Category: bangladesh
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Elderly capesize heads for Bangladesh recycling
Elderly capesize heads for Bangladesh recycling A 2002-built capesize bulker has been reported sold for demolition in Bangladesh, marking the first cape recycling deal of the year. The 176,000 dwt Beihai, a CSBC Kaohsiung-built unit now sailing under the flag of St Kitts & Nevis and managed by Green Ocean Ship Management, has surfaced as…
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MSC seals inland terminal deal in Bangladesh
MSC seals inland terminal deal in Bangladesh Swiss containership giant MSC has moved to strengthen Bangladesh’s inland logistics network through a new concession to operate the Pangaon Inland Container Terminal (PICT), marking one of the largest inland infrastructure commitments yet by a global liner in the country. Medlog, MSC’s fast-growing inland logistics arm, struck a…
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LNG scrapping sets annual record
LNG scrapping sets annual record LNG carrier demolition sales have already reached an annual record with nearly 30% of the year still to go. Data from Clarksons Research show 0.8m dwt worth of LNG carriers have been sent for demolition this year as weak market conditions have led to several steam turbine units being disposed…
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Global ship recycling landmark arrives with patchy compliance across South Asia
Global ship recycling landmark arrives with patchy compliance across South Asia Fully 16 years in the making, the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships entered into force today, with the majority of demo yards in Bangladesh and Pakistan – two vital recycling destinations – still not compliant with…
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Bangladesh books LNG from future export terminal in Louisiana
Bangladesh books LNG from future export terminal in Louisiana The United States-based Argent LNG has signed a heads of agreement (HOA) with the Government of Bangladesh for the purchase of liquefied natural gas (LNG) from the former’s proposed export facility in Port Fourchon, Louisiana. The post Bangladesh books LNG from future export terminal in Louisiana…