Following years of disruption to US soya bean exports due to the US-China trade war, the first seven weeks of the 2020/2021 marketing year, which runs from 1 September to 31 August, have seen the strongest exports ever. By October 15, 11.4 million tons...
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Malaysia: Two Dead After Offshore Vessel Rams into Oil Platform
Two crew of a Malaysian offshore support vessel died on Tuesday after their ship hit a [platform] operated by state oil firm Petronas off the state of Sarawak on Borneo island.The Dayang Topaz rammed into the Baram B oil platform after its anchor cable...
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US Issues Fresh Sanctions Targeting Iran’s Oil Sector
The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic's oil sector, including the Iranian Ministry of Petroleum, in Washington's latest move to increase pressure on Tehran.The U.S. Treasury Department…
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Container Lines Expect US Import Binge to Lose Steam
Surging shipments into the United States are fueling record high freight costs and logjams at seaports, but transportation executives say the rally will lose steam with a second wave of COVID-19 restrictions on the cards.Container shipping companies…
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Gibbs & Cox Establishes Houston Office
Naval architecture and marine engineering firm Gibbs & Cox announced it is expanding its services into Houston with the aim to generate revenue in non-naval markets, develop and sell new products and/or services to non-traditional clients and…
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Canadian Nuclear Laboratories Studying Maritime Decarbonization Technology
Canada’s premier nuclear science and technology laboratory is examining opportunities to reduce greenhouse gas emissions and other pollutants from marine vessels in Canada.Canadian Nuclear Laboratories (CNL) said Monday it has been awarded a…
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Costa Cruises Completes Italy’s First LNG Bunkering
Carnival Corporation's Costa Cruises brand said its liquefied natural gas (LNG)-powered flagship Costa Smeralda has become he first vessel to bunker LNG in Italy.Carried out in the port of La Spezia and completed at 6 p.m. on Sunday, the operation was ...
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Lomar Promotes Georgiou to CEO
Nicholas Georgiou has been promoted to Chief Executive Officer of ship owning and management business Lomar, its parent company the Libra Group announced. Georgiou has been Lomar’s Chief Operating Officer since 2010 and succeeds Achim Boehme…
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Siemens, Carlyle Near $2.4 Billion Deal Over Flender Business
U.S. buyout group Carlyle Group Inc is nearing an agreement to acquire Siemens AG's mechanical drive arm Flender, for about 2 billion euros ($2.37 billion), Bloomberg News reported citing sources.Siemens and Carlyle are finalizing terms of the deal tha...
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Port of Halifax’s Extended Deepwater Berth Fully Operational
The extended South End Container Terminal in the Port of Halifax is now complete and is fully operational, having welcomed its first vessel, Zim Tarragona, on Friday.With the extension project finished, the South End Container Terminal operated…
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