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Energy market defined by “striking contradiction”, according to latest Willis Energy Market Review

Energy market defined by “striking contradiction”, according to latest Willis Energy Market Review
Despite mounting loss activity, rising social inflation and geopolitical volatility, the energy insurance market remains deeply soft, with abundant capacity, intense competition and continued downward pressure on rates, according to the Energy Market Review published...
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Owners need to consider the scope of their war risk cover as claims expand beyond high-risk zones, warns London P&I Club

Owners need to consider the scope of their war risk cover as claims expand beyond high-risk zones, warns London P&I Club
Shipowners and brokers need to take greater consideration of the scope of their war risk cover, and not just the price, as the number of war risk claims following incidents outside of traditional high-risk areas has risen, a senior underwriter at the London P&I...
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Wilhelmsen Ship Management launches dedicated vessel lifecycle-company Cyclus Marine

Wilhelmsen Ship Management launches dedicated vessel lifecycle-company Cyclus Marine
While new in name, the foundation is proven. Cyclus Marine builds on more than 50 years of Wilhelmsen Ship Management deliveries. Cyclus Marine supports vessels across all major stages under one brand: Newbuilding Dry-docking Riding crews Retrofits Conversions...
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ABS Investing in Technology, Innovation and World-Class Services for Clients

“ABS is pioneering safety and innovation, shaping advanced solutions across the full value chain of the markets we serve that reinforce our mission and strengthen the world-class support we provide our clients.” That was one of the key messages from ABS Chairman and...
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Power increase for Wärtsilä 25 Ammonia engine supports more efficient ammonia fuelled vessel designs

Technology group Wärtsilä announces that its 4‑stroke engine solution for ammonia fuel now offers a higher power rating. As part of the company’s ongoing development of ammonia‑fuelled engine solutions, the upgrade to the Wärtsilä 25 Ammonia engine raises output to...
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Fujairah’s fuel oil inventories plunge 24% amid higher exports

Fujairah’s residual fuel oil inventories have averaged 24% lower so far in April compared to March, according to the latest data from Fujairah Oil Industry Zone (FOIZ) and S&P Global. Changes in monthly average Fujairah stocks from March to April (so far): Heavy...
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