The captain of a Hong Kong-registered ship alleged to have damaged undersea cables in the Baltic Sea was assigned a lawyer in a Hong Kong court on Friday, with the case adjourned until September to allow the prosecution to gather more evidence. Wan Wenguo, the captain...

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ABS has developed advanced simulation modeling of thermal runaway in Lithium-ion battery fires, in a critical step forward in tackling one of Maritime’s biggest emergent safety risks. The cutting-edge model, which has now been validated with Texas A&M University...

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Kongsberg Maritime has been awarded a significant contract by Samsung Heavy Industries (SHI) to supply integrated technology packages for nine new Dynamic Positioning (DP) Shuttle Tankers. The vessels are being constructed for Greek shipowner Tsakos Group and will be...

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Spot differentials for Asia high sulphur fuel oil (HSFO) steadied on Friday after sharp declines earlier this week, but ended the week in steep discounts to cargo quotes. The market remained pressured due to high supplies and slow demand. Cracks for 380-cst HSFO...

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Greek banks have emerged as key members of the global ship financing market, with a growing market share and a portfolio of $18 billion by the end of 2024, an impressive annual increase of 18%, according to the latest annual report on global ship financing, compiled...

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Seaborne trade flows are expected to be reshaped, due to China’s and India’s shift towards higher-grade coal imports. In its latest weekly report, shipbroker Xclusiv said that “China’s domestic steel demand continues to experience a marked downturn, deepening concerns...

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