administrator of the waterway.She was chosen by the board of directors of the Panama Canal Authority to repla...
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Brodosplit Cuts Steel for Expedition Ship
Oceanwide Expeditions, the Dutch company specializing in expedition-style voyages to Antarctica and the Arctic, has cut steel on its newbuild, Polar Class 6 expedition ship, the Janssonius at Croatia’s Brodosplit shipyard.The design, size and 174-passe...
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Fortum Focuses on Nordic Offshore Wind
Finnish state-owned energy company Fortum and Credit Suisse Energy Infrastructure Partners (CSEIP) have today signed an agreement whereby funds advised by CSEIP will acquire an 80% stake in Fortum’s Nordic wind portfolio.Fortum will retain a 20% minori...
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India approves third moon mission, months after landing failure
India has approved its third lunar mission months after its last one failed to successfully land on the moon, its space agency said on Wednesday, the latest effort in its ambitions to become a low-cost space power.
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