Mitsubishi Heavy Industries (MHI) Group, have acquired Approval in Principle (AiP)(Note1) from Nippon Kaiji Kyokai (ClassNK) for their jointly developed liquefied CO2 (LCO2) / methanol carrier. AiP acquisition for this type of carrier marks a world’s first(Note2)....

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A heat wave in western Europe has lowered water levels on Germany’s Rhine River, hampering shipping and raising freight costs for cargo owners due to additional surcharges as their vessels were unable to sail fully loaded, commodity traders said on Monday. Low water...

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Maritime pilots around the world make a critical contribution to the safety of navigation, the prevention of waterborne pollution and the efficiency of maritime trade. Pilots directing the navigation of ships during over 3 million acts of pilotage every year deliver a...

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Asia’s spot differentials for high sulphur fuel oil (HSFO) softened on Monday amid weakness in crude oil benchmarks and the absence of window trades for a second straight session. There were no bids for a 180-cst grade of HSFO against three offers, while several...

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The Global Centre for Maritime Decarbonisation has successfully completed the world’s first maritime pilot demonstrating the full value chain of onboard captured carbon dioxide (CO2) in China on 25 June 2025. The pilot encompassed two phases. In the first phase,...

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The World Shipping Council (WSC) today released its annual report on containers lost at sea, showing a significant decrease to 221 containers lost in 2023. While this is the lowest number recorded since the survey began in 2008, the WSC underscores the ongoing need...

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