“The United States military flies, sails, and operates anywhere international law allows.”The 1982 Law of the Sea Convention recognizes the rights and freedoms of all nations to engage in traditional uses of the sea. According to the Department…
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Demand Soaring for Offshore Wind Farm Installation Vessels
World Energy Reports estimate that more than 100 wind farm installation and maintenance vessels will be required over the next decade. This is due to the proliferation of offshore wind farm projects planned for construction over the next 10 years.Last ...
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Ship Fuel Tank Designer GTT Names New CFO
GTT, a French company designing LNG tanks for gas carriers and cargo ships, has named Virginie Aubagnac its new Chief Financial Officer. With nearly 20 years of experience in finance, she joined GTT in April 2021 as Special Advisor to the Chairman.
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Gallery: Heerema’s ‘Thialf’ Installs Cassia C Platform for BP Offshore Trinidad
Offshore installation company Heerema Marine Contractors has completed the installation of BP's Cassia Compression (Cassia C) platform in Trinidad and Tobago.Heerema brought the Cassia Compression structures on July 15 from the Altamira fabrication…
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Baltic Index Falls on Weaker Panamax, Capesize Rates
The Baltic Exchange's main sea freight index fell on Wednesday, as weaker demand for panamax and capesize vessels weighed.The index, which factors in rates for capesize, panamax, and supramax shipping vessels carrying dry bulk commodities, fell 12 poin...
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Medcenter Container Terminal Orders 12 Straddle Carriers from Kalmar
Kalmar, part of Cargotec, has received an order of 12 diesel-electric straddle carriers from Medcenter Container Terminal (MCT) in Italy.Located in the southern Italian port of Gioia Tauro, MCT, owned and operated by Terminal Investment Limited (TIL)…
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Guyana in Focus: ExxonMobil Finds More Oil; FPSO Appetite ‘Huge’
U.S. oil major ExxonMobil has made another oil discovery at the prolific Stabroek offshore block in Guyana. This adds to around nine billion barrels of oil equivalent discovered over the past few years and paves way for future development.The…
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MOD to acquire Sheffield Forgemasters
Sheffield Forgemasters’ shareholders have agreed to sell its entire share capital to the Ministry of Defence (MoD) to support a substantial recapitalization of its defence-critical plant, equipment and infrastructure necessary to secure the…
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LNG Price Recovery Spurs Spending in Race against Carbon Targets
The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term.Renewed optimism as the i...
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Ocearch Launches 41st White Shark Research Expedition
Non-profit organization Ocearch said Tuesday it was embarking on its 41st ocean research expedition "to help solve the life history puzzle of the Northwest Atlantic white shark."Alongside 42 scientists and 28 research institutions the organization…
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