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NAKILAT LNG CARRIER COMES UNDER IN-HOUSE MANAGEMENT

Doha-based Nakilat assumed full ship management and operations of the Q-Flex LNG carrier, Mesaimeer, from STASCo (Shell Trading and Shipping Company Ltd.) with effect from 23 March 2017, as part of the planned and phased transition announced in October last year. The 216,000 cu m capacity Mesaimeer, delivered by Hyundai Heavy Industries in 2009, is wholly-owned by Nakilat and chartered by Qatargas.

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Net profit of Cosco Shipping Ports decreased by 43% in 2017

The net profit of Cosco Shipping Ports decreased by 43% in 2017 and amounted to 247 million USD. Despite of the sharply decreasing net profit, the revenues of the port operator rose by 1.1% to 556.4 million USD. the terminal business of the group suffered from the slowed growth of the world economy and the port industry, as well as the reduction in China’s foreign trade. Cosco Shipping Ports reported that profitability for gross profit decreased by 0.4%, to 35.8% due to increased costs.

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Damen Shiprepair & Conversion completes series of works on Jan de Nul Group vessels

Damen Shiprepair & Conversion (DSC) has recently completed works in Vlissingen and Brest on two major vessels in the fleet of dredging and marine construction specialist Jan de Nul Group. One of these is the Vole au vent, a 140-metre jack-up vessel built specifically for the installation of the latest generation of offshore wind turbines. The other is the trailing suction hopper dredger Leiv Eiriksson. Both vessels are among the largest in their classes, anywhere in the world.

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Portable Dynamic Positioning System: Opportunity for Short-Term Projects

Increased activity in offshore construction & maintenance and both pipe and cable lay has led to the need for vessels with true dynamic positioning (DP) capability. This need is the product of both increased activity in shallow and deep offshore waters and the infrastructure congestion of mature undersea fields. Conventional mooring systems utilizing anchors and anchor handling vessels are not practical in shallow congested fields due to the danger of dragging across pipelines and cable. In deeper waters, the weight and difficulty of handling the necessary scope and rope renders the traditional four-point moor less cost effective and impractical. Vessels with true DP capability are more attractive for these projects.

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DAMEN SCHELDE NAVAL SHIPBUILDING DELIVERS FIRST SIGMA 10514 PKR FRIGATE TO INDONESIAN MINISTRY OF DEFENCE

Damen Schelde Naval Shipbuilding has handed over the first SIGMA 10514 Perusak Kawal Rudal (PKR) frigates to the Indonesian Ministry of Defence, on schedule and on budget. The ceremony took place at the PT PAL shipyard in Surabaya where the vessel was assembled. The Indonesian Ministry of Defence awarded the contract to Damen as main contractor for the construction of the first SIGMA 10514 PKR in December 2012. On receiving the ship, named the Raden Eddy Martadinata after one of the founders of the Indonesian Navy, the Ministry handed it on to the Navy.

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Nakilat Assumes Management of LNG Mesaimeer

Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has assumed full ship management and operations of the Q-Flex LNG carrier Mesaimeer from Shell Trading and Shipping Company Ltd. (STASCo).

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