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IMO approves net-zero regulations for global shipping

The International Maritime Organization (IMO) has achieved another important step towards establishing a legally binding framework to reduce greenhouse gas (GHG) emissions from ships globally, aiming for net-zero emissions by or around, i.e close to 2050. The IMO...

Phase-out of fossil fuels in shipping begins in earnest: IMO measures unlikely to reach GHG reduction targets, but close the LNG business case and send clear long run signal for hydrogen-derived fuels

The IMO’s Marine Environment Protection Committee 83rd meeting has concluded with a weak agreement on mid-term measures that does not reduce the sector’s emissions in line with targets in the IMO’s revised GHG strategy. The agreement, constitutes a fuel standard (a...

Oil Demand Headwinds Could Take a Toll on Tankers

The tanker market could be faced with increased pressure, amid a trade war and tariff-hit global economic landscape. In its latest weekly report, shipbroker Gibson said that “with all the turmoil in the global financial markets, oil prices have come under pressure not...

HD Hyundai and Hanwha Eye Acquisition of Subic Shipyard in Strategic Southeast Asia Expansion

It was revealed that HD Hyundai and Hanwha Group are considering a proposal to acquire the Subic Shipyard in the Philippines. This development marks a significant move in the strategic expansion of South Korean companies into Southeast Asia’s shipbuilding and defense...

Korean shipbuilders gear up as Trump suggests U.S. may buy warships

U.S. President Donald Trump on Thursday said the United States could order advanced vessels from allied nations, sending Korea’s shipbuilders in a rush to accelerate its presence in the United States to win contracts from the U.S. Navy. “We are going to be rebuilding...

SSA Marine Expands Investment in Termont Montreal Inc.

SSA Marine, one of the world’s leading independent marine terminal operators and the largest container terminal operator in the Americas, announced today that it has expanded its investment in Termont Montreal Inc. (“Termont”) by acquiring an additional 25% interest...

IMO approves net-zero regulations for global shipping

Phase-out of fossil fuels in shipping begins in earnest: IMO measures unlikely to reach GHG reduction targets, but close the LNG business case and send clear long run signal for hydrogen-derived fuels

Oil Demand Headwinds Could Take a Toll on Tankers

HD Hyundai and Hanwha Eye Acquisition of Subic Shipyard in Strategic Southeast Asia Expansion

Korean shipbuilders gear up as Trump suggests U.S. may buy warships

SSA Marine Expands Investment in Termont Montreal Inc.

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