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Avance Gas sells its VLGC fleet for $1bln to BW LPG with expected gain on sale of approximately $315 mln

Avance Gas Holding Ltd. has on August 15, 2024, entered into an agreement with BW LPG Ltd to sell its fleet of Very Large Gas Carriers (VLGC) for a consideration of $1,050 million, according to the company’s release. The Avance Gas VLGC fleet today consists of...
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Alexandria Ports to secure EGP 6B loan for infrastructure upgrade

Alexandria Port Authority is planning to borrow EGP 6 billion from a banking consortium led by the National Bank of Egypt (NBE), unnamed officials told Asharq Business. The loan will be used to finance infrastructure development at the port, the official added. The...
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The Port of Gothenburg and Castellum to develop the first 45,000 sqm in new joint venture logistics park

The Gothenburg Port Authority and Castellum are jointly developing a fully leased, efficient, and sustainable logistics facility in a prime location at Halvorsäng, just north of the port’s terminals. Construction is set to begin in the fall of 2024. The tenant is the...
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Goltens teams up with Greener Process Systems for carbon capture in ports and power plants

Goltens teams up with Greener Process Systems for carbon capture in ports and power plants
Goltens, a global leader in marine and energy services, and South Florida-based Greener Process Systems (GPS), a specialist in carbon capture technology, have signed a Memorandum of Understanding (MOU) to collaborate on developing and deploying carbon capture...
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AMP streamlines flagging procedures with new digital functions

The Panama Maritime Authority (AMP) revolutionizes the flagging processes by incorporating three new functionalities into its PKI digital platform. From now on, the special flagging procedures for Laid Up and Charter, as well as requests for extensions of Radio...
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Mental Health Support Solutions Urges Authorities to Address the Impact of Social Media Misinformation on Indian Seafarers

Mental Health Support Solutions Urges Authorities to Address the Impact of Social Media Misinformation on Indian Seafarers
Although having access to connectivity at sea is widely considered an important part of seafarer wellbeing, there are emerging signs of negative consequences. Mental Health Support Solutions (MHSS) has witnessed first-hand the detrimental effects of social media on...
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