Peter Norborg will take over as CEO of Swire Bulk at the start of 2021, parent company the China Navigation Company Ltd (CNCo) announced Thursday.Norborg has held several top-level management positions in leading shipping companies, including his most ...
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Lebanon Asks Interpol to Arrest Ship Captain, Owner Over Beirut Port Blast
Lebanon has asked Interpol to issue arrest warrants for the Russian captain and owner of the ship that brought the explosive material that detonated at Beirut port in August, killing nearly 200 people, state media reported on Thursday.About…
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Bulk Carrier Grounds After Losing Propulsion in the Columbia River
A 608-foot bulk carrier that suffered an engine failure and ran aground in the Columbia River Thursday has been refloated without injury or pollution, the U.S. Coast Guard said.Watchstanders at Coast Guard Sector Columbia River received a report at 12:...
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Gallery: Deme’s First Service Operation Vessel Launched in Turkey
Belgian offshore services contractor Deme saw the hull of its first-ever Service Operation Vessel (SOV) launched at the Cemre shipyard in Yalova, Turkey. The twin-hull vessel named ‘Groene Wind’ (Green Wind), will be used for offshore wind farm…
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Guyana: ExxonMobil Sanctions $9B Payara Offshore Development
U.S. oil major ExxonMobil has reached a final investment decision on a $9 billion offshore oil development project in Guyana, following the approval by the government.To remind, Reuters last Friday reported that Guyana was close to reaching…
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Cracked Containership No Longer Leaking Oil in NY Harbor
Oil is no longer leaking from the cracked hull of a containership moored in the Port of New Yok and New Jersey, the U.S. Coast Guard said Wednesday.A sheen around the Danaos-owned YM Mandate was first reported to the Coast Guard on Monday after…
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How the Major Dry Bulk Commodities Drive the Freight Market into Q4
The world is in the midst of the second coronavirus wave and with that comes the natural question of how the current dynamics will play out for the dry bulk shipping market. Demand and the subsequent cargo flow of the major dry bulk commodities are cri...
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