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Höegh LNG has received $223m commitments for 65% bank financing of its latest FSRU, #7, slated for delivery in Q1 2017, as it focuses on the sector.

A new 8.5km channel allowing large container vessels 24/7 access to APMT’s Suez Canal Container Terminal (SCCT) directly from the waterway has opened in Port Said, Egypt.

Dorian LPG has concluded the sale of Grendon, its oldest, smallest LPG Carrier, to focus solely on very large gas carriers (VLGCs).

Following the group’s buyout of Southampton Port, DP World has introduced a new consolidated management structure for its UK operations, headed up by Chris Lewis, currently md of DP World Southampton.

The Britannia Steam Ship Insurance (Britannia P&I) and the UK P&I Club are in talks over a possible merger, in the latest potential consolidation in the marine mutual insurance sector.

In a welcome boost to the UK's industrial Northeast, K Line has launched a new ro-ro service importing Hitachi Transport System Europe (HTSE) rail car body shells to the UK, and has chosen Yorkshire’s Teesport to handle the majority of this cargo. 

Reporting fourth quarter losses of NOK161.1m ($18.6m), North Sea operator Rem Offshore warns of a bad market in the sector for years to come.

Al Nefud, which owner UASC claims is the “world’s greenest” Ultra-large container (ULC) vessel, made its maiden call at Jeddah Islamic Port.

India’s government today cleared $150m of Exim Bank credit to further develop the Iranian Port of Chabahar, in the Gulf of Oman.

Fugro is deploying its new Brazil-built inspection, repair and maintenance (IRM) vessel Fugro Aquarius on contract to Petrobras.

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