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GAC opens in Gibraltar

As part of its ongoing European growth strategy, the GAC Group has opened an office in Gibraltar to provide shipping and logistics support to its global customer base. GAC Gibraltar offers a full range of ship agency, husbandry and freight services, as well as ship-to-ship transfers and bunkering through GAC Bunker Fuels Ltd, to a variety of owners, operators and sectors including the energy industry. Strategically located at the entrance to the Mediterranean Sea, the port of Gibraltar serves as the primary supply point for passing ships. According to the ...

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First LNG bunkering Ship to Ship in Ghent

In a joint effort between the North Sea Port and Titan LNG, the first ship-to-ship LNG bunkering in the port of Ghent took place last night. Titan LNG delivered around 150 tons of LNG to The Fure Valo, an LNG powered tanker, built in 2018 and owned by the Swedish company Furetank. Last year Titan LNG delivered LNG by truck-to-ship, as the first in the North Sea Port of Ghent. Eric de Jong, Manager Logistics Titan LNG: “This LNG bunkering marks the expansion of LNG delivery in the ports of ...

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ABB Strikes ‘Holy Grail’ Of Subsea Power Systems For Offshore Energy Rigs

Oil and gas majors involved in offshore exploration and production projects often talk of the savings complete subsea factories – capable of powering hydrocarbon production from the seabed – could bring in terms of their capital and operational exposure. Instead, diesel and natural gas generators are found powering offshore operations in most cases, taking up valuable space on the rig as well as copious amounts of capital. Only other limited commercial power alternative is via subsea cables connecting offshore rigs to onshore power sources, but these too are limited by ...

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Diamond S Shipping Inc. Announces Pricing of Public Offering by Selling Shareholders

Diamond S Shipping Inc. announced today the pricing of an underwritten secondary offering of 4,021,604 of the Company’s common shares by funds affiliated with First Reserve and 660,870 of the Company’s common shares by funds affiliated with WL Ross & Co. LLC, as the selling shareholders, at a public offering price of $13.75. The selling shareholders granted the underwriter a 30-day option to purchase up to an additional 702,371 common shares in the aggregate. The offering is expected to close on or about November 25, 2019, subject to the satisfaction ...

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Ecochlor to Demonstrate its Ballast Water Management System at Marintec China

Ecochlor, Inc. will display its ballast water management system (BWMS) at Marintec China, Stand N3D5N, to give customers an opportunity to understand why the system is widely regarded as one of the best, most reliable technologies available worldwide. Ecochlor’s treatment technology is unique, using chlorine dioxide (ClO2) and generated by a simple process on board the vessel to treat the ballast water during a single pass at uptake. The system does not treat on discharge and there is no need for a neutralization stage. The Ecochlor BWMS offers a number ...

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TORM plc – Capital increase in TORM due to exercise of Restricted Share Units as part of the Company’s incentive program

TORM plc (“TORM”) will increase its share capital by 74,010 A-shares (corresponding to a nominal value of USD 740.1) as a result of the exercise of a corresponding number of Restricted Share Units. The capital increase will be carried out without any pre-emption rights for existing shareholders or others. The new shares have been subscribed for in cash at DKK 53.7 per A-share with a nominal value of USD 0.01 each. The new shares are ordinary shares without any special rights and are negotiable instruments. The new shares will be ...

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InterManager thanks seafarers for supporting its Enclosed Spaces Campaign

Seafarers who are helping to make working life at sea safer for their industry colleagues have been honoured by InterManager, the international trade association for the ship management sector. InterManager is leading industry calls for improved safety measures to avoid crew members losing their lives while working in dangerous, enclosed spaces. A key component for InterManager’s campaign to address these dangers is feedback received from the seafarers who regularly face these risks. InterManager Secretary General, Captain Kuba Szymanski, explained: “We wanted to hear from the seafarers themselves to find out ...

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WL Ross & Co. LLC Sells Stake at Diamond S Shipping Inc.

Diamond S Shipping Inc. announced the launch of an underwritten secondary offering of 4,021,604 of the Company’s common shares by funds affiliated with First Reserve and 660,870 of the Company’s common shares by funds affiliated with WL Ross & Co. LLC as the selling shareholders. The selling shareholders expect to grant the underwriter a 30-day option to purchase up to an additional 702,371 common shares in the aggregate. The Company will not receive any proceeds from the sale of the common shares by the selling shareholders in this offering. Source: ...

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MOL Group to Build Japan’s 1st LNG-fueled Ferries

Mitsui O.S.K. Lines, Ltd. and its group company Ferry Sunflower Limited yesterday announced plans to construct the first two LNG-fueled ferries in Japan, the Sunflower Kurenai and the Sunflower Murasaki (Vessel names are tentative). MOL plans to order the vessels from Mitsubishi Shipbuilding Co., Ltd. (President: Koji Okura; headquarters: Nishi-ku, Yokohama-shi) in December. Ferry Sunflower will charter the ferries after delivery and launch them on its Osaka-Beppu route from the end of 2022 through the first half of 2023, as replacements for vessels currently in service (Note 1). Reduced environmental ...

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China issues guideline to further develop intelligent shipping

Chinese authorities unveiled a guideline to further develop intelligent shipping as a new business model. The guideline, jointly released by seven government agencies including the Ministry of Transport and the National Development and Reform Commission, stressed the deep integration of high technologies with the shipping industry. By 2025, China aims to become a global shipping development and innovation center based on breakthroughs made in several key technologies, said the guideline. By 2035, the shipping industry will see new business models featuring sufficient intelligence and a high-quality intelligent shipping system will ...

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Ocean Network Express Chooses TPS Valparaíso To Launch XVELA Collaborative Platform in Latin America

XVELA, the world’s first maritime business network for ocean carriers and terminal operators, announced that Ocean Network Express (ONE) and TPS Valparaiso have successfully implemented XVELA as part of a partnership between the three companies announced earlier this year. ONE selected XVELA to help improve visibility and efficient data exchanges between various stakeholders and chose TPS Valparaiso as the launch point for its global collaboration campaign. Centrally located in Chile, TPS Valparaiso is one of the most important terminals in Chile. Through this implementation, ONE and TPS Valparaiso will be ...

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MEMC and DECKMA HAMBURG Join Forces

Middle East Maritime Consultants MEMC had recently signed a co-operation agreement with DECKMA HAMBURG GmbH, on October 30, 2019. With this agreement, Lebanon based MEMC will be the sole authorized agent for DECKMA HAMBURG GmbH product range, the Germany based marine and industrial Oil-in-Water Monitors and Systems Company since the early 1970’s, in the marine market of MEMC’s region, Lebanon and Syria. The agreement states that DECKMA HAMBURG GmbH supplies MEMC with product specifications and other sales data, and may, when necessary, be prepared by DECKMA HAMBURG GmbH for use ...

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Orolia Maritime reveals new PLB with Return

Global leader in emergency readiness and response, Orolia, is pleased to reveal details of the next evolution in life-saving technology, the FastFind ReturnLink PLB with Return Link System (RLS) capabilities. Orolia has worked closely with the European GNSS Agency (GSA) on the Galileo satellite system since being selected as the lead on development of next-generation search and rescue (SAR) distress beacons. Earlier this year Orolia broke new ground by introducing the world’s first Galileo Global Navigation Satellite System (GNSS) enabled PLBs. Building upon this, the new FastFind ReturnLink transmits the ...

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Six new LNG tankers due to arrive in Northwest Europe

Six more liquefied natural (LNG) gas tankers are due to arrive in Britain, Belgium and the Netherlands this week, data from port authorities and Refinitiv Eikon showed. * The Gaslog Savannah tanker, coming from the United States and with a capacity of around 153,000 cubic metres, is due to arrive at Britain’s South Hook terminal on Dec. 2, port authority data showed. * The Maran Gas Lindos tanker, coming from South America and with a capacity of around 156,000 cubic metres, is due to arrive at the Dutch port of ...

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Debunkering to rise, traders to play vital role as IMO 2020 nears: Sing Fuels MD

Debunkering activities are set to rise as an increasing number of shipowners opt for very low sulfur fuel oils as the main marine fuel choice to comply with the International Maritime Organization’s upcoming mandate, Sing Fuels MD Sonnich Thomsen said at an industry event in Singapore. “Tanks are already being cleaned so that ships can use 0.5% sulfur bunker fuels. Debunkering will also gather momentum due to the fuel oil carriage ban set to come into force from March 1, 2020,” Thomsen said at the Inaugural Bunker Fuel & Ballast ...

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