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EU ETS adoption: opaque methodologies leave container markets to navigate murky waters

After a year of positional uncertainty, the container industry is now shedding light on the impact of the EU Emissions Trading System on container shipping from 2024. The result has been one that generates more questions than clarity concerning the varying surcharge...
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Maersk pauses sailings through Red Sea again after new attack

A.P. Moller-Maersk said Dec. 31 it has suspended its vessels transiting the Red Sea for 48 hours after one of its container ships was attacked by Houthi militants following the resumption of its services through the chokepoint. US Central Command confirmed Dec. 31 it...
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Arctic LNG 2’s Investors Get Nervous as American Sanctions Begin to Bite

Novatek’s Arctic LNG 2 project is one of the most significant liquefied natural gas export developments in the world, and it promises to be a major source of revenue for the Russian state – but U.S. sanctions appear to be having an effect on its progress....
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Shell Fined $1.2M After Worker’s Feet Were Crushed in Gangway Accident

Energy giant Shell and offshore access provider Ampelmann have been fined $1.5 million after the feet of a worker were crushed while walking along a gangway during a transfer in the North Sea. The feet of worker Martin Hill were crushed while walking along a...
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UK Says it is Prepared for Military Action in Red Sea to Defend Shipping

The UK is reiterating that it is prepared to take direct military action in response to what Defence Secretary Grant Shapps called an “incredibly serious” situation in the Red Seas. Shapps is speaking out after yesterday’s escalation by the Houthi rebels and in...
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Eight Missing After New Bunker Vessel Collides with Chinese Fishing Boat

Chinese authorities are investigating an accident between a new Singapore-registered bunker vessel that had just completed construction in China and a fishing boat. The Maritime and Port Authority of Singapore released the details after it received information from...
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