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Mangalia Shipyard Enters Bankruptcy

Mangalia Shipyard is entering bankruptcy proceedings after creditors rejected its reorganization plan, prompting a court process that will lead to liquidation steps.

Excelerate Acadia Named at HD Hyundai Ulsan Shipyard

Excelerate Energy named its new FSRU, Excelerate Acadia, at HD Hyundai Heavy Industries in Ulsan. The vessel, built for long-term LNG import and regasification work, is scheduled for deployment at the company’s integrated LNG terminal in Iraq.

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