Headlines – Page 395

Jurong Port Tank Terminals Officially Opens in Singapore

The terminal is expected to handle some seven million tons of clean petroleum product annually.

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The two units will be chartered back to subsidiaries of Flex LNG for a period of ten years.

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The parties signed a cooperation deal to join efforts on sustainable development and combating climate change.

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The three extended measures refer to a reduced tonnage tax rate for large vessels exceeding 50,000 net tons.

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The first of the vessels, that will be chartered to a Novatek subsidiary, are scheduled for delivery in 2022.

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