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A Dalian Tanker official says that none of its vessels has turned off the AIS on board
Yinson has been expanding its reach recently and earlier this year it also sealed deals in Nigeria
Vale is also expecting to bring back a further 25m tonnes of shuttered iron ore output in 2021
So much has changed in the global economy over the past 20 years that shipping would be foolish to believe the pace of change will ease by 2030 or 2040. Change is the catalyst for growth
The deal marks ConocoPhillips’ exit from northwestern Australia but allows Santos to take over the driver’s seat as the new operator of the Barossa backfill project intended to extend the production life of the country’s second-oldest LNG export terminal in Darwin
Carriers have little to look forward to on the transpacific trade as shippers look elsewhere
Unipec, the world’s largest dirty tanker spot charterer, appears to have halted chartering vessels that have had any business links with Venezuela, including port calls, within a 12-month period. The move, which matches the same decision by ExxonMobil last week, comes amid already tightened tonnage and 11-year tanker rate highs
Delivery of the two vessels, worth $405m, is scheduled for 2023 but no details of the charter contract were disclosed
On closing of the merger, DryShips will become a privately-held company within Mr Economou’s private empire and the shares will no longer be listed on the Nasdaq Capital Market
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