Company & People News/Dredge Mining
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Euronav Sells One of Its Oldest Suezmaxes

Belgium

Antwerp-based tanker shipping company Euronav NV has decided to dispose of one of its oldest Suezmax vessels, the 2003-built Finesse.Although Euronav has not disclosed the name of the tanker buyer,...

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StealthGas Forms New JV to Boost Presence in MGC Segment

Greece

Greek shipowning company StealthGas has decided to form a new joint venture that would acquire three secondhand midsize gas carriers (MGCs). As informed, StealthGas and an unnamed company would...

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Saudi Arabian Maritime Complex: McDermott Breaks Ground on Fabrication Facility

United Arab Emirates

Saudi Aramco and McDermott have reached a significant milestone with McDermott breaking ground on its new fabrication facility within the King Salman International Complex for Maritime Industries...

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Seaspan Breaks One Million TEU Threshold with Quartet Purchase

China

Hong Kong-based containership operator Seaspan Corporation is splashing approximately USD 367 million in cash to buy a fleet of four containerships. The ships include four 12,000 TEU vessels, with...

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First dredger with ultra-low emissions has arrived in Belgium

Belgium

Jan De Nul invests in minimal climate and air impact. Jan De Nul Group’s newest Trailing Suction Hopper Dredger Sanderus has just arrived in Belgium to execute maintenance dredging works in the...

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Arcadis working with the Georgia Department of Transportation to improve traffic congestion

Netherlands

Amsterdam, February 24, 2020 – Arcadis (ARCAD.NX), the leading global Design & Consultancy organization for natural and built assets, today announced that it is continuing its partnership with...

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Piraeus Bank, ORIX Corporation to Provide Financing for Greek Maritime Sector

Athens-based Piraeus Bank has entered into a strategic collaboration agreement with ORIX Corporation, a Japan and US-listed company, for the provision of financing solutions to the Greek maritime...

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GTT Acquires Icelandic Smart Shipping Solutions Provider

France

French engineering company Gaztransport & Technigaz (GTT) has acquired 100% of the share capital of Marorka, an Iceland-based company specializing in smart shipping.Marorka designs maritime...

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Fincantieri, Marakeb Team Up on Unmanned Technology

Italy

Italian shipbuilder Fincantieri and the UAE-based autonomous technology provider Marakeb Technologies have signed a memorandum of understanding (MOU) in an effort to explore global collaboration...

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Clarkson Acquires Spanish Shiproker Martankers

United Kingdom

Clarkson Overseas Shipbroking, part of UK shipping services provider Clarksons, has acquired 100% of the issued share capital of Spanish shipbroker Martankers.Founded in 1989, Martankers specializes...

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Hunter Nets USD 220 Mln Loan to Finance VLCC Newbuilds

Norway

Hunter Tankers AS, a wholly-owned subsidiary of Hunter Group ASA, has signed a binding agreement for a USD 220 million loan facility.The loan has been secured by a syndicate of banks consisting of...

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Virtual Training Becomes Reality For Royal Netherlands Navy

Netherlands

Technical students from the Royal Netherlands Navy can now make virtual acquaintance with naval ships. They do this with a Virtual Reality (VR) programme that Damen Schelde Naval Shipbuilding...

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MOL, DSME Join Forces on Cutting FSRUs’ Environmental Impact

Japan

Japanese shipping major Mitsui O.S.K. Lines has entered into an agreement with Korean shipbuilder Daewoo Shipbuilding & Marine Engineering to jointly develop a new technology to reduce...

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Diana Shipping’s 2nd Vessel Sale Falls Through

Greece

Dry bulk vessel owner Diana Shipping received a cancellation notice for the sale of its 2002-built Capesize vessel Norfolk, the company said.Diana said the buyers decided to cancel the contract due to...

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Maersk Posts Higher Earnings in 2019, Expects Weak Start of 2020 amid Coronavirus Outbreak

Denmark

Despite weak market conditions and slow container growth of 1.4 percent, Danish shipping heavyweight A.P. Moller – Maersk managed to improve earnings and free cash flow in 2019.The company’s...