Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said.The production storage and offloading (FPSO) facility is expected to add 220…
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FarSounder, Navtor Partner
FarSounder and Navtor announces a new partnership, with FarSounder now including support for NAVTOR official ENC chart data in itsbase software package.Navtor is centered on creating e-Navigation tools that are safe, simple and efficient. Similarly…
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Shipbuilding: DSME Delivers another LNG Carrier to Nakilat
Nakilat has taken delivery of a newbuild LNG carrier dubbed Global Sea Spirit, a ship to be commercially and technically managed in-house by Nakilat Shipping Qatar Limited (NSQL). Built by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea…
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Wärtsilä Forecasts Q4 Surge in Demand, Shares Jump
Finnish engineering group Wärtsilä forecast a surge in demand for its products in the final three months of the year, sending its shares sharply higher, as its CEO said prospects were strongest for its marine business.The ship technology and power-plan...
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NYK and Partners to Develop Ammonia-fueled Vessels
Japan's Nippon Yusen KK (NYK) and its partners said on Tuesday they will conduct a demonstration project to develop commercial vessels equipped with ammonia-fueled engines to help reduce carbon dioxide emissions to tackle climate change.The shipping in...
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Baltic Dry Index Extends Losses
The Baltic Exchange's dry bulk sea freight index fell for a fourth straight session Tuesday, weighed down by weak demand across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels…
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Tekorius to Succeed Furman as Greenbrier CEO
The Greenbrier Companies, Inc., supplier of equipment and services to global freight transportation markets, announced on Tuesday that its Board of Directors appointed President and Chief Operating Officer (COO), Lorie Tekorius, as the company's next C...
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International Seaways Refinances Six Tankers
New York-headquartered tanker shipping company International Seaways, Inc. on Tuesday announced it has signed agreements with Ocean Yield ASA (“Ocean Yield”) for the refinancing of six vessels in sale leaseback transactions.The bareboat charter…
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Shed the Satellite: Quantum Sensors hold Promise for Future GPS-Free Navigation
Don’t let the titanium metal walls or the sapphire windows fool you. It’s what’s on the inside of this small, curious device that could someday kick off a new era of navigation.For more than a year, the avocado-sized vacuum chamber has contained…
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Russian Navy Destroyer Fends Off Pirate Attack on Container Ship
A Russian Navy destroyer has fended off a pirate attack on a container ship near the western coast of Africa, Russia's Defence Ministry said on Tuesday.Destroyer Vice Admiral Kulakov received a distress signal from Panama-registered container ship Luci...
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