The U.S. Interior Department on Tuesday named Elizabeth Klein, a lawyer who worked in the Obama and Clinton administrations, to head the bureau that oversees offshore oil, gas and wind development.Klein will take over for the current head of the Bureau...
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Dry Bulk: Panamax Rates Hit Lowest in Two Years
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Tuesday, on lower rates for all vessel segments as panamaxes hit their lowest level in two years.The overall index, which factors in rates ...
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US Container Imports Retreat to Pre-pandemic Level
U.S. imports of goods in ocean shipping containers in December fell to levels approaching those last seen before the COVID-19 pandemic, a new report said on Tuesday.Demand for kitchen appliances, furniture, big-screen TVs, apparel and other…
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UK Navy Rescues Five from Sinking Tug
Five mariners were rescued by the crew of a U.K. Royal Navy patrol ship after their tug started to sink in rough seas last week in the Caribbean.The oceangoing tug began taking on water after suffering an engine failure some 20 miles west of Sint Maarten.
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Philippines’ Supreme Court Voids 2005 South China Sea Oil & Gas Exploration Deal
The Supreme Court in the Philippines on Tuesday declared the country's 2005 energy exploration agreement with Chinese and Vietnamese firms was illegal, ruling that the constitution does not allow foreign entities to exploit natural resources.
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Satcom: Intellian expands XEO Series
Intellian expanded its XEO Series, a Ku/Ka electronically switching dual-band multi-orbit VSAT antennas, with the addition of the X100D and X150D. The XEO Series were first unveiled in March 2022 at the Satellite Show, leading to Intellian’s design of ...
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Tech File: Repower After Layup at the Thai Marine Department
A well-built, modern vessel can be expected to outlive her original engines. The challenge for those representing the owners, is to choose new engines that match or exceed the capabilities of the original power. Consideration will be given to replicas ...
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Oil Tanker Groups Frontline and Euronav Scrap $4.2 Billion Merger
Oil tanker company Frontline said on Monday a $4.2 billion deal to merge with rival Euronav NV was terminated, a combination which would have created the world's largest publicly listed tanker company.Frontline will not make a voluntary conditional…
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Kiewit Corporation Acquires Weeks Marine
Omaha-headquartered construction company Kiewit Corporation on January 1, 2023 completed its acquisition of Cranford, N.J.-based marine construction and dredging contractor Weeks Marine and its subsidiaries for an undisclosed amount.Weeks Marine and it...
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EU Regulators to Rule on Viasat’s Inmarsat Takeover by Feb. 13
EU antitrust regulators will decide by Feb. 13 whether to clear U.S.
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