Supporting bunkering transparency and innovation

Manjula

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ExxonMobil has announced that it is the first to supply via an independently accredited mass flow metering system (MFMS) in the Amsterdam-Rotterdam-Antwerp (ARA) region. ExxonMobil Premium HDME 50™ marine fuel is now available through an MFMS that has received third-party accreditation from Lloyd’s Register. LR has accredited the MFMS with Metcore International Pte Ltd, a
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Commercial vessels have a ‘lifespan’ and when they reach the end of it, they are recycled. The European Commission estimates that up to 1,000 ships are recycled each year world-wide. In addition to valuable and re-useable products like steel, ships also contain hazardous waste and pollutants that are harmful to people and the environment. There
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Following a period of improving industry metrics during 2017, the International Marine Contractors Association (IMCA) has recognised that member companies could now consider reactivating their owned and managed DP vessels following a period of layup, and has issued a focused information note on this. IMCA’s Technical Adviser – Marine, Captain Andy Goldsmith, said: “In the
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The presidency of IUMI – the International Union of Marine Insurance – is for a four-year term. The present incumbent, Dieter Berg, ends his full term at this year’s IUMI annual conference in Cape Town and will formally hand over the position to his successor on Wednesday 19 September 2018. In accordance with the Articles
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DryShips Inc. (NASDAQ:DRYS) (“DryShips” or the “Company”), a diversified owner and operator of ocean going cargo vessels, announced that it has entered into an agreement with an unaffiliated buyer for the sale of one of its 2001-built Panamax drybulk carrier. The vessel is scheduled for delivery to its buyer no later than the end of
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Second quarter of 2018 Adjusted Result* for Q2 2018: USD 4 million (Q2 2017: USD -3 million) • Dry Operator: USD 8 million • Dry Owner: USD 3 million • Tankers: USD -8 million (USD 3 million) EBIT Q2 2018: USD 8 million (USD -3 million) * ”Profit/loss for the period” adjusted for “Profit from
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Dubai’s role as a global maritime hub will come into sharp focus at Shipbuilding, Machinery and Marine Technology (SMM) 2018, September 4-7, when coordinated teams from the Dubai Maritime City Authority (DMCA) and the Dubai Chamber highlight the emirate’s compelling competitive case at Hamburg Messe. The largest shipbuilding and marine technology event in the world,
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The Nation’s 72nd Independence Day was celebrated at Kamarajar Port on 15 August 2018. Shri P. Raveendran, IRTS, Chairman-cum-Managing Director, unfurled the National Flag and delivered his speech on the occasion. On that occasion, CMD, KPL distributed cash awards to the children of KPL employees/CISF Personnel and Self Help Group Women deployed at Kamarajar Port  for their academic
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From Turkey’s financial crisis to China’s trade war, the emerging-market contagion is infecting metal markets. Base metal markets tumbled on Wednesday, with most contracts falling more than 2 percent in London. Copper sank below $6,000 a metric ton and is now approaching a bear market. Not even gold, the usual safe haven, was spared from
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Crude Oil Price Movements In July, the OPEC Reference Basket increased marginally by 5¢ m-o-m to settle at $73.27/b. Oil futures saw mixed movement over the month, while US oil inventories continued to drain, particularly in Cushing, Oklahoma. ICE Brent averaged 99¢ m-o-m lower at $74.95/b, while NYMEX WTI rose $3.26 m-o-m to $70.58/b. Year-to-date
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