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Yearly Archives: 2023

Dogger Bank Produces First Power

The first phase of the Dogger Bank Wind Farm has started exporting electricity to British consumers.The 3.6GW Dogger Bank Wind Farm is being constructed in UK waters 70 nautical miles (130 kilometers, 80 miles) off the coast of Yorkshire in…
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Inspirit Completes CWind Acquisition

U.K. investment firm Inspirit Capital announced it has completed the carve-out of CWind, a provider of offshore wind support services, from Global Marine Group.CWind completes approximately 60,000 crew transfers annually, utilizing its fleet of crew tr...
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Israel Highlights Fragility of New Trade Corridors

A new and deadly chapter of the decades-old Israel-Palestinian conflict is a reality check for an ambitious trade route. The India-Middle East-Europe Economic Corridor (IMEC), championed by Washington last month on the sidelines of the G20 summit…
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ICS Launches CII Data Collection System

The International Chamber of Shipping (ICS), the global trade association for shipowners which represents over 80% of the world merchant fleet, today launches its Carbon Intensity Indicator (CII) Data Collection System.CII is a rating system…
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Israel’s Ashkelon Port Shut Down

Israel's port of Ashkelon and its oil terminal have been shut in the wake of the conflict between Israel and Islamist group Hamas, shipping and trade sources said on Monday.The port is located just over 10 kilometers (sox miles) from the border with th...
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Incat Crowther to Design 60-Meter FSIVs

Incat Crowther has been commissioned by Singaporean shipbuilder Lita Ocean to design three new ABS-classed monohull fast support intervention vessels (FSIVs) for Zamil Offshore.The new 60-metre FSIVs will assist Zamil Offshore with the efficient and sa...
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Ship Recycling Market Surges

After a dire summer that saw over USD 100/LDT wiped off vessel recycling prices in Indian sub-continent ship recycling markets (and even Turkey to an extent), nearly all of the markets have enjoyed an upward resurgence entering the fourth quarter…
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DNV Launches Guidelines for Onboard CCS

DNV has published new guidelines for the safe installation of onboard carbon capture and storage (CCS) system on board ships.Different methods for reducing greenhouse gas (GHG) emissions will be necessary to achieve international, regional, and nationa...
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