The International Chamber of Shipping (ICS) has submitted a detailed, fit-for-purpose proposal to shipping’s global regulator, the UN International Maritime Organization (IMO), for a Zero Emission Shipping Fund (ZESF). In recognition of the urgency to move forward...

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The Baltic Exchange’s dry bulk sea freight index fell to a two-week low on Thursday, as weakness in rates for smaller vessels countered an uptick in the capesize segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels,...

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Spot market activity cooled on the last trading day of January, while a volatile outlook for arbitrage supplies loomed as markets prepared to enter February, trade sources said. Bids and offers for spot cargoes were largely thin on Wednesday as the market braces for a...

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China’s imports of unwrought aluminium more than doubled year-on-year in 2023 and were the second highest annual total since the start of the century. Primary metal imports surged to 1.54 million metric tons from 668,000 tons in 2022, but fell just short of the record...

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ClassNK has granted its Innovation Endorsement for Products & Solutions*1 to “Digital Learning Management System” (Ver.2) developed by MarinePALS, a unit of Maritime Knowledge Ltd. “Digital Learning Management System” is an education and training suite of...

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India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the huge deployment of renewables has relieved pressure on fuel inventories. After a weak monsoon curtailed hydro generation and...

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