Oil Town News

Chinese state-run shipping giant COSCO Shipping Development Co said on Tuesday that it holds a 3.74% stake in Bank of Kunlun, which has acted as a key official channel for money flows between China and Iran.The statement was made by the shipping firm on the e-interview platform of the Shanghai Stock Exchange, in response to an investor question on whether it held a stake in the bank.COSCO did not elaborate on when it acquired its holding, although the bank had disclosed the shipping firms stake in its 2019 annual report.COSCO’s comments come days after China and Iran, both subject to U.S.

The Damen Shipyard Group’s man in Norway likes picking up the phone these days. With offshore markets in the doldrums, a unique phenomenon is occurring: “Norwegians are talking to me,” said Damen’s Norway sales boss, Remco Hottentot. Three years after opening shop in oil town Stavanger, Hottentot is expanding with a new Aalesund branch. From offshore supply and service to wind parks, fisheries and construction workboats, the Damen offices mark the existence in Norway of valuable alternate ‘value,’ also known as choice. We reach Mr. Hottentot during his whirlwind tour of arctic Norway.

How many things that we thought were forever, that were around since the beginning, have vanished absolutely from view? If you're twenty or over, you may recall the typewriter, and large offices packed with clattering Underwoods. Audiocassettes. The beercan opener ("churchkey"). The Automat cafeteria. The steam tugboat. Depending on how far back you go, you once knew any one of these - all, if you're at the height of middle-age. But which was the last one you saw? Remember its name, and the day you saw it? Did you know it would be the last time? When did it first strike you that it's been ages since you saw one? Do you ever wish you could see one again? Don't hold your breath. There are still steam tugs around, but you won't find them shipdocking.