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Slowing China exports eroding positive outlook

Slowing China exports eroding positive outlook

“Highly to modestly positive” is the way some container carriers are describing their 2012 forecasts, but weak trade figures may soon put the kibosh on that kind of optimism.

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World premiere of new LNG fuel tank container

World premiere of new LNG fuel tank container

Marine Service GMBH, a Hamburg based marine consultancy with specialist expertise in handling and transport of liquefied gases (LNG; LEG; LPG). chemicals and petroleum gases, provides the full spectrum of marine consultancy services for the design and development of any kind of shipping projects.

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First Qatari marine cadets sign with Nakilat

First Qatari marine cadets sign with Nakilat

Four young Qataris have become the first sea cadets to sign up for Nakilat's Marine Cadet Program, making history for Qatar's shipping industry at the signing ceremony held on Thursday, September 13 at Nakilat's headquarters in Doha.

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Chevron Agrees With YPF to Develop Shale Wells in Argentina

Chevron Agrees With YPF to Develop Shale Wells in Argentina

Chevron Corp. (CVX), the second-biggest U.S. oil company, agreed with YPF SA (YPFD), the nationalized Argentine oil producer, to develop oil and natural-gas wells in the country’s Vaca Muerta shale formation.

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‘Iran still second biggest producer in OPEC’

‘Iran still second biggest producer in OPEC’

Iran is still the second biggest producer in the Organization of Petroleum Exporting ountries, Iran’s OPEC Governor Mohammad-Ali Khatibi stated.

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Current oil prices no threat to world economy -Iran

Current oil prices no threat to world economy -Iran

Current oil prices above $100 a barrel are no threat to the world economy and political pressure on producers to raise output is driven by the approach of U.S. presidential elections, Iran's OPEC governor Mohammad Ali Khatibi said on Sunday.

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Refining margins rise as China slows exports

Refining margins rise as China slows exports

If there’s one group of people happy at China’s slowing economic growth it’s likely to be refiners in Asia, who continue to benefit from strong margins as Chinese competitors limit fuel exports.

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Gulf Coast refineries look seaward for sales

Gulf Coast refineries look seaward for sales

When operators of Alliance refinery began efforts to shed the Louisiana facility in December, it became the latest in a string of U.S. refineries put on the block.

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EU gasoline surplus not shrinking fast enough-draft

EU gasoline surplus not shrinking fast enough-draft

EU refineries are not investing fast enough to shift the balance to diesel production as the U.S. appetite to mop up surplus gasoline starts to wane, a draft Commission document seen by Reuters said.

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Why Atlantic basin oil refiners won’t boost output

Why Atlantic basin oil refiners won’t boost output

With oil refining margins seemingly strong, why are refineries not moving to cash in on the bounty? The answer lies in the forward structure of the gasoline market.

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PSV ‘Blue Prosper’ Commences Its First Job (UK)

PSV ‘Blue Prosper’ Commences Its First Job (UK)

PSV ‘Blue Prosper’ went straight into service offshore Scotland after it was delivered from Ulstein Verft on Thursday 6 September.

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Upcoming Inaugural Roundtable Sets Agenda on Future of Asia’s Cruise Shipping Industry

Upcoming Inaugural Roundtable Sets Agenda on Future of Asia’s Cruise Shipping Industry

The state of the cruise shipping industry at a time of significant economic growth in Asia is the agenda set by the organisers of the upcoming inaugural Asia Cruise Forum 2013.

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Austal Christens US Navy’s Second JHSV

Austal Christens US Navy’s Second JHSV

USNS Choctaw County (JHSV 2), the second of the Navy’s new joint high-speed vessels (JHSV) designed for rapid intra-theater transport

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First Qatari Marine Cadets Sign with Nakilat

First Qatari Marine Cadets Sign with Nakilat

Four young Qataris have become the first sea cadets to sign up for Nakilat’s Marine Cadet Program, making history for

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Hong Kong Incentive Program for OGVs Using Cleaner Fuel While Berthing

Hong Kong Incentive Program for OGVs Using Cleaner Fuel While Berthing

Starting from September 26, 2012, ocean-going vessels (OGVs) will be eligible for a 50 percent reduction in port facility

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Hoegh Autoliners Secures New Capacity from 2014

Hoegh Autoliners Secures New Capacity from 2014

Höegh Autoliners has entered into 12 year bare boat charters for two 6 500 car capacity Pure Car Truck Carriers (PCTC) to be delivered in 2014.

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Australian Lowy Institute – Private Counter-Piracy Forces Need Monitoring

Australian Lowy Institute – Private Counter-Piracy Forces Need Monitoring

The surge in pirate attacks have prompted fast pace development of private security firms which had proven to be an efficient

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Japan: MOL Receives EVO’s Top Award for Container Service

Japan: MOL Receives EVO’s Top Award for Container Service

Mitsui O.S.K. Lines, Ltd. today announced that the company received the “Best Performing Container Liner Shipping Company” award sponsored by Eigen Verladers Organisatie (EVO) of the Netherlands.

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New Global Headquarters for Korean Register

New Global Headquarters for Korean Register

Due to continuing international growth, the Korean Register of Shipping – an IACS member classification society – has opened a new global headquarters building

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Lurssen Denies Cooperation Agreement with Drydock World

Lurssen Denies Cooperation Agreement with Drydock World

Fr. Lürssen Werft announces that it wants to make it very clear that no agreement has been made with Drydocks

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