Korean Register (KR) has completed an impact assessment of the upcoming amendments to the International Code of the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC Code) and published technical guidance to help the maritime industry prepare...

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As the replacement cycle driven by aging ships worldwide arrives, a forecast said 46,000 newbuild vessels will be ordered over the next 15 years. With the global order backlog for ships now exceeding four years based on current production capacity, analysts say the...

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Two more Indian-flagged LPG tankers have started their journey from the Persian Gulf and are expected to cross the war-hit Strait of Hormuz before heading to Indian ports, ship tracking data showed. LPG tankers Pine Gas and Jag Vasant, sailing close to each other, on...

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Marine fuel is typically bought and sold on a price per ton basis. But price alone does not reflect what bunkering really costs. Consider two suppliers: Supplier A: $600 per ton plus delays, quantity shortfalls, and recurring claims. Supplier B: $601 per ton,...

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The International Chamber of Shipping (ICS) has released the fifth edition of its Guidelines on the Application of the ILO Maritime Labour Convention, urging the global shipping industry to take note of the latest amendments ahead of their entry into force and to...

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The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, was down for a second session on Monday, falling 0.9% to a near one-week low of 2,037 points. The capesize index, which typically transport 150,000-ton cargoes including...

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