Lloyd’s Register (LR) has announced a new research project with Icebreaker One, an independent, non-profit organisation which aims to support the decarbonisation of shipping by influencing investment decisions with data. The research will aim to help identify and...

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Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that we have conducted the trial use of B24 marine biofuel comprising 24% fatty acid methyl ester (FAME) blended with very low sulfur fuel oil (VLSFO), which was supplied by integrated energy company bp to...

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“On Friday 24 February, one year has passed since Russia’s invasion of Ukraine. During that year, dry bulk exports from Ukraine have dropped 77.8% compared to the same period a year earlier, causing a decline in global dry bulk volumes. Seaborne exports have been...

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The Baltic Exchange’s main sea freight index jumped to the highest in more than three weeks on Wednesday, as rates for all vessel segments rose, led by capesizes. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 80...

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The newbuilding market has picked up the pace during the past week, while a significant number of deals was reported in the S&P market as well. In its latest weekly report, shipbroker Allied Shipbroking said that “the number of newbuilding contracts picked up,...

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Foreign ship owners will have to pay provident fund, gratuity and pension to the Indian crew they hire to run their ships, per a proposal mooted by the Directorate General of Shipping to amend the law relating to provident fund for seafarers. Provident funds...

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