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Study Examines Economic Impact of US Waterways
A study unveiled today documents the contribution of the American tugboat, towboat and barge industry to the U.S. economy. The study, developed through a cooperative agreement between the American
Case Study: Klein System 5900 Side Scan Sonar
Klein Marine System’s flagship 5900 high-resolution and high-speed side scan sonar is designed for use as either a conventional towed system or a payload for an unmanned surface vehicle (USV). Klein recently
Global LNG Deals Set Bullish Tone as Peru Export Halt Tightens Market
Asian spot LNG prices stepped higher this week, shrugging off months of weakness, as Royal Dutch Shell replaced lost output from its Peru plant via spot markets and as a flurry of higher-priced deals surprised traders.
Shipbuilding
Engineering Entrepreneur Buys Wren Industrial
Merseyside maritime company Wren Industrial & Marine Fabrications has been bought by Merseyside
BAE Systems Begins Building UK’s Next Warship
BAE Systems said it has begun to build the first of the U.K. Royal Navy’s new Type 26 Global
Weeks Marine Orders $60 Mln Cutter Dredger
Weeks Marine Inc. (WMI) has ordered a new $60 million oceangoing, 30-inch hydraulic cutter suction dredge, the JS Chatry. Construction is underway in Belle Chase, La.
Contracts
Pemex: $5 Bln Bond Deal Covers Needs through 2018
Mexico's national oil company Pemex said on Monday that recent bond placements totaling about $5 billion would cover its minimum financing needs through the end of 2018.
Six Countries Vie for US$2 Bln Philippines LNG Hub
State-run Philippine National Oil Company (PNOC) has shortlisted six countries and will choose
Mermaid Maritime Wins Subsea Charters
Thailand-based Mermaid Maritime, a subsea and offshore drilling services company, has been
Technology
AUVs Launched and Recovered Autonomously
Autonomous surface vehicle launches and recovers autonomous underwater vehicles . . . autonomously.
First Ship with IMO Tier III EIAPP Engines Launched
The launch of the L’Astrolabe, a 72 metre polar logistics vessel fitted with a complete Wärtsilä
Duke Receives Funding for New Research Vessel
Duke University said it has received $11 million for the construction and operation of a new state-of-the-art vessel that will expand teaching and research capabilities at its
Legal
Certification for MOL Environmental Management System
Mitsui O.S.K. Lines (MOL) has announced that on July 20, its core dry-cargo ship management
Nautical Institute Rolls Out Ice Navigator Scheme
The Standard Club has advised its members that at the start of July the Nautical Institute
India: The Admiralty Bill 2017 Gets Upper House Nod
Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2017, introduced during the
People & Company News
Höegh LNG Secures Financing for FSRU Unit
Höegh LNG Holdings has announced that it has received commitment letters for a US$230 million
Nakilat Ends H12017 with Net Profit of USD 112 mln
Qatar Gas Transport Company (known as “Nakilat”, which means carriers in Arabic) recorded its
QEP Resources to Sell Wyoming Natgas Assets
U.S. oil and gas producer QEP Resources Inc said it would sell its natural gas assets in Wyoming to privately held Pinedale Energy Partners LLC for about $740 million.