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Greece, China Pen Multi-Billion Shipbuilding, Trade Deals

Greece, China Pen Multi-Billion Shipbuilding, Trade Deals

Greece and China have signed multiple trade and investment agreements in areas including shipping and energy worth approximately $4.6 billion, according to the Greek Development Ministry.

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How Iraq Could Trigger a Domino Effect in Global Oil Production

How Iraq Could Trigger a Domino Effect in Global Oil Production

As Sunni insurgents of the militant Islamic State of Iraq and the Levant (ISIS) threaten civilians in northern Iraq, recipients of the country’s crude oil production are jittery over the effect it may have on barrel prices worldwide.

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Siemens to supply gear units for coal-fired power plants in India

Siemens to supply gear units for coal-fired power plants in India

Siemens has been awarded a contract by Bharat Heavy Electricals (BHEL) for supply of large gear units and gear components for vertical mills for coal grinding.

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Fortum Värme receives €260m loan for Swedish biomass plant construction

Fortum Värme receives €260m loan for Swedish biomass plant construction

Swedish energy firm Fortum Värme has secured a €260m loan for the construction of a new combined heat and power biomass plant in Stockholm, from the European Investment Bank (EIB).

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ICS: 30 Pct More Efficient Ships to Enter Market by 2030

ICS: 30 Pct More Efficient Ships to Enter Market by 2030

Shipping is the only industry with a mandatory global regime in place, agreed by the International Maritime Organization

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Govts Urged to Uniform Procedures ahead of Low Sulphur Switch

Govts Urged to Uniform Procedures ahead of Low Sulphur Switch

Pressing challenges associated with the need for ships trading to Emission Control Areas

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Fire aboard LNG Carrier Explorer, No Casualties

Fire aboard LNG Carrier Explorer, No Casualties

Exmar Shipmanagement NV, managers of the LNG carrier ‘Explorer’ confirmed that the vessel

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SCPA Okays $113.5 Mln Infrastructural Investment

SCPA Okays $113.5 Mln Infrastructural Investment

Building upon the record-setting May volumes announced recently, the South Carolina Ports Authority

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CNCo Orders Four Handysize Bulkers

CNCo Orders Four Handysize Bulkers

China Navigation Company (CNCo), the deepsea shipping arm of the Swire Group, has signed contracts for four handysize vessels for delivery from Imabari Shipbuilding Co., Ltd in Japan.

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Small Tankers Targeted by South China Sea Pirates

Small Tankers Targeted by South China Sea Pirates

The ICC Commercial Crime Services’ International Maritime Bureau (IMB) is warning small tankers to maintain strict anti-piracy measures in the South China Sea following a spate of tanker hijackings in the region.

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AMSA Reiterates Maritime Security ID Scam Warning

AMSA Reiterates Maritime Security ID Scam Warning

The Australian Maritime Safety Authority (AMSA) is urging people to beware of a global scam offering

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ECSA: Sulphur Directive’s Implementation Shouldn’t Affect Competitiveness

ECSA: Sulphur Directive’s Implementation Shouldn’t Affect Competitiveness

Today is the deadline by which EU Member States have to transpose the European Sulphur Directive

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UK, Chinese Firms Close Multi-Billion Trade Deals

UK, Chinese Firms Close Multi-Billion Trade Deals

The UK and Chinese firms have signed £14 billion (circa USD 23.7 billion) of trade and investment deals as the Chinese Premier Li Keqiang meet

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Yangzijiang Secures First 260,000DWT VLOCs Order

Yangzijiang Secures First 260,000DWT VLOCs Order

Yangzijiang Shipbuilding (Holdings) Limited has secured a shipbuilding contract for four 260,000DWT very large ore carriers (VLOC).

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Wartsila Engines Successfully Pass Crucial Tests

Wartsila Engines Successfully Pass Crucial Tests

Both the Wärtsilä X72 and the Wärtsilä X62 two-stroke engines have recently successfully passed important tests that verify various performance criteria.

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China Rejects P3 Network, Plan Abandoned

China Rejects P3 Network, Plan Abandoned

The Ministry of Commerce (MOFCOM) of the People’s Republic of China denied support to the P3 Network

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Chinese Ports Switch to CCAM System

Chinese Ports Switch to CCAM System

China Customs Head Office has ordered all Chinese ports to stop using old manifest system and implement the new CCAM system as of June 30, 2014.

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Port of Los Angeles: Container Volumes on the Rise

Port of Los Angeles: Container Volumes on the Rise

The Port of Los Angeles has released its May 2014 containerized cargo volumes.

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Bahri, Aramco Vela Seal Historic Merger

Bahri, Aramco Vela Seal Historic Merger

A merger of two shipping giants worth $1.3 billion, the biggest in the Saudi Arabian history

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COSCO Embarks on Bulker Shopping Spree

COSCO Embarks on Bulker Shopping Spree

Prosperity Investment, a wholly-owned subsidiary of China COSCO Holdings

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