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Nova Innovation, Sabella Join Forces To Progress Tidal Power In UK And France

Nova Innovation, Sabella Join Forces To Progress Tidal Power In UK And France

Scottish tidal energy developer Nova Innovation and its French counterpart Sabella have signed a memorandum of understanding (MoU) to accelerate...
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Baltic Index Rallies For Fifth Day On Stronger Capesize, Panamax Rates

Baltic Index Rallies For Fifth Day On Stronger Capesize, Panamax Rates

Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fifth straight session,...
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LR To Focus Growth On Maritime Industry With Expanded Role And Service Offering

LR To Focus Growth On Maritime Industry With Expanded Role And Service Offering

Business Assurance & Inspection Services division to be set up as an independent business, branded LRQA, to be acquired by...
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AqualisBraemar LOC Wraps Up Sable Campaign For ExxonMobil

AqualisBraemar LOC Wraps Up Sable Campaign For ExxonMobil

Energy and marine consultant AqualisBraemar LOC has completed its assignment in connection with the decommissioning and removal campaign of the...
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Saipem Rents Ex-Ocean Rig Drillship From Samsung Heavy

Saipem Rents Ex-Ocean Rig Drillship From Samsung Heavy

Italian oilfield contractor Saipem has signed a bareboat charter contract with Samsung Heavy Industries for a new drillship, the Samsung...
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Dubai Futures: August EFS Widens Above $4/b Mark; Spot Activity Remains Tepid

Dubai Futures: August EFS Widens Above $4/b Mark; Spot Activity Remains Tepid

Front-month Brent/Dubai Exchange of Futures for Swaps widened mid-morning June 28, amid tepid spot activity as market participants shift their...
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Baltic Index Hits 11-Year High On Gains Across Segments

Baltic Index Hits 11-Year High On Gains Across Segments

Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak...
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Iron Ore Advances As China Port Stocks Hit Over 8-Month Low

Iron Ore Advances As China Port Stocks Hit Over 8-Month Low

Iron ore futures in Asia rose on Monday, supported by a steady decline in portside stockpiles of the steelmaking ingredient...
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Extreme Freight Rates Begin To Change Shippers’ Calculations

Extreme Freight Rates Begin To Change Shippers’ Calculations

The containerized shipping industry has been essential to global commerce for its low shipping costs. However, high freight rates are...
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VLCC Market On Steady Course For Yet Another Week

VLCC Market On Steady Course For Yet Another Week

VLCC In the Middle East, the market for 280,000mt to US Gulf (routing via the Cape/Cape) continues to be assessed...
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DP World And Somaliland Open New Terminal At Berbera Port

DP World And Somaliland Open New Terminal At Berbera Port

DP World and the Government of Somaliland, have inaugurated the new container terminal at Berbera Port, following completion of the...
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Hapag-Lloyd, ONE Wrap Up Integration With TradeLens

Hapag-Lloyd, ONE Wrap Up Integration With TradeLens

Germany-based company Hapag-Lloyd and Japan’s Ocean Network Express (ONE) have completed the integration with TradeLens, a blockchain-enabled digital shipping platform. As...
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Heddle Shipyards Becomes Newest Green Marine Member

Heddle Shipyards Becomes Newest Green Marine Member

Heddle Shipyards, a Canada-based operator of shipyards and drydocks, is the newest participant in Green Marine – the largest voluntary...
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Wärtsilä And Global Energy Ventures To Cooperate On Propulsion Solutions For Hydrogen Vessel

Wärtsilä And Global Energy Ventures To Cooperate On Propulsion Solutions For Hydrogen Vessel

The technology group Wärtsilä has signed a Memorandum of Understanding (MOU) with Global Energy Ventures (GEV) of Australia to cooperate...
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Synergy Group: Action Not Platitudes Needed On Day Of The Seafarer

Synergy Group: Action Not Platitudes Needed On Day Of The Seafarer

After a year of seafarer mistreatment by governments and ineffective lobbying on their behalf by the shipping industry, stronger action...
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Portsmouth Southsea Coastal Scheme In Full Swing

Portsmouth Southsea Coastal Scheme In Full Swing

In their latest project update, the officials introduced plans to extend working hours on the beach during December in order...
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China’s First Offshore Large-Sized Deepwater Gas Field Starts Production

China’s First Offshore Large-Sized Deepwater Gas Field Starts Production

CNOOC Limited has started production from China’s first offshore large-sized independent deepwater gas field, Lingshui 17-2 gas field. The Lingshui...
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Ship Finance For Greek Shipping Declined By 6.24% In 2020, As Loan Value Fell Under $50 Billion

Ship Finance For Greek Shipping Declined By 6.24% In 2020, As Loan Value Fell Under $50 Billion

Afurther reduction of the overall loans towards Greek shipping companies is the main conclusion from the latest annual review of...
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Pole Star Acquires Start-up Vasanda To Strengthen Sustainability Offering

Pole Star Acquires Start-up Vasanda To Strengthen Sustainability Offering

The acquisition, which follows growth investment in Pole Star in April 2021, will provide a new single-point, end-to-end screening solution for...
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Equity And Bank Finance Making A Comeback In Shipping

Equity And Bank Finance Making A Comeback In Shipping

On the equity front, shipping is back in favour with investors big time. “The environment is such that investors are...
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