A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday.The global…
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Investcorp to Invest $550M in Oman’s Port of Duqm Expansion
Alternative investment firm Investcorp has signed a cooperation agreement to invest in a $550 million infrastructure project in Port of Duqm in Oman.Investcorp Aberdeen Infrastructure Partners (AIIP) – a joint venture with Aberdeen plc, will be the sha...
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Guyana Passes Bill Making Firms Liable for Oil Spill Damages
Guyana's parliament passed an oil pollution bill late on Friday that holds parties liable for damages caused by oil spills, including from vessels.The bill, which passed with a majority of votes cast in a simple voice vote, is expected to soon be signe...
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Lamprell, Dong Fang Offshore Sign Wind Turbine Installation Vessel Deal
Lamprell has signed a memorandum of understanding (MoU) with Dong Fang Offshore (DFO) for a newbuild NG-9000X wind turbine installation and maintenance vessel.The newbuild vessel will support offshore wind activities in the Asia Pacific region…
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Akastor Cancels $25M Sale of Skandi Peregrino AHTS Vessel
Akastor’s fully-owned subsidiary DDW Offshore has canceled the sale of Skandi Peregrino anchor handling tug supply (AHTS) vessel.The agreement to sell Skandi Peregrino AHTS, first announced in early March 2025, was conditional on charterer's consent.At...
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Ship Recyclers Face Confusing Market Fundamentals
Ship recycling markets saw the U.S. dollar surge against nearly all ship recycling nation currencies (except China) last week, reports cash buyer GMS.Steel plate prices firmed / declined / flatlined in a series of confusing signals to ship recyclers an...
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EU Ministers Sign Non-Protectionist Maritime Strategy Declaration
EU ministers signed the Szczecin Declaration on the EU maritime industrial strategy during the 11th International Maritime Congress in Poland last week.European Shipowners have welcomed the move, saying that at a time of rising protectionism across the...
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Coast Guard Investigates Fires in Puerto Rico
The US Coast Guard Sector San Juan marine investigators and vessel inspection teams are investigating two separate and unrelated vessel fires in Puerto Rico.Both vessel fires were successfully extinguished, and there are currently no reports…
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New Survey Data Highlights Lack of Gender Diversity in Maritime Industry
The second Women in Maritime survey, jointly published by the International Maritime Organization (IMO) and the Women’s International Shipping & Trading Association (WISTA), provides new insights into gender diversity within the industry. The…
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US Freight Industry Hopes for Back-to-School Demand Boost After Tariff Truce
A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for the U.S. freight industry, as importers rush to lock in shipments ahead of the busy back-to-school period, experts said.The $906 billion U.S. trucking industry…
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