Container shipping group CMA CGM said on Friday that it expected activity to remain strong in the first half of this year after brisk demand for consumer goods boosted its profits at the end of last year.France-based CMA CGM said its fourth-quarter ear...
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Hybrid Tour Boat Catches Fire in Norway
A hybrid-electric tour vessel caught fire off Norway's southern coast on Thursday, and while the flames have been extinguished, local authorities fear the situation could deteriorate in the days ahead.Authorities said the fire broke out in or…
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Iranian Containership Attacked in the Mediterranean
An Iranian container ship was damaged in an attack in the Mediterranean, the state-run shipping company said on Friday, adding it would take legal action to identify the perpetrators of what it called terrorism and naval piracy.The ship, Shahr e Kord…
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Maritime Groups Pleased with WRDA 2020
It was an odd legislative journey, but ultimately one with a happy ending. That’s one way to sum up the rather tortuous process that led to the passage of the Water Resources Development Act of 2020 (WRDA). For the first time WRDA (usually reauthorized...
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LSS Vulcano Delivered to the Italian Navy
The Italian Navy has taken delivery of the newly built logistics support ship LSS Vulcano from Fincantieri's Naval Integrated shipyard in Muggiano, Italy.The 193-meter LSS Vulcano is part of the FLOTLOG (Flotte Logistique) program, which includes…
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RightShip Expands Its Vetting Criteria
Risk assessment and due diligence firm RightShip said it has expanded its vetting criteria from 20 to 50 assessment factors, in a move aimed at improving consistency as well as industry safety standards."We have drilled down further in terms…
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Rolls-Royce’s Power Systems Profitable Despite 17% Revenue Plunge
Rolls-Royce's Power Systems division has ended the 2020 financial year with an underlying operating profit of $247.3 million despite suffering a 17% drop in underlying revenue to $3.8 billion. This corresponds to an underlying operating margin of 6.5% ...
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Minerva Bunkering Announces Carbon Offsets Offering
Minerva Bunkering said it launched a new offering enabling customers to mitigate carbon emissions associated with the bunker fuel they consume. With each transaction, Minerva retires verified carbon offset certificates in an equal and offsetting…
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OpEd: STCW Requirements Should Support Maritime Decarbonization
The modern merchant mariner is required to be competent in a number of skills and knowledge areas, such as firefighting, CPR, vessel security and even how to work as a team. Absent from this list is the mariner’s role in fighting climate change.
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Shell to Charter 10 New Dual-Fuel Crude Tankers
Oil major Shell has signed agreements to charter ten new crude tankers powered by dual-fuel liquefied natural gas (LNG) engines, with the company planning to halve half of the long-term chartered crude tankers run on LNG in 2023.Four of the…
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