Dutch FPSO leasing specialist SBM Offshore has secured a firm deal with Petrobras to lease and operate a newbuild FPSO at its giant Buzios offshore oil field in Brazil.The firm contract, for the 26.25 years lease and operation of the FPSO to be named A...
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Lebak Becomes Head of Huntington Ingalls Industries’ N3B Joint Venture
Huntington Ingalls Industries, the U.S. largest military shipbuilding company, said Tuesday that Kimberly Lebak of its Technical Solutions division has been named president and general manager of HII Nuclear-led joint venture Newport News Nuclear…
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Maiden Voyage: Stena Line’s New Ferry Arrives In Sweden (GALLERY)
Swedish ferry company Stena Line's new ferry Stena Scandica arrived in the port of Nynäshamn in Sweden this morning when it completed its overnight maiden voyage from Ventspils, Latvia.Stena Scandica is the first of two new large and modern…
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Florida Senators Move to Firm Up Offshore Drilling Ban
U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced the American Shores Protection Act to codify the moratorium on oil and gas drilling off the coasts of Florida that was put in place by September 8, 2020, Executive Order by then-Presiden...
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Baltic Index Ends Four-day Winning Streak
The Baltic Exchange's main sea freight index snapped four sessions of gains on Tuesday due to lower rates in the capesize and panamax vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bul...
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UECC’s Edvardsen on Decarbonization: “There is no perfect solution, start the journey now”
UECC has emerged as a leader in regards to decarbonization, with an order earlier this year for its third LNG battery/hybrid Pure Car/Truck Carrier (PCTC). Glenn Edvandsen, CEO, discusses the strategy and the future for this Oslo-based ship owner.Glenn…
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Wind Boost: MOL Plans to Install Sails on Cranes of Dry Bulk Vessels
Japanese shipping giant Mitsui O.S.K.
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Cyber Attack: Force Majeure at Port Terminals in South Africa to be Lifted ‘Soon’
South African freight logistic firm Transnet said on Tuesday the force majeure communicated by its port terminals to customers would be "lifted soon" after progress was made in restoring its IT systems following a cyber attack.Transnet said…
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HFW Helps Shanghai Shipyard in $170M Drillship Case Dispute
Law firm HFW said Tuesday it had advised Chinese shipbuilder Shanghai Shipyard on a UK Court of Appeal win relating to a US$170 million payment under a shipbuilding contract for an offshore drillship.The Court of Appeal overturned an April 2020…
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BP Partners Up with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
Oil major BP and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have partnered up to work on the development of new alternative fuels and low carbon solutions for the shipping industry.As a strategic partner to the Center, BP will…
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