VLCC freight rates have surged as the onset of US and China port tariffs, with accompanying extra costs and fleet inefficiencies, has added to robust demand for carriage from strong crude production. The US and China each imposed high port fees on Oct. 14 on tonnage...

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A substantial portion of ship financing is tied to fossil fuel carriers that face risks of stranding in the global shift to a low-carbon energy system. A comprehensive study by researchers at UCL (University College London) has mapped the global landscape of shipping...

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According to a new paper by DNV, shifting environmental requirements are reigniting interest in nuclear propulsion as a long-term solution for maritime decarbonization. This renewed attention comes despite the absence of any civilian commercial nuclear-powered vessel...

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The dry bulk market second-hand market was quite active last week. In its latest weekly report, shipbroker Xclusiv said that “activity picked up across all bulk segments this week. On the Newcastlemax sector, the “Bulk Sao Paulo” – 208K/2020 New Times was reported...

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