IACS – International Association of Classification Societies – will be transformed

17.04.2018 Speaking at Shipping 2018, the Connecticut Maritime Association's (CMA) annual conference, Knut Ørbeck-Nilssen, IACS Chairman and CEO of DNV GL - Maritime, looked at some of the initiatives taken at the International Association of Classification Societies (IACS) that were changing the organisation.

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Saudi-Arabia

13.04.2018 Construction begins on Saudi Aramco shipyard joint venture.

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Japan

06.04.2018 Mitsubishi Heavy Industries Marine Machinery & Equipment and Wartsila collaborate on improved power and propulsion solution

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Wärtsilä acquires Transas to accelerate its Smart Marine Ecosystem vision

28.03.2018 The technology group Wärtsilä is to acquire Transas, a global company headquartered in the U.K. The move will speed Wärtsilä along its path towards its Smart Marine Ecosystem vision.

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Columbian oil/gas sector boosting investment

21.03.2018 Columbia's crude oil production has slumped by 18% from the beginning of 2015 to approx. 850,000 barrels per day (bpd) with companies cutting back on their investment because of the low oil price.

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Cyprus: Anastasiades re-elected as president

14.03.2018 The second round of the presidential election in Cyprus on February 4th 2018 resulted in a clear victory for the incumbent conservative president Nikos Anastasiades, who is to remain in office for another five-year term.

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China (PR): New orders for top quality ferries and cruise ships

08.03.2018 Guangzhou Shipyard wins newbuilding orders from leading European ferry shipping companies.

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Azerbaijan oil/gas sector investing up to US$5 billion in 2018

05.03.2018 Oil and gas investment also dominating future local investment activity in Azerbaijan.

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Cyprus – major oil and gas projects being implemented

14.02.2018 The Italian-French consortium ENI-Total has been drilling in Offshore Block 6 in the Exclusive Economic Zone of Cyprus since the beginning of 2018.

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Iranian port capacities being expanded

09.02.2018 Iran intends to increase the annual capacities of its ports from currently 210m tonnes to 250m tonnes within four years.

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Brazil’s oil and gas sector experiencing new investment cycle

05.02.2018 Brazil is making it easier for foreign groups to develop the Pré-Sal oil fields a decade after their discovery. Multinational players are increasing their involvement in the Brazilian oil and gas industry for the first time, and the energy sector giant Petrobras is also again boosting its investment.

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South Korean shipbuilding recovering from a low level

02.02.2018 South Korea's three large shipyards are again profitable.

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Tanzania – new gas deposits discovered

31.01.2018 The Tanzanian economy is growing rapidly and also thanks to the offshore gas finds attracting considerable investment on a regional comparison.

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Norway – opportunities with digitalisation

30.01.2018 In view of the badly affected oil and gas sector and the downturn at suppliers due to the slump in the oil price, Norway wants to reduce its dependency on the oil industry and put its economy on a broader basis.

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Israel furthering the development of its natural gas sector despite uncertainties.

24.01.2018 In the course of 2017, Israel completed three important steps for expanding its production capacities for natural gas, all previously discovered deposits being offshore.

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