Analyst: Concerns over DSME undue

Daewoo Shipbuilding & Marine Engineering is now the star performer among South Korea’s Big Three shipbuilders and concerns over its earnings are undue, said an analyst.
Samsung Securities analyst Han Young-soo based his report on a recent visit to the Okpo-based DSME to check on its recent
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ANZAC Day: Lest We Forget

By Wendy Laursen 2015-04-24 00:02:38 This year marks the 100th anniversary of the landings at Gallipoli and, in turn, the birth of the Anzac spirit – the “unseen, unpredictable and unquenchable thirst for justice, freedom and peace.” ANZAC Day, April 25, marks the anniversary of the first campaign that led to major casualties for Australian…

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Shipping looks at LNG as growth engine

Demand for LNG in Asia is growing and shipping and maritime-related enterprises should gear up for the business this will bring.
Speaking at Sea Asia on 23 April, Singapore LNG Corporation (SLNG) CEO John Ng said, “Asia is the growth engine for LNG demand with around 75% of total LNG consumption
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Russia and Argentina Team Up on Energy

By Wendy Laursen 2015-04-23 20:48:03 Gazprom and Argentina’s national petroleum company YPF have signed a memorandum of cooperation that covers future bilateral activities including exploration, production and transmission of hydrocarbons in Argentina and other countries. Alexey Miller, Chairman of the Gazprom Management Committee, and Miguel Galuccio, Chief Executive Officer of the Argentine national petroleum company…

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Syrian Rebels Hurting Regional Export Trade

By Reuters 2015-04-23 20:28:18 Syrian rebels’ seizure of the main frontier crossing with Jordan has dealt a heavy blow to the Damascus government’s efforts to revive a once thriving export trade crippled by civil war, and is also hurting businesses across the region. Western-backed mainstream insurgents took control of the Nasib crossing three weeks ago,…

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Iranian Ships Moving Away From Yemen

By Reuters 2015-04-23 20:18:25 Iranian ships are moving northeast away from Yemen, a U.S. official said on Thursday after a convoy of Iranian cargo ships prompted U.S. concerns that Tehran was sending weapons into the region. The official, speaking on condition of anonymity, called the move a “promising sign” but said the United States would…

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EU Triples Mediterranean SAR Spending

By MarEx 2015-04-23 20:09:40 Four days after up to 900 desperate people drowned trying to reach Europe from Libya, EU leaders agreed on Thursday to triple its naval search mission in the Mediterranean, restoring its funding to last year’s level. Critics called it a face-saving operation that did not go far enough to emulate an…

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