Marubeni and Torvald Klaveness' joint venture panamax bulker pool is offering pool partners the option to convert freely between floating and fixed rate, at any given time, in line with forward market levels.The companies, which announced the…
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Maritime Safety: POB Tracking Will become Essential Offshore, says Olympic Subsea
Keeping track of personnel on board (POB) “will be a requirement on all contracts” with offshore energy companies, predicted Tonny Sørdal, vice-president for quality, safety, health and environment of support vessel operator Olympic Subsea ASA.He…
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Riding the Tides: Interview with Jason Hayman, CEO, Sustainable Marine Energy
Harnessing the power of the tides is not for the squeamish, with the roster of trials and failures long and distinguished. Jason Hayman and his Sustainable Marine Energy crew are putting their tech to the test in one of the harshest spots on the planet…
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Gulf Marine Services Strikes New Debt Deal with Banks
Gulf Marine Services, a UAE-based provider of self-propelled, self-elevating support vessels serving the offshore oil, gas, and renewables industries, has agreed with banks an agreement to reduce the interest rate on its loans."Under the revised…
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Baltic Index Sees Best Quarter in Three on Gains for Larger Vessels
The Baltic Exchange's main sea freight index posted its biggest quarterly rise since June 2020 on Friday, propelled by strong gains for larger vessels, with the panamax segment marking its best quarter in over six years on robust U.S.
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Coatings Giant Hempel Buys Wattyl Australia and New Zealand
Coatings manufacturer Hempel has completed the acquisition of Wattyl Australia and New Zealand, increasing its footprint in Australia and New Zealand.On 18 February 2021, Hempel A/S signed an agreement to acquire leading paint and coatings manufacturer…
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Merkel Ally Calls for Moratorium on Nord Stream 2 Construction
Germany's coordinator for transatlantic relations called on Wednesday for a moratorium on the construction of the Nord Stream 2 natural gas pipeline from Russia to Europe, breaking ranks with many in Chancellor Angela Merkel's government.The United Sta...
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NOAA Launches West Coast, Gulf of Mexico Coastal Models
NOAA on Wednesday announced two new coastal condition forecast models intended to help enhance decision making for mariners along the West Coast and Northern Gulf of Mexico. The models provide continuous quality-controlled data on water levels…
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Biden Administration Aims for US Leadership in Offshore Wind -Official
The Biden administration aims to transform the United States into the world’s leading producer of energy from offshore wind after years of lagging behind Europe, a senior official said on Wednesday.President Joe Biden’s cabinet earlier this…
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