The owners of a container ship that blocked the Suez Canal in March have made a new offer in a compensation dispute with the canal authority, and a court ruling on the case was postponed for two weeks on Sunday to allow more time for negotiations.The…
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As Big Oil Pushes into Offshore Wind, Seabed Lease Prices Will Rise
The world's largest offshore wind developer Orsted is concerned that Big Oil's eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters.European oil firms includin...
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Odfjell’s WindGrid Floating Wind System Passes Milestone, Aims to Help O&G cut Emissions
DNV completed a concept verification review of Odfjell Oceanwind’s WindGrid (WindGrid) system for Mobile Offshore Wind Units (MOWUs). DNV’s review confirms the technical feasibility of the WindGrid system, and that expected reductions in CO2…
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$279m Royal Yacht a ‘Good Idea’
The British government's plans to build a 200 million pound ($276.3 million) successor to the Royal Yacht Britannia, which was retired in 1997, are a good idea, Business Secretary Kwasi Kwarteng said on Monday."I think it is a good idea actually…
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Maersk VC co-leads Funding Round in Egyptian Freight Logistics Start Up
Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its chief executive said.Founded three years ago in Cairo…
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U.S. Coast Guard Welcomes New Vice Commandant
Adm. Linda L. Fagan has taken over as vice commandant of the U.S. Coast Guard, relieving Adm. Charles W. Ray during a military change-of-command ceremony held Friday at U.S. Coast Guard Headquarters.Adm. Fagan most recently served as the commander of ...
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New LNG Carrier Delivered to GasLog
Greek shipowner GasLog has taken delivery of a new 180,000m3 XDF liquefied natural gas (LNG) carrier, GasLog Wellington.The third in a series of four new vessels being built for GasLog by Samsung Heavy Industries in South Korea, the ship will…
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Early-season Gulf of Mexico Storm Trims Some US Oil Production
The first storm to hit oil-producing regions of the U.S. Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production.A weather disturbance in the central Gulf of Mexico was expected to become a tropical storm on Friday.
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Sutton Named Chief Information Officer at Newport News
America’s largest military shipbuilding company Huntington Ingalls Industries (HII) announced on Friday that Jason Sutton has been promoted to chief information officer for its Newport News Shipbuilding division, effective June 21.Sutton will…
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Wärtsilä Inks Services Deal with Nakilat
Wärtsilä said it has signed support agreements for liquefied natural gas (LNG) carriers owned by Qatar-based shipping company Nakilat.Wärtsilä is the supplier of the LNG reliquefaction systems onboard all of the QFlex vessels covered by the agreements…...
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