The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar cargo ship as underwriters had already factored in the casualty after it was first hit by a missile last month, industry sources said. The cost of insuring...

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The oil and gas industry has witnessed a considerable upheaval in its supply chains amid the protracted Russia-Ukraine conflict and renewed tensions in the Middle East. Both of these conflicts could potentially disrupt global oil and gas supplies in 2024, and hence,...

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Dalian iron ore futures prices extended their decline on Monday, dragged down by slow near-term demand recovery and growing doubts on mid-to-long-term prospects for the key steelmaking ingredient in top consumer China. The most-traded May iron ore contract on China’s...

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We are thrilled to announce a collaboration with Nike to reduce the carbon footprint of their maritime transport. This initiative seamlessly aligns with the CMA CGM Group’s comprehensive strategy for decarbonization, working towards achieving Net Zero by 2050 and...

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The sky’s the limit” for the use of derivatives in the shipping industry, according to finance expert and academic Professor Nikos Nomikos. Speaking at a jointly hosted Baltic Exchange and Institute of Chartered Shipbrokers’ webinar, Nomikos, a professor of Shipping...

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Rotterdam World Gateway (RWG) container terminal has decided to equip its entire quayside with shore-based power for all vessels. The RWG terminal is already fully automated and CO2 neutral. Construction of shore-based power facilities means that the ships will also...

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