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Dry Bulk Market: Each Ship Class is Telling a Different Story

Dry Bulk Market: Each Ship Class is Telling a Different Story
Depending on the ship type, the dry bulk shipping market tells a very different story so far this year. In its latest weekly report, shipbroker Xclusiv said that “now that summer has come to an end, it is a good moment to look back and assess how the dry bulk market...
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Oaktree Capital Management Sells 14.45% of TORM to Hafnia Ltd.

TORM plc has today been informed of the announcement (the Announcement) by Hafnia Limited (“Hafnia”), confirming that Oaktree Capital Management, L.P. and its affiliates have accepted, subject to entering into a definitive agreement, to sell to Hafnia approximately...
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Russia’s natural gas and coal exports have been decreasing and shifting toward Asia

Since Russia’s full-scale invasion of Ukraine in February 2022, both Russia’s natural gas and coal exports have declined when compared with 2021. Russian exports to Europe have decreased most notably due to a mix of European sanctions and other policies aimed at...
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Zelim Urges Adoption Of Advanced Situational Awareness Technology To Prevent Ship Collisions

Zelim Urges Adoption Of Advanced Situational Awareness Technology To Prevent Ship Collisions
Zelim, the Edinburgh-headquartered maritime safety and security innovator, is calling for the mandatory adoption of advanced situational awareness technology to help prevent ship collisions, reduce fatalities, and improve operational safety at sea. The call follows...
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Red Sea Incidents Prompt Renewed Focus on Duty of Care for Crews

Recent attacks in the Red Sea have prompted renewed calls for stronger leadership and greater care for the mental wellbeing of seafarers.
Following the latest attacks this year which have resulted in the tragic deaths of crew members, mental health organizations are...
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Fairfield-Maxwell Ltd. Returns to Japanese Shipping Industry

Fairfield-Maxwell Ltd. Returns to Japanese Shipping Industry
Fairfield-Maxwell Ltd. (FML) today announced that it is returning to the shipping industry in Japan and opening a new office in Tokyo aimed at participating in ship construction, ownership, investment and leasing. The new company will focus on being the tonnage...
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