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Deal Signed for Japan’s First LNG-Fueled Tug

Mitsui O.S.K. Lines (MOL) has ordered Japan’s first LNG-fueled tug from Kanagawa Dockyard in Japan.Yanmar will supply the high-perfromance dual-fuel engines, and Osaka Gas will supply LNG fuel to the tug which will be operated by Nihon Tug-Boat Co. The new tug will be deployed in Osaka Bay in April 2019. She will be the first LNG-fueled tug to escort ...

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Trump’s Budget Request Cuts Port Funding

  U.S. President Donald Trump sent Congress a 2018 budget request on Tuesday, with the American Association of Port Authorities (AAPA) saying it signals declines for most federally funded, port-related programs. Among the budget proposals for next year is eliminating the U.S. Department of Transportation’s TIGER (Transportation Investment Generating Economic Recovery) grants program, which last year awarded U.S. ports $61.8 ...

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British police name Manchester Arena attacker as Salman Abedi, 22

LONDON: The man who carried out a deadly suicide bomb attack at Manchester Arena was named by British police on Tuesday (May 23) as 22-year-old Salman Abedi. Greater Manchester Police’s Chief Constable Ian Hopkins named the attacker in a media briefing, after police raided a home in the south Manchester area of Fallowfield, where Abedi is believed to have lived. ...

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US government sues Fiat Chrysler over excess emissions

WASHINGTON: The U.S. government has filed a civil lawsuit accusing Fiat Chrysler Automobiles NV of using software to bypass emission controls in diesel vehicles, the Environmental Protection Agency said on Tuesday. The U.S. Justice Department suit is a procedural step that may ramp up pressure on Fiat Chrysler. The suit could ultimately help lead to a settlement, as in an ...

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Fidelity to allow clients to see digital currencies on website

  NEW YORK: Fidelity Investments will allow its clients to see their holdings of bitcoin and other virtual currencies held on digital asset exchange Coinbase on the company’s website, said Chief Executive Abigail Johnson on Tuesday. The move will make the Boston-based asset manager one of a handful of large financial services firms to have integrated digital currencies into its ...

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London stocks dip following Manchester attack

  LONDON: London stocks dipped on Tuesday (May 23), with sentiment dented by a deadly terror attack in Manchester, while eurozone equities climbed on upbeat data. The British capital’s FTSE 100 index of leading blue-chip companies wobbled between gains and losses during the day, closing down 0.2 per cent. The pound, meanwhile, ended the day higher against the dollar. “Trading ...

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US carmaker lobby wants rules of origin left intact in NAFTA talks

  WASHINGTON: A powerful U.S.-based automakers group said on Tuesday that it favors keeping rules of origin intact in the North American Free Trade Agreement (NAFTA), echoing comments from its Mexican counterpart. Under the trade deal between the United States, Mexico and Canada, rules of origin stipulate that products must meet minimum regional, or NAFTA-wide, content requirements to be tariff-free. ...

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Oman Shipping sets up new chartering service

Oman Shipping Company (OSC), one of the biggest ship owners in the Middle East and North Africa (Mena) region, has set up a new commercial chartering desk offering its very large crude carrier (VLCCs) to major traders and charterers covering VLCC routes worldwide. OSC has a diversified and young fleet of 50 vessels. It owns 16 VLCCs within the fleet ...

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Oil producers to extend output curbs at OPEC meeting

VIENNA: Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing output when they meet in Vienna on Thursday, analysts say. Less predictable however is the extent to which this will succeed in boosting the price of crude, particularly with US shale producers back from the dead and pumping at ...

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US plan to sell oil reserves undermines OPEC supply management efforts

  SINGAPORE: U.S. President Donald Trump’s proposal to sell half of the United States’ strategic oil reserve surprised energy markets on Tuesday since it counters OPEC’s efforts to control supply in order to boost prices. The White House requested in its budget released late on Monday gradually selling off the nation’s Strategic Petroleum Reserve (SPR) starting in October 2018 to ...

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Manchester Arena blast: World leaders condemn terror attack

  PARIS: World leaders have swiftly condemned Monday’s (May 22) deadly blast at Manchester Arena, which British police are treating as a “terrorist incident”. At least 22 people were killed, including children, and nearly 60 others injured, after a lone attacker detonated an improvised explosive device he was carrying outside the venue where American singer Ariana Grande had been performing. ...

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Trump sees to slash government spending in budget plan

WASHINGTON: The White House on Tuesday will ask Republicans who control the U.S. Congress: and federal purse strings: to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit. President Donald Trump is set to propose a raft of politically sensitive cuts in his first full ...

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PPG CEO says remains interested in ‘consensual’ deal with Akzo

  AMSTERDAM: PPG Industries remains interested in negotiating a “consensual” deal with Akzo Nobel , even as the Dutch rival paint maker resists its 26.3 billion euro (US$29.5 billion) takeover offer, PPG’s top executive said on Tuesday. PPG Chief Executive Michael McGarry, who was in the Netherlands for a shareholder lawsuit against Akzo a day earlier, told journalists he had ...

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Nokia settles patent dispute with Apple

  HELSINKI: Finland’s Nokia said on Tuesday it has settled its patent dispute with Apple and also signed a business collaboration deal with the U.S. company. Nokia said it would receive an up-front cash payment and additional revenues from Apple, but did not specify the details of the patent deal. Revenues from the agreement, as well as a non-recurring catch-up ...

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Trial over RBS 2008 cash call faces further delay amid settlement talks

LONDON: A trial in which Royal Bank of Scotland is accused by investors of misleading them over its 2008 fundraising is set to be delayed for a second day, as frantic settlement talks between the claimants and the bank continued in London on Tuesday. The Court has indicated that it will adjourn the trial for another day to Wednesday, a ...

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Hong Kong police arrest 21 Uber drivers in sting

  HONG KONG: Hong Kong police on Tuesday arrested 21 Uber drivers for carrying passengers without a proper permit following an undercover operation in the latest setback for the ride-hailing giant. The sting comes as the San Francisco giant has encountered regulatory roadblocks around the world, despite its huge popularity, and after five Uber drivers in the southern Chinese city ...

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London police close Victoria Coach Station after finding suspect package

  LONDON: British police closed London’s Victoria Coach Station and the surrounding streets on Tuesday (May 23), the BBC reported, after finding a suspect package. “A suspect package is being checked out,” a Metropolitan police spokesman said. Source: Reuters/dl

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Suspected terror attack in Manchester: What we know

  LONDON: Twenty-two people died in a suspected terror attack at a pop concert in the British city of Manchester late Monday (May 22). Here is what we know so far about the attack, which was the deadliest in Britain since 2005. WHAT HAPPENED? Police said they were called at 2133 GMT to reports of an explosion at Manchester Arena ...

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Death Toll From Indonesian Ferry Fire Rises

Indonesia’s National Transportation Safety Committee announced Monday that it believes that the deadly fire aboard the ro/pax ferry Mutiara Sentosa 1 originated in a truck on the first deck. “The first fire source came from a green truck,” said committee chairman Soerjanto Tjahjono. The identity of the vehicle’s owner is not known, and the investigators are looking into the nature of ...

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New Director for U.S. Offshore Safety Agency

Former Louisiana state official Scott A. Angelle has taken up the position of Director of the U.S. Bureau of Safety and Environmental Enforcement (BSEE) which oversees safety on the U.S. outer continental shelf. “Scott Angelle brings a wealth of experience to BSEE, having spent many years working for the safe and efficient energy production of both Louisiana’s and our country’s ...

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John Lloyd Appointed CEO of The Nautical Institute

Captain John Lloyd has been appointed CEO of The Nautical Institue, taking over from Philip Wake who is retiring after 14 years in the post. In his previous role as Chief Operating Officer, Lloyd had overall responsibility for the Institute’s specialized training services, including the industry-standard Dynamic Positioning Operator accreditation and certification scheme. “Now more than ever it is important ...

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New Leader for International Maritime Rescue Federation

  The International Maritime Rescue Federation (IMRF), the international charity focused on preventing loss of life in the world’s waters, has announced that Theresa Crossley will be its new Chief Executive. Crossley will join IMRF in October this year, when she steps down from her role as Executive Director of The United Kingdom Major Ports Group (UKMPG). Udo Fox, Chairman ...

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Uber for Trucking App Launched

  Uber Technologies has launched an app to allow shippers and truckers to arrange freight transportation using their smartphones. Uber Freight matches trucking companies with loads to haul and claims that several hours waiting time and multiple phone calls can now be eliminated with the touch of a button. Uber aims to “push the industry forward and level the playing ...

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Ballast Water Convention Dates Likely to Slip

  The flag states Brazil, Cook Islands, India, Liberia, Norway and the U.K. are calling for IMO to delay implementation of the ballast water management convention. In a document submitted for discussion at MEPC 71 in July, the flag states propose a compromise for the implementation date of the convention, saying it should move from September 2017 to September 2019. ...

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Dubai launches control centre for transport systems

Dubai government has launched its new Enterprise Command and Control Centre (EC3) for road and transport systems, said a report. It will act as a unified platform linking various control centres of the Roads and Transport Authority (RTA) and operational agencies with an integrated central control unit, reported state news agency Wam. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice ...

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UAE leads Gulf foray into $165bn Caspian Sea market

The UAE is spearheading the Gulf region’s push into the Caspian Sea states as Azerbaijan, Kazakhstan and Turkmenistan offer an increasingly attractive proposition to companies affected by the slowdown in oil and gas projects activity project in the GCC, said a report. Major successes in the Caspian Sea region include Arabtec’s $1 billion contract to build the Abu Dhabi Plaza ...

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Ford names Jim Hackett as new president and CEO

Ford Motor Company today named Jim Hackett as its new president and CEO and announced key global leadership changes designed to further strengthen its core automotive business and accelerate a strategic shift to capitalise on emerging opportunities. He succeeds Mark Fields, 56, who has elected to retire from Ford after a successful 28-year career with the company, the company said. ...

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Outgoing WHO chief says world ‘better prepared’ for health crises

  GENEVA: The World Health Organisation’s outgoing chief Margaret Chan defended her legacy on Monday (May 22), insisting the world had become better prepared to face health emergencies like Ebola on her watch. In her final address to WHO’s member states, Chan acknowledged that mistakes had been made during her decade at the helm, but stressed that while “we falter ...

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German government at odds with itself over Greek debt relief

  BERLIN: Germany’s coalition government split along party lines on Monday over the question of debt relief for Greece ahead of a crunch meeting in Brussels to tackle the thorny issue. Euro zone finance ministers and the International Monetary Fund are meeting to seek a deal on Greek debt relief that balances the IMF’s demand for a clear “when and ...

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Exclusive: ECB plan to take euro clearing from London stalled by infighting – sources

  FRANKFURT: Discord between the euro zone’s three largest countries is stalling the European Central Bank’s efforts to come up with a way to force euro clearing out of London and put it under its watch, three sources told Reuters. Currently UK clearing houses, particularly the London Stock Exchange’s LCH.Clearnet , guarantee the vast majority of the trillions of euros ...

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Wall St. opens higher as oil, defense stocks gain

  REUTERS: Wall Street opened higher on Monday as oil prices climbed and defense stocks rose following a US$110 billion arms deal between the United States and Saudi Arabia. The Dow Jones Industrial Average rose 74.81 points, or 0.36 percent, to 20,879.65. The S&P 500 gained 6.99 points, or 0.29 percent, to 2,388.72. The Nasdaq Composite added 17.51 points, or ...

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GE to face probe related to LM Wind Power deal: Bloomberg

  REUTERS: General Electric Co is being investigated by the European Union for providing misleading information during a merger review, Bloomberg reported on Monday, citing two people familiar with the case. The European Commission, which acts as the EU’s competition watchdog, was reviewing whether GE misled EU officials reviewing a deal to buy LM Wind Power, a Denmark-based maker of ...

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Supreme Court rejects challenge to state retroactive tax changes

  WASHINGTON: The U.S. Supreme Court on Monday declined to hear a challenge by several major corporations to a Michigan law that retroactively changed the way businesses are taxed in the state, leading to US$1 billion extra for government coffers. The justices turned away appeals by Goodyear Tire and Rubber Co , IBM Corp , AT&T Inc’s DirecTV, Monster Beverage ...

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Snapchat leads augmented reality gains: Researchers

Washington – Augmented reality is seeing strong gains among Americans thanks to social networks like Snapchat, Instagram and Facebook, a market research firm said Monday. A new report by eMarketer said some 40 million Americans will engage with augmented reality monthly in 2017, up 30 percent over last year. Virtual reality is also growing, but at a slower pace, according ...

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US and Pacific Rim countries at odds in heated trade meeting

  HANOI: Japan and other members of the Trans-Pacific Partnership agreed on Sunday (May 21) to pursue their trade deal without the United States as the Trump administration’s “America First” policy created tension at a meeting of Asia-Pacific countries. Turmoil over global trade negotiations was laid bare at a meeting of the Asia-Pacific Economic Cooperation (APEC) forum, which failed to ...

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Airbus hires outside monitors amid fraud investigations

  PARIS: Airbus has appointed an independent panel including two former ministers to examine its anti-corruption practices after Britain and France launched fraud and bribery investigations into the sale of jetliners. Europe’s largest aerospace group said on Monday the three advisers, who include former German finance minister Theo Waigel and former French European affairs minister Noelle Lenoir, will report to ...

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Chinese regulator approves VW-JAC Motor electric car venture

  BEIJING: Germany’s Volkswagen AG and Anhui Jianghuai Automobile Group (JAC Motor) have received approval from Chinese regulators to form a joint venture to make electric vehicles, the two automakers said on Monday. The National Development and Reform Commission (NDRC), China’s top state planner, gave a green light to JAC and VW to build 100,000 pure battery electric vehicles annually ...

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Merkel says Germany must help France’s Macron to succeed

  BERLIN: Germany must help new French President Emmanuel Macron to succeed, Chancellor Angela Merkel said on Monday, saying she hoped he manages to fight unemployment in France and adding that the best way to counter pots was to solve problems. Macron is due to meet unions on Tuesday to discuss labour reform. He has said he intends to use ...

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EU warns France and Spain on deficits, clears Portugal

Brussels – The EU on Monday kept France and Spain on notice for excessive public spending, but absolved bailed-out Portugal after it stayed within the bloc’s deficit limit for the first time since 2007. The European Commission, giving its opinions as part of its annual assessment of EU national budgets, also singled out Italy for running a worryingly high public ...

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China, Russia launch long-haul challenge to Boeing, Airbus

  Shanghai – China and Russia on Monday launched an ambitious project to jointly develop a long-haul jet to challenge Boeing and Airbus, just two weeks after the successful test flight of the first made-in-China large passenger plane. State-run Chinese manufacturer Commercial Aircraft Corporation of China (COMAC) and Russia’s United Aircraft Corporation (UAC) said they formally established the previously announced ...

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China further opens energy sector to private investment

  Beijing – China said it will further open up its oil and gas sector to private investment as it seeks to overhaul an industry still dominated by a handful of state-run firms. The plan comes as China, the world’s biggest energy guzzler, attempts to ramp up domestic oil and gas production to boost its supply of the vital resources. ...

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Trump in Israel: Says has new reasons to hope for peace

    TEL AVIV: US’ President Donald Trump arrived in Israel on Monday (May 22) on the second leg of his first overseas trip since entering office and said he had new reasons to hope for peace and stability to the Middle East after his visit to Saudi Arabia. In a stopover lasting 28 hours, Trump is to meet separately ...

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Sea Shepherd Embarks on Shark Protection Operation

Sea Shepherd’s newly renamed vessel, the M/V John Paul DeJoria, arrived in Costa Rica on Saturday to assist the Central American country in controlling illegal fishing in the waters surrounding its Cocos Island National Park.The M/V John Paul DeJoria is a 110-foot Island class former U.S. Coast Guard patrol boat which was relaunched in January this year. Sea Sheperd is ...

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Unpaid Tanker Crews Head Home

The crew of two oil tankers stranded for several months off India have disembarked without any assurances about the wages they are owed. The 26 Indian sailors have been in a legal wrangle over unpaid wages, and one tried to jump overboard last week, saying he could not provide for his family. The men are reported to be owed around ...

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Rail Versus Maritime Along the Silk Road

While maritime transportation involving either bulk freight or container freight involves lower transportation costs than railway transportation, railways offer faster delivery times. Competitive delivery duration has motivated China to encourage the development of a new Silk (Rail) Road linking China to distant markets located to the west of China. Silk Road Train Over the past five months, a freight train ...

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North Korea Tests Missile Warhead Guidance System

North Korea fired an intermediate-range ballistic missile on Sunday, the second in a week. The launch verified the reliability and accuracy of the solid-fuel engine’s operation and stage separation and the late-stage guidance of the nuclear warhead. Local media report the nation’s leader Kim Jong Un saying with pride that the missile’s hit rate is very accurate. He has now ...

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Shortsea Container Ships Carried on Semi-Sub Ship?

  SeaHorse Shipping in the U.S. has touted a plan aimed at revolutionizing container shipping and freeing shippers from the constraints and congestion caused by mega container ships and mega ports. “While carriers complain that they are losing money, it’s the shippers who truly feel the pain,” says the narrator of a video describing the system. “Ocean freight is no ...

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Ports Commemorating National Maritime Day

Monday, May 22 is National Maritime Day. It was declared by Congress in 1933 to call attention to America’s proud maritime heritage and to honor the men and women who serve and have served as U.S. merchant mariners.It’s also a day to recognize and reflect on the rewards that America’s ports bring the country in terms of jobs, economic development, ...

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HMAS Sydney Towed Away for Recycling

HMAS Sydney (IV) has left Sydney Harbour to be towed to Western Australia for recycling by Australian company Birdon. HMAS Sydney had an illustrious career spanning 32 years of service. The Adelaide Class Frigate was involved in operations spanning the Middle East, East Timor, Fiji and the Solomon Islands and earned a Meritorius Unit Citation during the First Gulf War in 1991 as ...

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Second Bulker Detained in Western Sahara Dispute

  The newly built Supramax bulker Ultra Innovation has been detained by Panamanian authorities on request of the Sahrawi Arab Democratic Republic (SADR), which alleges that her cargo of 55,000 tons of phosphate was shipped illegally. She is the second bulker detained in connection with Western Saharan phosphate shipments this month. The Ultra Innovation took on a cargo of phosphate ...

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Remains of Second Sewol Victim Confirmed

  On Friday, the Korean Ministry of Oceans and Fisheries announced that the National Institute of Scientific Investigation has confirmed the identity of a student whose remains were found aboard the wreck of the ferry Sewol earlier this week. The student, Huh Da-yoon, is the second victim whose identity has been confirmed after forensic tests. The first, Ko Chang-seok, was ...

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China Tops Two Million Cruise Passengers

The number of outbound cruise passengers in China topped two million for the first time in 2016. That number is expected to rise to 2.6 million this year and to 305 million by 2020. China Daily reports that 1,040 inbound and outbound cruise ship visits were made to the nation’s major ports in 2016. Data from the China Cruise and ...

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China Extracts Combustible Ice from Seafloor

  China has successfully extracted combustible ice, also know as methane hydrate, from the seafloor in the South China Sea. Chinese news agency Xinhua reported that the fuel was successfully mined by a drilling rig operating on Thursday with the Chinese Minister of Land and Resources saying the resource had the potential for a global energy revolution. The mining was ...

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Fincantieri Signs Deal for STX France

  Fincantieri has signed a share purchase agreement for the acquisition of 66.66 percent of the share capital of STX France from STX Europe. The purchase price of approximately $89 million will be paid through available financial resources. Fincantieri continues to negotiate with the French State for the finalization of the shareholders’ agreement for STX France in accordance with a ...

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New Agreement Encourages China to Buy American LNG

    The U.S. Department of Commerce has reached a deal with the Chinese government that will allow China’s state-owned gas companies to enter into purchase agreements with American LNG exporters. From the American side, the terms are broad and mainly serve to confirm existing policy. “Companies from China may proceed at any time to negotiate all types of contractual ...

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Wilhelmsen Launches Delivery Drone Service at Nor-Shipping

  Wilhelmsen Ships Service, a division of Wilh. Wilhelmsen Holding, plans to debut a new drone-based ship delivery service for its clients – a cost-effective alternative to hiring a launch whenever a ship needs a few documents or a spare part. For “owners, operators, vessels and crew to get spare parts, medicine, documents, or cash to master where it needs ...

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Indonesian Car Ferry Catches Fire Off East Java

The ro/pax ferry Mutiara Sentosa 1 suffered a serious fire on Friday evening during a transit of the waters of the Masalembo, the Southeast Asian equivalent of the Bermuda Triangle. Indonesian SAR agency Basarnas reported that out of 178 people on board, 91 have been rescued and three are confirmed dead. Search efforts continue and the full extent of the damage to ...

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Strategic performance of NPA MD Hadiza Bala Usman commands World Bank visit

  (TRADE NEWSWIRE): The Strategic and outstanding performance of the Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, in piloting the affairs of the nation’s port system has in no doubt attracted the visit of the officials of the World Bank Group to the Authority, TRADE NEWSWIRE reports. The visit of the Officials of the World Bank ...

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Poor visibility contributed to 2015 crash landing of Air Canada flight – TSB

  MONTREAL: The 2015 crash landing of Air Canada flight 624 at a Halifax airport was caused by approach procedures, poor visibility and airfield lighting, the Canadian Transportation Safety Board said on Thursday. No one was killed in the accident that took place just past midnight, but more than 20 passengers and crew on the flight were sent to the ...

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Daimler, Vivint Solar in exclusive deal on US home batteries

REUTERS: German automaker Daimler AG will enter the nascent U.S. market for home batteries through a collaboration with residential rooftop solar installer Vivint Solar Inc, the two companies said on Thursday. The exclusive partnership, Vivint’s first foray into energy storage, will allow the companies to compete against similar offerings from automaker Tesla Inc, solar installer Sunrun Inc, battery maker LG ...

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Trump decries ‘single greatest witch hunt’ in US history

  WASHINGTON: President Donald Trump decried the appointment of a special counsel to lead the Russia probe as “the single greatest witch hunt” in U.S. history on Thursday, hours after he said he looked forward to a thorough investigation. In the face of rising pressure from Capitol Hill, the U.S. Justice Department named former FBI Director Robert Mueller on Wednesday ...

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Wall St. opens lower amid Trump jitters

  REUTERS: U.S. stocks opened lower on Thursday as a series of scandals cast a shadow over Donald Trump’s presidency and the future of his ambitious pro-growth agenda. The Dow Jones industrial average was down 47.39 points, or 0.23 percent, at 20,559.54, the S&P 500 was down 3.83 points, or 0.16 percent, at 2,353.2 and the Nasdaq composite was down ...

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China, ASEAN agree on draft framework for South China Sea code of conduct

  BEIJING: China and Southeast Asian countries agreed on Thursday (May 18) to a draft framework for a long-mooted code of conduct for the disputed South China Sea, China’s foreign ministry said. China and the members of the Association of Southeast Asian Nations (ASEAN) had been hoping to this year agree on the framework, 15 years after committing to draft ...

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Saudi making good progress in boosting private sector- IMF

Saudi Arabia is making good progress in identifying and reducing obstacles to private sector growth and a large, sustained fiscal adjustment is needed to achieve budget balance over the medium term, an IMF report said. An International Monetary Fund (IMF) team led by Tim Callen held discussions from April 30 to May 11 on the 2017 Article IV Consultation with ...

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Qatar set for official launch of World Cup 2022 stadium

Work has been completed on the first proposed venue for the 2022 World Cup in Qatar – the 40,000-seater Khalifa International Stadium –  which will be officially launched this Friday for the 2017 Emir Cup final, five years ahead of the gala sports event. Announcing this on Wednesday, the Supreme Committee for Delivery & Legacy (SC), the organisation responsible for ...

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Aerospace sector flies high on surging jet deliveries

Accelerating deliveries of large commercial airplanes, such as Airbus’ A320 and A350 and Boeing’s B737, combined with some recovery in global defence spending will drive steady profit growth and underpin the positive outlook for the global aerospace and defence industry into 2018, said a report by a top rating agency. Airliner deliveries will grow by around seven per cent in ...

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France, Germany resist US plan for bigger NATO role against Islamic State

BRUSSELS: France and Germany are resisting a plan by U.S. officials for NATO to take a bigger role in the fight against Islamic State in Syria and Iraq, in line with calls from President Donald Trump for the alliance to do more to combat terrorism. Many alliance members hope the plan will be announced in Brussels next Thursday, when Trump ...

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Trump campaign had at least 18 undisclosed contacts with Russians: Sources

WASHINGTON: Michael Flynn and other advisers to Donald Trump’s campaign were in contact with Russian officials and others with Kremlin ties in at least 18 calls and emails during the last seven months of the 2016 presidential race, current and former U.S. officials familiar with the exchanges told Reuters. The previously undisclosed interactions form part of the record now being ...

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The dark side of childbirth: When motherhood causes depression

Giving birth is supposed to be a joyous event and it is, for many. But postpartum depression affects 6 to 8 per cent of new mothers here according to one expert, and can have tragic consequences if neglected.SINGAPORE: Five years ago, the first-time mother nearly drowned her newborn son. The woman, who only wanted to be known as Ms Goh, ...

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Saudi Arabia sets up new military corporations to rank among top 25 defence companies globally by 2030

  The Saudi Arabian Public Investment Fund (PIF) has announced the creation of a new national military industries company, wholly owned by the government, which will form a key part of Vision 2030. Saudi Arabian Military Industries (Sami) will manufacture products and provide services across four business units: air systems – which includes maintenance and repair of fixed-wing aircraft as ...

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Fire Closes Part of Samsung Heavy Industries Shipyard

  On Wednesday, a fire broke out at Samsung Heavy Industries’ main Geoje shipyard, the scene of a fatal crane accident earlier this month. According to Korean media, the fire broke out in air conditioning or cooling equipment midmorning on Wednesday. A cloud of black smoke could be seen extending above Samsung’s giant gantry crane. The fire was extinguished within ...

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U.S. Ports Need $66 Billion for Infrastructure

  A panel discussion held in conjunction with Infrastructure Week has heard that U.S. ports need a combined $66 billion in federal government infrastructure investments. The panel briefing was held by the American Association of State Highway and Transportation Officials (AASHTO), the American Association of Port Authorities (AAPA) and the Congressional PORTS Caucus Co-Chairs Rep. Ted Poe (R-TX) and Rep. ...

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Australia Boosts Cyclone Prediction Capabilities

  New research from Australia’s Bureau of Meteorology, in partnership with the oil and gas industry, is helping to deliver better tropical cyclone forecasts for offshore facilities. The two-year research program, jointly funded by Shell, Woodside, Chevron and Inpex, developed new meteorological modeling that produces longer range and more detailed tropical cyclone forecasts. Bureau Resource Sector Manager, Andrew Burton said: ...

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Impeachment – the ‘I’ word – and how it works

WASHINGTON: The past week has seen extraordinary political turmoil in Washington, as President Donald Trump faces grave accusations that he has obstructed justice. With the White House running damage control, and critics smelling blood, some Democrats have mentioned the “I” word – impeachment – as a possibility for the 45th president, although initiating the procedure remains a hypothetical. The Republican ...

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Australia’s Oil and Gas Industry Concerned

Australia has announced that 21 new areas for oil and gas exploration, amid industry concerns about the nation’s ability to remain competitive. The nominated areas sit across eight basins in Commonwealth waters off the Northern Territory, Tasmania, Victoria and Western Australia coasts, and in the Territory of Ashmore and Cartier Islands. Speaking at the annual Australian Petroleum Production and Exploration ...

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Indian Navy Thwarts Pirate Attack Off Somalia

    On Tuesday, the Indian Navy patrol vessel INS Sharda rescued the Liberian-flagged bulker Lord Mountbatten from a pirate attack 150 nm off the northeastern tip of Somalia. The Mountbatten made a distress call at 1645 hours, Indian Navy officials said, and she reported two suspected mother ships accompanied by eight skiffs. The Sharda diverted to assist. The Mountbatten ...

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Putin ‘ready to provide recording’ of Lavrov-Trump exchange

  MOSCOW: Russian President Vladimir Putin said on Wednesday (May 17) that Moscow could provide a recording of the exchange between Foreign Minister Sergei Lavrov and US President Donald Trump, who is accused of sharing classified intelligence. “If the US administration finds it possible, we are ready to provide a recording of the conversation between Lavrov and Trump to the ...

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Audi CEO’s contract to be extended through end-2022: sources

  BERLIN: Audi Chief Executive Rupert Stadler’s contract will be extended by another five years through 2022, people familiar with the matter said. The Volkswagen luxury division’s supervisory board will approve a third term for Stadler at a meeting later on Wednesday, two sources close to VW group told Reuters. The contract of Stadler, who has been under fire in ...

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Deutsche Bank chairman: Strong European capital market needed post-Brexit

  FRANKFURT: Europe needs a strong capital market to maintain independence from the United States and in light of Britain’s decision to leave the European Union, the chairman of Deutsche Bank’s supervisory board said. Paul Achleitner, in an interview with Reuters ahead of the bank’s annual general meeting on Thursday, said he was motivated to sit for a second five-year ...

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Walking linked to improved brain function

  REUTERS: A moderate-intensity walking regimen may reduce symptoms of mild cognitive impairment that are linked to poor blood vessel health in the brain, a small study suggests. Participants with vascular cognitive impairment, sometimes called vascular dementia, who walked three hours per week for six months had improved reaction times and other signs of improved brain function, the Canadian team ...

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FDA warns of foot, leg amputations with J&J diabetes drug

REUTERS: Johnson & Johnson is required to add new warnings to its diabetes drug, Invokana, about the risk of foot and leg amputations, the U.S. Food and Drug Administration said on Tuesday. Final results from two clinical trials showed leg and foot amputations occurred about twice as often in patients with type 2 diabetes treated with Invokana, known also as ...

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German prosecutors start formal investigation of Porsche SE executives

BERLIN: German prosecutors said they have launched a formal investigation of Porsche SE executives Matthias Mueller and Hans Dieter Poetsch on grounds of suspected market manipulation. The prosecutor’s office in Stuttgart said on Wednesday it is investigating Mueller, the current Chief Executive of Volkswagen , for his role as board member of Porsche Automobil Holding SE and Hans Dieter Poetsch, ...

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Taiwan sees fewer tourists as Chinese stay away

  TAIPEI: Visitor numbers to Taiwan fell in the first quarter, dragged down by a 42 per cent plunge in arrivals from China as relations worsen across the strait. The number of Chinese tourists to the island has dropped since Beijing-sceptic President Tsai Ing-wen took office last May, with speculation China is turning off the taps as a pressure tactic. ...

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Trump uncertainty pushes yen, Swiss franc to multi-week highs

  LONDON: The yen rose to its highest in two weeks and the Swiss franc hit a seven-week high against the U.S. dollar on Wednesday as an intensifying political scandal around U.S. President Donald Trump fueled demand for safe-haven assets. The dollar index, which scaled a 14-year peak of 103.82 on Jan. 3 in anticipation of Trump’s promised tax reform ...

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Hong Kong firm pays US$3b in record land sale

HONG KONG: A Hong Kong tycoon has paid US$3 billion for a prime commercial lot, a city record according to analysts, as costs in one of the world’s most expensive metropolises continue to soar. The price tag – which works out at around US$1 million per square metre – for the rare plot of land in Hong Kong’s bustling Central ...

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Britain’s state-rescued Lloyds bank back in private hands

LONDON: British bank Lloyds, bailed-out by the UK government at the height of the financial crisis, said on Wednesday (May 17) that it had returned to full private ownership. “Lloyds Banking Group has … notified the market that the government’s stake in the group has been reduced to zero; as such, the group has returned to full private ownership,” it ...

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Tusk says EU wants safeguards against trade dumping by UK

  STRASBOURG: Any trade deal linking the EU and Britain after Brexit will require guarantees against “unfair competition” by the UK, EU Council President Donald Tusk said on Wednesday (May 17). With tensions high as next month’s Brexit talks approach, Britain has said it will fight back if the EU will not strike an acceptable exit deal. This has sparked ...

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Trade pact dumped by Trump could be revived at Asia-Pacific meeting

HANOI: Japan and other remaining members of the Trans Pacific Partnership will this weekend decide how to revive the trade agreement ditched by U.S. President Donald Trump. Their trade ministers will talk on the sidelines of an Asia-Pacific Economic Cooperation (APEC) meeting in Hanoi, Vietnam, where newly appointed U.S. Trade Representative Robert Lighthizer is also due to give more detail ...

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Bone identified as victim from sunken S Korean ferry

SEOUL: A piece of human bone recovered from the site of South Korea’s Sewol ferry wreck has been identified as one of the missing victims, officials said on Wednesday (May 17), the first such confirmed find since the vessel was raised in March. The 6,800-tonne ship sank off the country’s southwestern coast three years ago in one of the country’s ...

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Dollar losses build as Trump crisis stokes fears for agenda

HONG KONG: The dollar sank on Wednesday (May 17) with a fresh crisis in the White House fuelling concerns that Donald Trump’s economy-boosting agenda could be run off-track. The administration was once again rocked by allegations over its links to Russia after it emerged the tycoon had divulged classified information to the nation’s foreign minister. That was followed late on ...

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China installs rocket launchers on disputed South China Sea island: Report

  BEIJING: China has installed rocket launchers on a disputed reef in the South China Sea to ward off Vietnamese military combat divers, according to a state-run newspaper, offering new details on China’s ongoing military build-up. China has said military construction on the islands it controls in the South China Sea will be limited to necessary defensive requirements, and that ...

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Return-Refill Packaging Shipment Causing Concern

The International Chamber of Commerce (ICC) has voiced concerns over customs authorities’ handling of return-refill packaging.Shipping goods across borders with reusable containers and tracking systems is better for the environment, consumers and companies yet differential treatment by customs authorities can be detrimental for business, says the ICC. An increasing number of companies have been using return-refill packaging and container systems, ...

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Last Two Abu Sayyaf Fighters Killed on Bohol

  Philippine security forces on the island of Bohol have killed the last remaining members of a group of terrorists who had infiltrated the island an attempt to attack tourists. “All the Abu Sayyaf Group members who landed in Bohol province aboard [three boats] in early April 2017 were all neutralized. Bohol is now cleared of Abu Sayyaf Group elements,” ...

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Record Year for Australia’s Cruise Industry

The Australian cruise market grew by 21 percent in 2016, with 1,281,159 Australians taking a cruise. The growth is the biggest increase on record, according to the Cruise Lines International Association (CLIA) Australasia’s 2016 Australian Ocean Passenger Cruise Industry Source Market Report. Australia was the fifth largest source market in the world in 2016 accounting for 5.2 percent of global ...

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French-British Task Force Busts Indian Ocean Smugglers

A French-British task force has dealt a $100 million blow to terrorists after scoring the second major drugs bust in a month. On May 10, Australian frigate HMAS Arunta pounced on a dhow tracked by units assigned to Combined Task Force 150, where sailors recovered 250kg of heroin. It comes hot on the heels of a double seizure of heroin by ...

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Hyundai Merchant Marine Getting Back on Track

  South Korea’s Hyundai Merchant Marine is expected to turnaround its finances during the second half of next year, said the company’s Chief Executive Yoo Chang-keun on Tuesday. “Our business is quickly getting back on track helped by improving business and financial conditions,” he said. On Monday, the company reported that its operating loss narrowed to $117 million in the ...

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Polaris Shipping Agrees to Settle with Families

The operator of the Stellar Daisy, the bulk carrier that sank in the South Atlantic on March 31, has reached a compensation agreement with the families of most missing crew members.Polaris Shipping, the South Korean operator of the missing vessel, said it has agreed to compensation to families of 17 missing sailors and the two rescued crew, without detailing the ...

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Businesses reopen at Changi Airport’s Terminal 2, but fire takes toll

SINGAPORE: Businesses at Changi Airport’s Terminal 2 reopened on Wednesday (May 17), although some are still dealing with the ramifications of the “small fire” that broke out on Tuesday. The fire that broke out at a room holding air-conditioning equipment resulted in the evacuation of Terminal 2 causing flight delays on Tuesday. Changi Airport Group (CAG) said two people in ...

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FBI given deadline to turn over Trump-Comey communications

  WASHINGTON: House oversight committee chairman and Republican Jason Chaffetz has set a deadline of May 24 for the FBI to produce all communications between President Donald Trump and former FBI director James Comey. In a letter to acting FBI driector Andrew McCbe, Chaffetz said “all memoranda, notes, summaries, and recordings referring or relating to any communications between Comey and ...

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VW’s JV in China to recall nearly 600,000 vehicles over fuse fault

  BEIJING: Volkswagen AG’s joint venture in China, FAW-Volkswagen Automobile Co Ltd, will recall 577,590 Golf and Sagitar cars because of a headlight fuse defect that may lead to safety risks, the quality watchdog said on Wednesday. The recall covers 416,364 Golfs produced between September 2009 and May 2014, and 161,226 Sagitars produced between July 2010 and March 2012, said ...

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