A Singapore-registered ship’s Sri Lanka agent paid US$1 million out of US$1 billion damages awarded for causing the island’s worst pollution, a litigant told AFP on Wednesday (Sep 24). The Sea Consortium (Private) Limited made the token payment in “good faith” as it...

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Klaveness Combination Carriers ASA (“KCC”) and HUB Ocean have entered into a collaboration on the Ocean Sensitive Areas (“OSA”) initiative to assess how KCC’s shipping operations may directly affect marine ecosystems. The project will aggregate historical trading...

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Qingdao Beihai shipyard has ordered 10 × Everllence B&W 7G80ME-LGIM (-Liquid Gas Injection Methanol) Mk 10.5 engines in connection with the construction of 10 × 325,000 dwt VLOC (Very Large Ore Carriers) for Chinese shipping companies, Shandong Shipping Corp. and...

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Asia’s high sulphur fuel oil (HSFO) market softened on Thursday, with cracks retreating from six-week highs amid profit taking. The Singapore 380-cst HSFO crack (FO380BRTCKMc1) for October slipped to a discount near $3.85 a barrel on Thursday, after closing nearer to...

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Shell Marine recently released its latest paper: “From compliance to competitive edge: The case for the methane pathway”. The paper outlines why the methane pathway is a commercially viable and scalable way to help the industry lower greenhouse gas (GHG) fuel...

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Global shipping faces fragile growth, rising costs and mounting uncertainty as political tensions, shifting trade patterns and reconfigured routes reshape maritime trade. Global shipping, which carries over 80% of world trade, is under immense pressure, facing fragile...

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