Monthly Archives: June 2021

Taiwanese bulk transport specialist enters offshore wind

Taiwanese bulk carrier U-Ming Marine Transport Corporation has entered into a joint venture agreement with Denmark’s World Marine Offshore to jointly establish U-Ming Marine Offshore Company Limited (UMO). The two companies will pursue activities in the offshore wind sector in Taiwan through UMO. UMO has a contract to build two …

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In ship recycling it is “tanker time”

According to GMS, the markets for ship recycling continue to develop well. The tonnage supply continues to focus primarily on wet and offshore units – particularly OSVs, FSUs, Aframax tankers, MRs and smaller bunker tankers. Pakistan in particular leads the way with some of the best numbers (especially on select …

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Huge demand for cruises exceeds supply

Donald Arnold said Americans were dying to return to Carnival Corp’s cruises. “We have a lot more demand than we currently have ships available,” he told Fox Business. He added that the likelihood of a COVID-19 outbreak on board was “very low” but could not be ruled out. Check out …

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Merchant ship crews are still stuck at sea amid a pandemic

Swansea, WALES – More than 15 months after the coronavirus pandemic, tens of thousands of seafarers vital to the global shipping industry remain stranded at sea or in ports and unable to leave their ships or take up new duties due to global travel restrictions. Friday was International Seafarers’ Day, …

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Anglo-Eastern chooses KVH’s NEWSlink Special Edition Sports

MIDDLETOWN, RI, June 25, 2021 (GLOBE NEWSWIRE) – KVH Industries, Inc., (Nasdaq: KVHI), has entered into an agreement with Anglo-Eastern, a global provider of ship management services, to add specialty sports to its fleet to provide content about the European football championship and the summer games via the KVH NEWSlink …

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This ‘nanofactory’ fits into a shipping container

The company has over 300 factories in 69 countries, but this is the first experiment with a so-called “nano” or “travel” factory. Mass production lines allow manufacturers to produce large quantities of products, but using the same equipment to produce smaller batches of goods – to test new ideas or …

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A seafaring nation | The Manila times

According to the Food and Agriculture Organization of the United Nations, the Philippines is the 10th largest producer of marine catches in the world with an average production of 2.156 million tons from 2005 to 2014. This is due to the country’s vast aquatic resources, which include 2.2 million square …

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Offshore Support Vessels Market Size & Growth Opportunities with COVID19 Impact Analysis

Request a download sample Adjustment need Prices & purchase options Offshore Support Vessels Market Size and Forecast 2021-2028 from Verified Market Research specialize in market strategy, market direction, expert opinions and knowledgeable insights into the world market. The report is a combination of critical information including the competitive landscape; global, …

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Collective Action – Lexology

Cutting-edge technological innovations enable shipping to meet its decarbonization goals, and as Daniel Saunders and Mark Tooke from WFW explain, ship owners are also beginning to join the ranks of “tech investors”. It’s a familiar daydream for people around the world – imagining the exciting new technology that the future …

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Chinese Port-Logjam is threatened with Christmas business

The latest obstacle hitting global shipping is likely to shake trade flows for several weeks, delaying shipments into the year-end holiday shopping season. According to shipping managers, around 50 container ships remain secured around the port of Yantian in southern China and around 350,000 loaded containers are stacked on docks …

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BRAVE DOLPHIN – a VR dive into the maritime world

Published June 21, 2021 4:11 PM by The maritime executive [By: SQLearn] Known for its creative spirit and innovative training tools, SQLearn, the Greek company with exclusive e-learning expertise, spreads wings in the fascinating world of virtual reality. The company, which has long been present with effective training solutions for various …

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Supply chain issues could limit your buying options

A worker assembles a carton for delivery on April 30, 2019 at the Amazon fulfillment center in Baltimore, Maryland, United States. Clodagh Kilcoyne | Reuters Amazon sellers who were hoping for an easier Prime Day after the pandemic-induced chaos in 2020 are unlikely to take a break this year. The …

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The first two Neart na Gaoithe export cables installed

The first of two export cables for the Neart na GaoitheOffshore wind farms with a length of 37 kilometers each were built near Thorntonloch Beach. Connect these power transmission cables Neart na Gaoithe‘s two offshore platforms to its onshore substation in the Lammermuir Hills. The offshore cable was installed with …

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Why are containers lost at sea?

The loss of shipping containers at sea is a significant problem for the industry – an average of 1,382 shipping containers are lost at sea each year, according to the latest figures from the World Shipping Council. However, more than 3,000 containers were lost in 2020 alone, including a ship …

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Should Ships Switch to Shore Power in India?

Credit: Unsplash / CC0 Public Domain Countries across Europe and North America require ships to be hooked up to shore power in port to prevent them from running their own engines and generating harmful emissions right on their doorstep. How effective could such measures be for a developing country like …

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Fire ravaged ship sinks causing pollution fears in Sri Lanka

COLOMBO, Sri Lanka (AP) – A chemical container ship sank for nearly a month on Thursday after a fire outside the Sri Lankan capital, raising concerns over a potential environmental disaster, officials said. The shipping company said the wreck of the Singapore-flagged X-Press Pearl “is now completely on the seabed …

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Should you invest in small cap funds? Find

As an asset class, all investors should consider small caps. What can vary is the allocation, depending on the risk profile and time horizon of each. Small-cap funds, a category of equity funds, invest primarily in stocks of companies with a market capitalization of less than 5,000 crore rupees. These …

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Zimmer Biomet says Fatal Flaws Doom $ 3B Del. Cashout Suit

Law360 (June 15, 2021, 7:43 p.m. EDT) – Lawyers for the directors and investors of Zimmer Biomet Holdings Inc. on Tuesday called a lawsuit by shareholders at Delaware Chancery Court seeking damages for damages “implausible.” allegedly undisclosed corporate issues that led to a stock plunge as private equity investors safely …

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Voya Closed-End Equity Funds Declare Distributions

SCOTTSDALE, Arizona, June 15, 2021– (COMMERCIAL THREAD) – Voya Investment Management, the asset management division of Voya Financial, Inc. (NYSE: VOYA), today announced distributions on the common shares of three of its closed-end funds (each a “Fund”). And collectively, the “Fund” Fund ”). For each Fund, the distribution will be …

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