According to VesselsValue, the recent events have resulted in an increasingly pessimistic short term outlook for the Tanker market, after a positive autumn and winter."In short, factors contributing to supply growth and demand constriction have combine...
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KN to Operate LNG Terminal in Brazil
Lithuanian company AB Klaipedos Nafta (KN) has been appointed as the operator of a liquefied natural gas (LNG) terminal in the Brazilian Port of Açu.To execute the contract, KN has established a company in Brazil and plans to form a team of up to 30 lo...
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Qatargas Delivers LNG Cargo to Indian Terminal
Doha-based liquefied natural gas (LNG) producer Qatargas has supplied a commissioning LNG cargo for India's newest LNG receiving terminal, Mundra.The cargo was loaded in Ras Laffan on 17 January 2020 on the Q-Flex LNG vessel, Murwab, with an overall ca...
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Meyer Turku, Aalto University Sign Pact
Finland's Aalto University and the compatriot shipbuilding company Meyer Turku have signed an agreement that will strengthen and develop multidisciplinary research and education collaboration as well as give a boost to expert cooperation."We…
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Georgian Port of Poti Mulls New Project
The international container terminal operating APM Terminals said that its port of Poti has presented its plans for the creation of a deep-water port to the Government of Georgia.The plans require an investment of over 250 million USD of private…
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Japan Sues S. Korea over Shipbuilding
The Japanese government has filed a new petition with the World Trade Organization (WTO) against South Korea concerning alleged aid provided by the Korean government to the country’s shipbuilding industry.According to Yonhap, Japan has asked…
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Kongsberg Sells Subsidiary Hydroid to HII
Kongsberg Maritime AS has signed an agreement to sell its underwater technology subsidiary company Hydroid, Inc. for $350 million to shipbuilder Huntington Ingalls Industries (HII). In conjunction with the transaction, HII and Kongsberg Maritime…
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‘Weird,’ sharp-nosed thalattosaur species identified from Alaska fossil
An iguana-like creature with a needle-sharp snout has been confirmed from a fossilized skeleton as a species of the marine reptile thalattosaur previously unknown to science that roamed the coast of what is now Alaska some 200 million years ago.
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Langh Tech’s Scrubbers for Four Gas Tankers
Finnish scrubber manufacturer Langh Tech has delivered its exhaust gas scrubber systems to semi-refrigerated gas tankers managed by the Danish shipping company Ultragas ApS.The cooperation between Langh Tech and Ultragas started in summer 2018…
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LNG Tanker Diverted from China in Sign of Weaker Demand
A liquefied natural gas (LNG) tanker that had been heading to China has been diverted, data intelligence firm Kpler and two industry sources said on Tuesday, probably due to lower demand for the fuel as businesses are hit by the coronavirus…
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