The new guidance promotes nuclear power as a reliable maritime energy source, addressing the complex regulatory, safety and economic challenges of its integration. Lloyd’s Register (LR) has published Navigating Nuclear Energy in Maritime, a new guidance document...

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Asia fuel oil markets were broadly steady on Thursday, with high supply inventories capping recovery in benchmarks. Singapore’s very low sulphur fuel oil (VLSFO) cash differential narrowed slightly, hovering near a discount of $3 a metric ton. Meanwhile, high sulphur...

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RINA, the global engineering consultancy, inspection and certification group, has been awarded the Front-End Engineering Design (“FEED”) contract by PETRONAS CCS Ventures Sdn. Bhd. (PCCSV), a wholly owned subsidiary of Petroliam Nasional Berhad (“PETRONAS”), for the...

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A growing number of seafarers are falsifying their CVs to secure higher-paying jobs in the tanker market, as strong demand for experienced crew pushes wages upwards. Internal screening by Danica Crewing Specialists has revealed that between 5% and 10% of job...

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Several tankers are delivering gas condensate cargoes from Russia’s Arctic LNG 2 plant to China, data from market sources and LSEG ship-tracking showed, despite Western sanctions imposed on the ships and the project. A by-product of liquefied natural gas production,...

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Freight rates for dirty tanker voyages loading in West Africa have risen significantly in the second decade of October, amid uncertainty generated by China’s new special port fee system for ships with US affiliations and strong inquiry levels for Europe-bound voyages,...

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