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The arrival of 2019 leaves just one year until the global sulphur cap becomes reality. But as the marine industry scrambles to ready itself, an important milestone has already been reached. The new year marks a decade since the first vessel set sail with an Alfa Laval PureSOx scrubber on board.

Chevron Corporation (NYSE: CVX) has reported earnings of $3.7 billion($1.95 per share – diluted) for fourth quarter 2018, compared with $3.1 billion ($1.64 per share – diluted) in the fourth quarter of 2017, which included $2.02 billion in tax benefits related to U.S. tax reform. Included in the current quarter was an asset write-off totaling $270 million. Foreign currency effects increased earnings in the 2018 fourth quarter by $268 million.

Techstars, a worldwide network that helps entrepreneurs succeed, and Eastern Pacific Shipping (EPS), a world leading ship management company, announces they are jointly launching the world’s first global MaritimeTech accelerator, the EPS MaritimeTech Accelerator Powered by Techstars. Based in Singapore, this new mentorship-driven accelerator program will be Techstars second accelerator in the sovereign city-state.

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