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Lloyd’s Register awards its first VC-L+ Descriptive Note for vessel connectivity

Lloyd’s Register (LR) has awarded its first VC-L+ Descriptive Note for vessel connectivity to Neda Maritime’s vessel, MT ASCONA (VLCC). This is the first LR vessel to complete the verification. The ability to support high-quality livestreaming and real-time data...

Yara and NYK Conclude World’s First Time-Charter Agreement for Ammonia-Fueled Medium Gas Carrier

Yara Clean Ammonia Switzerland SA (Yara Clean Ammonia)*, a subsidiary company of Yara International ASA (Yara), the world’s largest ammonia distributor, signed a time-charter contract with Nippon Yusen Kabushiki Kaisha (NYK) for an ammonia-fueled medium gas carrier...

VLSFO leans to downside while HSFO strength holds

Asia’s fuel oil market posted contrasting trends for key grades, with very low sulphur fuel oil (VLSFO) still leaning towards the risk of a downside, while high sulphur fuel oil (HSFO) held onto recent gains. Cash premium for VLSFO was pegged softer on Monday at $5...

IBIA leads change in the rules for the carriage of biofuels by bunker vessels

In November 2023 IBIA submitted a document to IMO on the carriage of biofuels for supply to a ship for use as fuel oil on board that ship. This highlighted that as conventional bunker vessels were limited in carrying fuel oil of no more than 25% biofuel it presented a...

Latest US sanctions raise risks for ships moving Iranian oil in China

The challenge has intensified for the VLCC Star Forest to conceal the rare Iranian barrels loaded from storage in China for Chinese buyers, market sources with knowledge of the matter said Feb. 7. The US Treasury Department on Feb. 6 added the Hong Kong-flagged VLCC...

Baltic index falls as larger vessel rates dip

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday due to weaker larger vessel rates. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 6 points to...

Lloyd’s Register awards its first VC-L+ Descriptive Note for vessel connectivity

Yara and NYK Conclude World’s First Time-Charter Agreement for Ammonia-Fueled Medium Gas Carrier

VLSFO leans to downside while HSFO strength holds

IBIA leads change in the rules for the carriage of biofuels by bunker vessels

Latest US sanctions raise risks for ships moving Iranian oil in China

Baltic index falls as larger vessel rates dip

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