Navios reveals refinancing action worth $85m for group companies
Giant Greek group continues reorganisation of finances with three new deals
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April 2022
Gunvor Reports Highest Profit Since 2015
Global energy trader Gunvor Group reported a net profit of $726 million for 2021, the highest since 2015, buoyed by its natural gas and liquefied natural gas (LNG) divisions, the company said on Tuesday.The profit was the highest since 2015…
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Libya’s NOC Declares Force Majeure at Brega Oil Port
Libya’s National Oil Corporation (NOC) declared force majeure at the Brega oil port on Tuesday, saying it was unable to fulfil its commitments towards the oil market.”At a time when oil prices are witnessing a significant recovery due to the increase i…
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China proposes market-based plan to spur shipping decarbonisation
Argentina, China, Brazil, South Africa and the United Arab Emirates have proposed a market-based emissions measure at the International Maritime…
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Tech File: New Motor for Anchor, Mooring Winches
BEN Buchele introduced a robust, low-maintenance three-phase asynchronous motor whose stable grey cast iron design is touted to withstand the harshest environmental conditions: salt water, salty air and extreme temperatures from -31 to 122 degrees Fahr…
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