Bulk carrier LOYALTY HONG, berthed at Lyttelton, New Zealand, suffered engine room flooding during her stay, she arrived at Lyttelton on Mar 5, understood to load timber. Ship is operating on an aux generator, power is disrupted by damaged electric switch board, says...

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The technology group Wärtsilä has signed a five-year Optimised Maintenance Agreement with National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Group (NMDC Group). The agreement covers seven vessels in the NPCC fleet and is designed...

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Traders, producers, investors and governments are racing to secure software solutions that can offer real-time visibility and facts amid a continuing Russia-Ukraine war and the post-Covid resurgence of China in commodity markets. Vessel tracking – and the next...

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A new emissions index has been developed by independent shipping platform SHIPNEXT, in a bid to address widely-held industry concerns about the International Maritime Organization’s (IMO) emissions reduction measures. According to Alexander Varvarenko, the...

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Spot fuel oil premiums for high sulphur fuel oil (HSFO) declined on Monday, although a flurry of trades at the Singapore window kept the downside limited. The 180-cst HSFO cash differential dipped to $3.23 a tonne, while the 380-cst HSFO cash differential...

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The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to an over 11-week high on Monday, propelled by stronger rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and...

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