Meyer Group has appointed Bernd Eikens as Group CEO starting in December 2023.Eikens has worked in different management positions for UPM-Kymmene for 25 years, since 2013 as a member of the group executive team. His international career includes positi...
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US Coast Guard Joins Papua New Guinea Maritime Security Operation
Papua New Guinea (PNG) has invited the USCGC Myrtle Hazard (WPC 1139) to join their lead in maritime operations to combat illegal fishing and safeguard maritime resources during August 2023.This marks the first time a joint patrol effort will…
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Volvo Penta Expands Marine Services in Central America
Volvo Penta announced it has entered into a new partnership with SVF Panama, part of the SVF Group, to support its customers with marine services in Panama and Costa Rica.In recent years, Volvo Penta has steadily expanded its service and support networ...
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Kirby Christens the US’ First Plug-in Hybrid Electric Inland Towboat
The United States' first plug-in hybrid electric inland towing vessel was christened at a ceremony in Houston on Friday as the commercial marine industry continues to implement new technologies to reduce its environmental footprint.Kirby Inland…
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Ukrainian, Turkish Foreign Ministers Say Black Sea Deal Must be Renewed
The Turkish and Ukrainian foreign ministers said on Friday that other solutions to the export of Ukrainian grain than the Black Sea grain deal, which ended after Russia quit last month, were less optimal.The deal brokered by Turkey and the United…
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Lauritzen Adds Three Secondhand Bulk Carriers
Lauritzen Bulkers announced it has taken full ownership of three additional secondhand bulk carrier vessels in the month of August.The three geared capesizes were built between 2015 and 2017.Asian Bulker is a handysize built in 2017 with a summer DWT o...
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Baltic Dry Index Logs Worst Week in More than Two Months
The Baltic Exchange's main sea freight index fell on Friday to finish its worst week since early-June, weighed down by lower rates for capesize and panamax vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping ve...
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Spanish Police Make Record Cocaine Bust in Ecuadorean Banana Shipment
Spanish police have made a record cocaine seizure, finding 9.5 tonnes of the drug hidden among boxes of bananas in a shipping container from Ecuador in the southern port of Algeciras.The stash was the largest ever found in a single container in Spain…
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NYK to Conduct Study on Transportation of Liquefied CO2
On August 25, NYK was commissioned by a consortium comprising ENEOS Corporation, Electric Power Development (J-POWER), and JX Nippon Oil & Gas Exploration to conduct a study on the marine transportation of liquefied carbon dioxide (CO2).The…
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Panama Canal to Extend Transit Restrictions
The Panama Canal expects to maintain restrictions on daily vessel transit and maximum draft for at least 10 more months amid a prolonged drought that has lowered the water level, an official from the waterway said on Thursday.The canal's authority earl...
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