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NAT cancels agreement to buy Suezmax

JUNE 10, 2013 — Back on March 20, Nordic American Tankers Ltd. (NAT) announced that it had entered into an agreement to acquire what it then described as a “a very modern

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RINA launches new rules, notations and guidance

JUNE 10, 2013 — Genoa, Italy, headquartered classification society RINA has launched new rules for Offshore Support Vessels, new environmental notations covering cargo handling and transhipment operations and a new guide on

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LPG vessel to get Wärtsilä Aquarius UV BWM

JUNE 7, 2013 — Wärtsilä has been contracted to retrofit its Wärtsilä Aquarius UV ballast water management system for the Marola, a 37,000 cu.m fully refrigerated Liquefied Petroleum Gas (LPG) vessel of

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More European shipowners switch to ClassNK

JUNE 7, 2013 — ClassNK, which now bills itself as “the world’s largest classification society,” plans to get even larger. At Nor-Shipping, it underscored these ambitions by announcing plans to open more

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STX Pan Ocean files for receivership

JUNE 7, 2013 — Dragged down by the continuing problems of the bulker market, Seoul and Singapore listed STX Pan Ocean Co., Ltd. filed for receivership in Seoul Central District Court today.

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Teekay LNG newbuilds get U.S. gas export charters

JUNE 7, 2013 — When Teekay LNG Partners L.P. (NYSE:TGP) inked an agreement with Daewoo Shipbuilding & Marine Engineering (DSME) in December for the construction of two 173,400 cu.m LNG newbuildings (see