Italian company Somec has secured new orders worth 100 million euros (~$121,8 million) from Fincantieri to equip nine newbuild cruise ships.The contract, secured by Somec's Seascape division – Marine Glazing and Marine Public Area segment -…
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If EURO2020 was Decided by Shipping-related Factors, Who Would Win?
The European Football Championship is on the verge –and kicking off on Friday June 11. Therefore, BIMCO’s shipping number of the week had to be football-infused today. Adding extra topping to this sporting feast is the fact that the 2021 Copa…
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Trafigura Posts Highest-ever First Half Profit
Global commodities trader Trafigura on Thursday posted its highest-ever first-half net profit and core earnings, largely driven by the economic recovery.The Geneva-based trader's net profit rose to $2.1 billion for the period ending March 31, from 500 ...
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UK MCA to Conduct Surprise Inspections of Fishing Vessels after Fatalities Spike
Surveyors from the UK Maritime and Coastguard Agency are to carry out unannounced inspections of fishing vessels across the UK with the aim of increasing safety in the industry after a growing number of fatalities."The inspections are being…
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COVID-19-hit Asia Ships More Gasoline to U.S.
Exports of gasoline and blend stocks from Asia to the United States rebounded in May from April, including two rare shipments from India, to meet rising summer demand in the west, industry sources and analysts told Reuters.Global gasoline demand…
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Ingalls Wins Planning Yard Contract Potentially Worth $724 Million
America’s largest military shipbuilding company Huntington Ingalls Industries (HII) announced on Tuesday that its Ingalls Shipbuilding division has been awarded a contract with a potential total value of $724 million for planning yard services…
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Marine Economy Contributes Nearly $400 Billion to US GDP
America’s marine economy contributed about $397 billion to the nation’s gross domestic product in 2019 and grew faster than the nation’s economy as a whole, according to the most current results of the first official Marine Economy Satellite…
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US Explores Wind Energy Potential in Gulf of Mexico
The Biden administration on Tuesday said it will explore the potential of offshore wind energy development in the Gulf of Mexico, part of its goal to supercharge growth in clean energy over the next decade."This is an important first step to see what r...
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ABB to Equip MBARI’s New Research Vessel
ABB said it will supply power integration technology to support operations on a new research vessel being built for the MBARI (Monterey Bay Aquarium Research Institute) at Freire Shipyard in Vigo, Spain.Earlier this year, MBARI, located in Moss Landing…
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Seaspan Shipyards Invests in Indigenous Marine Skills Training
Canadian shipbuilder Seaspan Shipyards announced it is investing $1.35 million to increase training and apprenticeship opportunities for Indigenous students aged 19 through 30 interested in building a career in the trades, including in the growing ship...
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