Police in Bulgaria have arrested the Russian owner of a ship that brought the explosive material that detonated at Beirut port in August 2020, killing more than 200 people, Bulgarian media reported. Igor Grechushkin, a Russian businessman based in Cyprus, was detained...

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Asia’s hi-5 fuel oil spread widened for a second consecutive session, as the very low sulphur fuel oil (VLSFO) market continued to extend its recovery. The front-month hi-5, which reflects VLSFO’s premium over 380-cst high sulphur fuel oil (HSFO), closed at $77.50 a...

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“Shipping and the IMO are on different trajectories. There is no clear pathway for green fuel availability and scalability and infrastructure support. LNG and biofuels are mission critical to any success and should not be overlooked, over penalized or discarded in the...

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Newbuilding ordering activity rose last week, with more owners contracting vessels. In its latest weekly report, shipbroker Banchero Costa said that “in the container sector, Greek company Danaos Shipping placed an order of 2 x 7,500 teu carriers to China’s Dalian...

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China’s LPG market has been on a rollercoaster ride this year, caught between tariff wars, volatile petchem margins and shifting supply patterns. Following the lows in June, the country’s LPG imports began to recover in July owing to robust feedstock demand from PDH...

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The shipping sector is still off track to meet its climate target of having at least 5-10% of the fuel used in international shipping come from scalable zero-emission sources by 2030, according to a new progress report. The fourth annual report of its kind, Progress...

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