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‘Economic Fury’: US sanctions China’s ‘teapot’ refinery and 40 shipping firms, tightens pressure on Iran oil trade

‘Economic Fury’: US sanctions China’s ‘teapot’ refinery and 40 shipping firms, tightens pressure on Iran oil trade
The United States has imposed fresh sanctions on a major China-based oil refinery and around 40 shipping companies and tankers linked to Iranian oil transport, escalating its campaign to choke Tehran’s key revenue stream. The move targets what Washington describes as...
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PIL and ABS to Advance Maritime Decarbonisation with Alternative Marine Fuel Emissions Verification

PIL and ABS to Advance Maritime Decarbonisation with Alternative Marine Fuel Emissions Verification
Pacific International Lines (PIL) and ABS have announced a formal collaboration with a Memorandum of Understanding (MOU) to support PIL’s participation in Book and Claim registries, enabling credible, independently verified claims of emission reductions from...
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US OFAC issues new sanctions and advisory notice on Iranian oil products

US OFAC issues new sanctions and advisory notice on Iranian oil products
On 15 April, the US Department of the Treasury announced a further sanctions action by the Office of Foreign Assets Control (OFAC) targeting networks involved in the transportation, sale, and financial facilitation of Iranian-origin oil. OFAC designated more than two...
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ABS and Fleet Robotics Team Up to Bring Autonomous Robotic Systems to Maritime

ABS and Fleet Robotics Team Up to Bring Autonomous Robotic Systems to Maritime
ABS and Fleet Robotics signed a memorandum of understanding (MOU) to collaborate on autonomous robotic systems for continuous hull cleaning and inspection. Announced at Singapore Maritime Week, the collaboration reflects growing industry demand for technology-forward...
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Genco Shipping & Trading Files Preliminary Proxy Statement in Connection with 2026 Annual Meeting of Shareholders

Genco Shipping & Trading Files Preliminary Proxy Statement in Connection with 2026 Annual Meeting of Shareholders
Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today filed preliminary proxy materials with the Securities and Exchange Commission (“SEC”) in connection with its 2026 Annual...
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