U.S. refiner Citgo said the Gerd Knutsen oil tanker, which had been carrying crude claimed by both the company and Venezuelan parent PDVSA, departed Venezuela's Jose Terminal on Thursday and entered international waters on Friday morning.The…
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Trafigura, Phillips 66 to Build Deepwater Texas Oil Port
Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing project.The Bluewater Texas Terminal…
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BAE Systems Wins U.S. Navy Contract
British multinational company BAE Systems has secured a contract worth $113.5 million to supply an additional 26 amphibious combat vehicles (ACV) to the US Marine Corps (USMC).The company will supply the ACVs under the low-rate initial production (LRIP...
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RMC to Build Ferries for TT-Line
Finnish shipbuilding company Rauma Marine Constructions (RMC) and Australian TT-Line Company have signed a Memorandum of Understanding on two fast car and passenger ferries.The Project will have an impact on employment totalling around 3,500 person-yea...
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TMS to Use 3D Printers for Submarines
German industrial conglomerate Thyssenkrupp Marine Systems (TMS) plans to use 3D printers increasingly in manufacturing submarine parts. This offers decisive advantages over conventionally produced components.The corresponding quality and safety approv...
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Diana Shipping Sells Dry Bulker Norfolk
Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement (MoA) to sell to an unaffiliated third party, the 2002-built vessel Norfolk.The global shipping company specializing in the ownership…
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Fincantieri Launches Corvette for Qatar
The technical launch of first Doha-class air defense corvette ordered by the Qatari Ministry of Defence within the national naval acquisition program, took place at Fincantieri’s shipyard in Muggiano (La Spezia).The corvette Al Zubarah is named…
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Busan Builds Logistics Center in Rotterdam
South Korean port company Busan Port Authority (BPA) said that it signed a contract with Samsung SDS to operate a logistics center in Rotterdam.BPA will begin a construction of the logistics center in September this year and complete and operate it in ...
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BP Extends Vroon ERRVs Contract
Maritime offshore-services supplier Vroon Offshore Services (VOS) Ltd has secured a three-year contract extension with BP, worth around £30million.VOS, one of the largest providers of emergency response and rescue vessels (ERRV) in the North Sea…
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TT-Line Cancels Order at FSG
German shipyard Flensburger Schiffbau-Gesellschaft (FSG) shipyard will not build TT-Line Company Pty Ltd's new Spirit of Tasmania vessels.The Australian shipping company TT-Line cancelled the order at FSG for the construction of two ferries, said a sta...
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