Virgin Voyages, the cruise brand from Richard Branson's Virgin Group, said on Friday it has raised $550 million in fresh capital to expand into new international markets.The funding was led by Ares Management with participation from existing investors…
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Philippines Condemns Chinese Harassment of Supply Boats to Disputed Atoll
The Philippines condemned China's coast guard and "maritime militia" on Friday for what it described as "illegal, aggressive and destabilising" behaviour towards its boats during a routine rotation and resupply mission in the South China Sea.Vice…
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US Says it Disrupts Illicit Oil Shipment by Iran’s IRGC
The United States on Friday said it has halted a multi-million dollar shipment of crude oil by the Islamic Revolutionary Guard Corps (IRGC) being shipped in violation of sanctions against Iran, and seized more than 980,000 barrels of contraband…
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New LCO2 Cargo Tank Design Gets KR Approval
KR (Korean Register) has granted an approval in principle (AIP) for a liquefied carbon dioxide (LCO2) cargo tank design, developed by Hyundai Mipo Dockyard (HMD) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE), during this weeks Gastech…
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Sierra Leone Hit by Power Cuts after Turkish Power Ship Switches Off Supply over Unpaid Debt
Sierra Leone's capital Freetown has been hit by power cuts after Turkey's Karpowership switched off the electricity supply due to an unpaid debt of around $40 million, the energy minister said on Friday.Minister Kanja Sesay told Reuters that…
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ABS Grants AiP for World’s First Carbon Emission-free LNG Carrier Design
Maritime classification society ABS has issued an approval in principle (AIP) to Hanwha Ocean for its design of a liquified natural gas (LNG) carrier equipped with an ammonia-fueled gas turbine.ABS also issued an AIP to Hanwha Power Systems for its sup...
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Four Former US Navy Officers Cleared in Fat Leonard Case Due to Prosecutor Misconduct
Four former U.S. Navy officers charged in a massive bribery scandal linked to the man known as Fat Leonard were cleared of felony charges on Wednesday by a judge citing prosecutor misconduct.U.S. District Judge Janis Sammartino said in a sentencing…
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ABS Approves Emissions Reduction Tech for Ammonia-fueled Ships
Classification society ABS announced it issued an approval in principle (AIP) to South Korea's HD Korea Shipbuilding & Offshore Engineering (KSOE) and HD Hyundai Heavy Industries (HHI) for their ammonia reductant supply system for selective catalytic r...
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15 Nations Sign Beijing Convention
The United Nations Convention on the International Effects of Judicial Sales of Ships (also known as the Beijing Convention) was signed by 15 nations and regions at a signing ceremony in Beijing on September 5, 2023.Signatories were: China, Burkino Fas...
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Shipping Will Need a Third of World’s Carbon Neutral Fuel by 2030
According to the latest edition of DNV’s Maritime Forecast to 2050, the shipping industry will find it challenging to secure enough supply of carbon-neutral fuels.To meet the anticipated demand of 17 million tonnes of oil equivalent (Mtoe) annually by ...
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