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Açu Petróleo signs contract with Equinor for ship to ship in Port of Açu

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3/18/2019 Photo: Açu Petróleo two tankers. RIO DE JANEIRO — Açu Petróleo (a partnership of Prumo Logística and Oiltanking) and Equinor signed a contract for oil transshipment services at the Petroleum Terminal (T-OIL), located in the Complex of Port of Açu, in the north of the state of Rio de Janeiro. The contract lasts 36 Read More

'Unhinged Russophobia': Moscow slams new barrage of US & Canada sanctions over Kerch standoff

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The Russian Foreign Ministry has vowed retaliation to the new portion of economic sanctions rolled out by Washington and Ottawa over the November showdown near Crimean shores. The ministry has called “groundless” the allegations by the US and Canadian governments that Russia was the aggressor in the November 25 incident in the Black Sea, when Read More

Wreck of WWII aircraft carrier USS Wasp discovered in the Coral Sea

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The wreck of World War II aircraft carrier USS Wasp has been discovered in the Coral Sea more than 70 years after the ship was sunk during the Guadalcanal campaign. Wasp was spotted on the seabed by experts from the vessel RV Petrel, which is part of a research organization set up by the late Read More

US imposes fresh sanctions on Russia over Kerch Strait standoff

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Washington has slapped a fresh batch of sanctions on Russia over “unjustified” actions during a maritime incident last November in the Kerch Strait near Crimea when three Ukrainian boats went into Russia’s territorial waters. The US Treasury Department included six people and eight entities in its Friday update of “Ukraine and Russia-related Designations.” The deputy Read More

Q&A: Unpicking China's move to ground Boeing 737 MAX fleet

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SHANGHAI (Reuters) – China’s aviation regulator gained global attention when it became the first to ground Boeing’s 737 MAX aircraft following Sunday’s deadly plane crash in Ethiopia. FILE PHOTO: Boeing 737 MAX aircraft are parked at a Boeing production facility in Renton, Washington, U.S., March 11, 2019. REUTERS/David Ryder China is the world’s biggest user Read More

Batteries included: Sweden's emissions-free ferries lead the charge

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HELSINGOR, Denmark (Reuters) – A quiet revolution has taken place in the Oresund Strait between Sweden and Denmark where two of the world’s largest battery-powered ferries ply the waters after being converted from polluting diesel (gasoil) power. The Tycho Brahe and Aurora ferries operated by Sweden’s ForSea are over 100 meters long and work the Read More

Top Ships Inc. Announces Delivery and Charter Employment of M/T Eco Marina Del Ray

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ATHENS, Greece, March 13, 2019 (GLOBE NEWSWIRE) — TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of petroleum products, announced today that it took delivery of the 50,000 dwt newbuilding product/chemical tanker M/T Eco Marina Del Ray, constructed at the Hyundai Read More

Norway wealth fund's watchdog turns spotlight on India shipbreaking

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OSLO (Reuters) – The ethics watchdog for Norway’s $1-trillion wealth fund will focus this year on shipbreaking on India’s beaches, which endangers workers and pollutes the sea and sand, and will also look into pollution caused by Pharmaceutical companies. Workers dismantle a decommissioned ship at the Alang shipyard in the western Indian state of Gujarat, Read More

Iran hunts for more ships to keep its oil flowing

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LONDON/DUBAI (Reuters) – Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as U.S. sanctions start to bite, Iranian and Western sources said. FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian Read More

CERAWeek 2019 seeks to unravel the “new world of rivalries”

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By CRAIG FLEMING, TECHNICAL EDITOR, WORLD OIL on 3/12/2019 HOUSTON — CERAWeek by IHS Markit kicked-off in downtown Houston, on Monday, March 11. The week-long event focuses on providing meaningful dialogue, aimed at solving the various challenges facing the energy industry―from geopolitics and trade to costs, price volatility, environmental policy, disruptive technologies, inter-fuel competition, and Read More