Indonesia's state oil company Pertamina's new unit, Pertamina International Shipping (PIS), is looking to spend $4 billion in the next seven years to refurbish its fleet of vessels and upgrade terminals, a top official said on Friday.The new unit plans...
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Seismic Firm Polarcus Set for Business Wind-down, Delisting from Oslo Exchange
Polarcus Limited, a seismic surveyor in liquidation, is set to be wound down and delisted from the Oslo Stock Exchange.As previously reported, in January this year, lenders took control of the company's vessels after a debt payment default,…
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Royal Caribbean Says Passengers Test Positive for COVID-19
Royal Caribbean Group said on Thursday two guests on its cruise liner, Adventure of the Seas, had tested positive for COVID-19.Both guests were not vaccinated and had been quarantined before they disembarked on Thursday in Freeport, The Bahamas…
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Russia Warns Britain It Will Bomb Ships Next Time
Russia warned Britain on Thursday that it would bomb British naval vessels in the Black Sea if there were any further provocative actions by the British navy off the coast of Russia-annexed Crimea.Russia summoned the British ambassador in Moscow…
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New ATB Handed Over to Crowley
Crowley said it recently took delivery of its new 55,000-barrel, articulated tug-barge (ATB), the Aurora/Qamun. The 410-foot vessel is the second ATB in Crowley’s fleet, after the Aveogan/Oliver Leavitt, to be dedicated to the Alaska market.
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Fincantieri Hosts Coin Ceremony for MSC’s Next Cruise Ship
A coin ceremony for MSC Cruises’ second Seaside EVO class ship was held on Thursday at Fincantieri’s shipyard in Monfalcone, Italy where the keel was laid. The name of the new ship was revealed – MSC Seascape.The newbuild, like her sister ship MSC Seas...
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Rolls-Royce, MAN Ink Deal on Turbochargers
Rolls-Royce and MAN Energy Solutions signed an agreement for a strategic partnership that will see MAN's PBST brand distribute mtu turbochargers. "With this cooperation, we are combining our competencies - on the one hand, PBST's global sales structure...
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Shipbuilding Numbers Stay Suppressed; Containerships Remain a Bright Spot
World fleet to grow by 6.4% over the coming five years, down from 7.4% in previous 5 years Global shipyards are under pressure and 2021 is turning out to bring the third lowest level of newbuilding orders in 12 years, despite new orders for…
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China Crude Processing Spikes to All-time High
Chinese refinery crude oil throughput has reached its highest level ever, with total processed volumes up 12% in the first five months of this year compared to 2020, and up 10.9% from the same period in 2019. In total 292.7m tonnes have been…
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15 Companies make the cut in PortXL Maritime Acceleration Program
Fifteen companies from 11 countries were selected by a panel of industry experts, investors and entrepreneurs for the 6th PortXL acceleration program in Rotterdam. Starting in September, they will spend three months in Rotterdam. The PortXL…
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