Total eyes huge annual synergies with Maersk Oil takeover

French oil major Total expects annual synergies of USD 400 million with the acquisition of Maersk Oil. The transaction means that the French company's activities in the North Sea will be combined with Maersk Oil.

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Nordic shipowners see multiple problems with speed limit

Danish Shipping and the Norwegian Shipowners' Association think that there are many potential pitfalls in implementing a speed limit for vessels in order to reduce their greenhouse gas emissions. The discussion of a speed limit was instigated by the new ECSA chairman.

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