HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai specialized in shipbuilding, announced on May 23 that it has recently signed a contract to build two 18,000-ton LNG bunkering vessels with a shipping company based in...

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Mitsui O.S.K. Lines, Ltd. announced that it has decided to order a new LNG-fueled very large crude carrier (VLCC) to sail under a long-term time charter contract with Idemitsu Tanker Co., Ltd. (President: Tomio Inagaki; Head Office: Chiyoda-ku, Tokyo). It will be the...

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Russia’s leading tanker group Sovcomflot FLOT plunged to a net loss of $393 million in the first quarter, blaming the slump on new Western sanctions that have led to operational problems, lower revenues and some vessels sitting idle. Sovcomflot’s financial pressures...

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CM Technologies (CMT) is advising shipowners and operators to urgently review their fuel and lubricating oil sampling practices following the entry into force of revised IMO guidelines. Recent amendments to MARPOL Annex VI and SOLAS Chapter II-2 include a 50% increase...

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On the occasion of the Presidency of Greece, the United Nations Security Council convened a high-level open debate on the theme of “Strengthening Maritime Security through International Cooperation for Global Stability”, under the item “Maintenance of international...

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The global seaborne trade routes appear to be steadily return to their “factory settings” after a series of positive developments over the past few weeks. However, everything is still shaky and could reverse at any time. In its latest weekly report, shipbroker Xclusiv...

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