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G7’s Russian oil tanker ban shows teeth, but bite is in doubt

The G7’s proposed plan to bar tankers from hauling Russian oil ups the ante in the West’s economic stand-off with Moscow, but the ultimate bite hinges on whether governments will ratchet up punishments on those skirting sanctions. And with Russian President Vladimir...

EU, G7 weigh ban on maritime services for Russian oil exports, end to price cap

The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia’s war in Ukraine, six sources familiar with the matter said....

EU ports handled 3.4 bn tonnes of freight in 2024

In 2024, the EU sea ports handled around 3.4 billion tonnes of freight (total gross weight). While this freight volume was the same as in 2023, it remained lower than the highest value recorded in the decade 2014-2024 (3.6 billion tonnes in 2019). Rotterdam in the...

War insurance costs spike for ship owners as Black Sea threats grow

War insurance costs for ships sailing to the Black Sea have spiked again, with insurers reviewing policies daily as the conflict in Ukraine spills into sea lanes, five shipping and insurance sources said. The Black Sea is crucial for the shipment of grain, oil and oil...

ASRY Signs Major Strategic Agreements to Strengthen Maritime Capabilities

Arab Shipbuilding and Repair Yard (ASRY) has signed new agreements with leading Italian companies Fincantieri and Roboze to boost naval shipbuilding and repair and establish the Kingdom of Bahrain’s first smart plant dedicated to additive manufacturing. The signing...

ClassNK issues General Design Approval (GDA) for Low-pressure LCO2 Cargo Tank developed by Mitsubishi Shipbuilding

ClassNK has issued a General Design Approval (GDA) for Low-pressure LCO2 Cargo Tank developed by Mitsubishi Shipbuilding Co., Ltd. This approval verifies the tank’s compliance with relevant rules at the detailed design level*1. GDA for a liquefied CO₂ cargo tank made...

G7’s Russian oil tanker ban shows teeth, but bite is in doubt

EU, G7 weigh ban on maritime services for Russian oil exports, end to price cap

EU ports handled 3.4 bn tonnes of freight in 2024

War insurance costs spike for ship owners as Black Sea threats grow

ASRY Signs Major Strategic Agreements to Strengthen Maritime Capabilities

ClassNK issues General Design Approval (GDA) for Low-pressure LCO2 Cargo Tank developed by Mitsubishi Shipbuilding

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