Nordic American Tankers (NAT) told investors on Friday that it has lined up full financing for two new tankers on order from South Korea's Samsung Heavy Industries. The newbuilds are the first to be ordered by NAT since 2016.The shipowner said…
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COVID-hit Bulk Carrier Leaves Australia
A Panama-flagged bulk carrier with a coronavirus outbreak on board has sailed from its anchorage off Port Hedland and is enroute to Manila, the Philippines.The clearance for the Vega Dream’s departure was given Wednesday by the Australian Maritime…
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Baltic Index Posts Worst Week in Three Months
The Baltic Exchange's main sea freight index that tracks rates for ships carrying dry bulk commodities fell on Friday, registering its worst week in nearly three months, weighed down by weaker demand across vessel segments.The overall index, which fact...
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Major Supply Contracts Awarded for Finland’s New Warships
Finnish shipbuilder Rauma Marine Constructions (RMC) revealed it has entered into three major supply contracts worth over €100 million ($117.4 million) in total for the main equipment of Pohjanmaa Class multi-purpose corvettes commissioned by…
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Environmental Protection Notation for Saudi Aramco’s Offshore Vessel Fleet
Saudi oil giant Saudi Aramco plans to achieve the ABS ENVIRO notation for its 23-strong fleet of offshore support vessels, tugs, self-elevating units, and special purpose vessels.The notation identifies the level of compliance with international…
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Offshore Wind Webinar: North American Opportunities and Challenges
Offshore wind has the potential to impact North America's entire offshore energy, maritime, ports and logistics value chain. An October 22 webinar presented by World Energy Reports, Ørsted and American Bureau of Shipping (ABS) will deliver insights on ...
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Glencore to Send First Spot LNG Cargo to Zhoushan
Swiss-based global mining and commodities trader Glencore is set to send its first spot liquefied natural gas cargo to Zhoushan in eastern China in a trading joint venture with Zhejiang Energy Group, a top company trader said on Friday.Glencore's joint...
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Prelude FLNG Won’t Restart in 2020
Royal Dutch Shell said on Thursday its Prelude floating liquefied natural gas (FLNG) project off Australia, off line since early February, is working on restarting operations but would not resume full production this year. The troubled Prelude…
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Scorpio Bulkers Sells Another Ultramax Amid Offshore Wind Pivot
Scorpio Bulkers said on Thursday it has sold another Ultramax bulk carrier, the sixth ship to leave its fleet since the Monoco-based shipowner announced plans to pivot away from dry bulk shipping toward offshore wind services. The sale of the…
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Stena Line Lengthening RoPax Pair
Sweden-headquartered ferry operator Stena Line on Thursday revealed plans to replace two vessels currently operating on its Nynäshamn-Ventspils route with the modernized and lengthened RoPax ferries Stena Lagan and Stena Mersey.Stena Line said…
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