The first batch of topside modules has been shipped for a floating production storage and offloading (FPSO) unit for Japan's MODEC, U.S.-based engineering and construction firm McDermott International said on Wednesday.The FPSO, named Miamte MV34…
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Sovcomflot Shares Drop Below IPO Price Tag in Moscow Debut
Sovcomflot's shares fell below their offer price in their market debut in Moscow on Wednesday after the initial public offering (IPO) of Russia's biggest shipping company was priced at the lower end of its range.Sovcomflot's IPO, the first share offeri...
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Mexico Closes Oil Ports Ahead of Hurricane Delta
Mexico's naval authorities on Tuesday ordered the closure of oil, cargo and passenger ports in the Gulf of Mexico and Caribbean ahead of Hurricane Delta, expected to sweep the Yucatan peninsula overnight.Ports shuttered to large ships included Dos Boca...
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Top Global Traders Push to Cut Shipping Emissions
Some of the world's biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime industry's carbon footprint.About 90% of world trade is tr...
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LQ, Pipe Rack Modules Installed on Energean Power FPSO
Living quarters and eigh pipe rack modules have been lifted aboard the Energean Power FPSO hull as the construction of Energean's FPSO destined for the Mediterranean Sea progresses in Singapore.The FPSO hull, built in China is being outfitted with tops...
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Singapore Ramping Up LNG Bunkering Capacity
Singapore’s annual liquefied natural gas (LNG) bunkering capacity is expected to hit 1 million tonnes by 2021, as the world’s largest marine refueling hub transitions toward cleaner shipping fuels, a senior minister of state said on Tuesday.The push is...
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Jack-Up Barge Solutions Target Offshore Efficiency
Dutch offshore self-elevating platform and services provider Jack-Up Barge BV believes innovative and cost-efficient solutions are needed now more than ever across the offshore oil and gas and renewables businesses.The current market faces challenges…
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EU Welcomes Turkish Drillship Departure From Waters Off Cyprus
A Turkish drillship has left the area where it was operating southwest of Cyprus and reached Turkey's coast for maintenance in a move the European Union said would help ease tensions in the Eastern Mediterranean.Refinitiv tracking data showed…
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Miko Marine to Supply Magnetic Hull Closures for Modec FPSO
Norwegian company Miko Marine will deliver four cofferdams and water inlet covers for a Modec FPSO being built in China.The FPSO, under construction at the DSIC yard in Dalian, will operate at Equinor's Bacalhau field offshore Brazil.Miko Marine…
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Timelapse: World’s Largest Civilian Hospital Ship Falling into Place
Construction of what has been described as the world's largest civilian/NGO hospital ship - the Global Mercy - is making progress and is nearing completion in China.Mercy Ships, an NGO which ordered the ship to deliver free healthcare services to those...
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