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Egypt And Maersk’s C2X Sign Agreement Worth Up To $3 BLN For Production Of Green Fuel

Egypt And Maersk’s C2X Sign Agreement Worth Up To $3 BLN For Production Of Green Fuel

Dr. Moustafa Madbouly – Egypt’s Prime Minister witnessed the signing ceremony of the Framework Agreement between The General Authority of Suez Canal Economic Zone (SCZONE), The Sovereign Fund of Egypt (TSFE), The New & Renewable Energy Authority (NREA), The Egyptian Electricity Transmission Company (EETC), and C2X; to establish a green fuel production facility with investments of Up to $3 billion…

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Japan’s 1st LNG-Fueled Ferries, MOL Group’s ‘Sunflower Kurenai’ And ‘Sunflower Murasaki,’ Win Good Design Award 2023

Japan’s 1st LNG-Fueled Ferries, MOL Group’s ‘Sunflower Kurenai’ And ‘Sunflower Murasaki,’ Win Good Design Award 2023

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that Japan’s first LNG-fueled ferries, the “Sunflower Kurenai” and “Sunflower Murasaki”, operated by MOL Group Company MOL Sunflower Ltd. (President: & CEO: Hirotoshi Ushioku; Headquarters: Chiyoda-ku, Tokyo), received the Good Design Award 2023, from the Japan Industrial Design Promotion Organization (JDP). This is the first time in 33…

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Floating Offshore Nuclear Power Barge Design Receives ABS Approval

Floating Offshore Nuclear Power Barge Design Receives ABS Approval

South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE) and KEPCO Engineering and Construction Company have become the latest partnership to propose designs for a floating offshore nuclear power barge. Multiple efforts are underway to explore the potential of a new generation of small nuclear reactors and emerging technologies such as molten salt reactors as a cost-effective means of creating…

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Logistics warehousing construction starts plunge to near 10-year low

Logistics warehousing construction starts plunge to near 10-year low

The volume of U.S. logistics warehousing construction starts has plunged to its lowest levels in nearly 10 years as higher interest rates and weaker end demand have combined to virtually shut down new construction, according to a commercial real estate research firm. According to CoStar, not since the first quarter of 2014 have logistics construction starts — defined as concrete…

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Sri Lanka’s Compensation for X-Press Pearl Disaster Rises to $8M

Sri Lanka’s Compensation for X-Press Pearl Disaster Rises to $8M

Sri Lankan Navy file image Sri Lanka has confirmed receiving further compensation for pollution from the lost container ship X-Press Pearl, which burned and sunk off Colombo in 2021. Speaking to local media over the weekend, Sri Lankan Minister of Justice Wijeyadasa Rajapakshe said the interim payment made by the vessel’s insurers would help to cover beach cleanup activities and compensate fishermen…

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Extensive Methane Gas Leakage From The Deepest Seabed Of The Baltic Sea

Extensive Methane Gas Leakage From The Deepest Seabed Of The Baltic Sea

During a research expedition led by Linnaeus University and Stockholm University to the deepest parts of the Baltic Sea in the Landsort Deep researchers recently discovered an area with extensive emissions of the powerful greenhouse gas methane from the bottom sediments. The area where the methane leak was discovered is located in the Landsort Deep (Landsortsdjupet), about 30 kilometres southeast…

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Singapore Retains Its Lead As The World’s Top Maritime Centre For 10th Consecutive Year

Singapore Retains Its Lead As The World’s Top Maritime Centre For 10th Consecutive Year

Singapore retained its lead as the world’s top maritime centre in the Xinhua- Baltic International Shipping Centre Development (ISCD) Index. This is the 10th consecutive year that Singapore has achieved this. 2. The latest Xinhua-Baltic ISCD index published this year by the Baltic Exchange and China’s Xinhua News Agency, ranked Singapore as the leading maritime centre among 43 global maritime…

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