Former Telenor CEO Jon Fredrik Baksaas has been appointed as DNV GL’s new chair of the board, the Norwegian-headquartered classification society announced.Best known for his 13-year tenure as president and CEO of the telecoms firm, Baksaas started…
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Traders Scout for Tankers to Store Diesel as Virus Spreads
Oil traders are scouting for newly built supertankers to store diesel for the next few months as they brace for lower demand in Europe amid renewed restrictions aimed at battling the COVID-19 pandemic, shipping and trade sources said.Trading companies…
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Op/Ed: Candidates Should Not Ignore Offshore Safety Advances
The American Gulf of Mexico is home to impressive industry and even more incredible beauty. Every day, fishermen, conservationists, tour guides, canal and port dredgers, offshore oil and gas workers and countless others go to work in and around the Gul...
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The Path to Zero: First Wave of Ships Explore Green Hydrogen
While there is no consensus on what will be the maritime 'fuel of the future', developers across the world are for the first time testing the use of hydrogen to power ships as the maritime industry races to find technologies to cut emissions…
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MOL Names New LNG Carrier LNG Megrez in China
A naming ceremony was held October 20 for a new liquefied natural gas (LNG) carrier jointly ordered by Mitsui O.S.K. Lines, Ltd. (MOL) and China COSCO Shipping Corporation Limited (China COSCO Shipping), at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.
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The Marine Group Grows Its Dredging Fleet
The Marine Group’s Harbor Management Division has expanded its dredging capabilities with the recent completion of its bespoke built water injection dredger CMS Seaka. Following the deployment of CMS Innovation, The Marine Group invested in…
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Volvo Penta to Supply Gensets for Five New Electric Ferries
Turkish boat builder Sefine Shipyard has won a contract to supply Norwegian operator Boreal with five electric ferries – each supported by two Volvo Penta D13 MG IMO III generator sets (gensets). The ferries will operate to-and-from the islands…
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MAN to Supply Propulsion Packages for Israeli-built Patrol Boats
MAN Energy Solutions announced Thursday it has won the contract to supply complete propulsion packages to two OPV-45 offshore patrol vessels currently under construction at one of the largest privately owned shipbuilding and repair facilities…
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Wärtsilä Inks Deal to Sell Rotor Sails
The technology group Wärtsilä said it has signed a Memorandum of Understanding (MoU) tied to a License and Cooperation agreement with U.K.-based Anemoi Marine Technologies for the future sales and servicing of Rotor Sail solutions to the shipping indus...
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Frequent Hurricane Shutdowns Weigh on US Energy Results
As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year's repeated oil and gas production halts were already hitting energy firms' results.Eight named storms entered the U.S. Gulf of Mexico this year, most…
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