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IMO approves net-zero regulations for global shipping

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...
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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

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...
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Oil Demand Headwinds Could Take a Toll on Tankers

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

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

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...
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SSA Marine Expands Investment in Termont Montreal Inc.

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,...
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Vopak signs agreements for a new debt issuance of around EUR 560 million equivalent

Vopak signs agreements for a new debt issuance of around EUR 560 million equivalent

Royal Vopak announces the signing of Note Purchase Agreements for a debt issuance in the US Private Placement (USPP) market...
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Maritime Optima and Maritime IntelX announce strategic partnership to enhance chartering efficiency

Maritime Optima and Maritime IntelX announce strategic partnership to enhance chartering efficiency

Maritime Optima, a leading provider of maritime software solutions for any type of company involved in maritime business, is pleased...
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US energy secretary says we can stop Iran’s oil exports

US energy secretary says we can stop Iran’s oil exports

U.S. Energy Secretary Chris Wright said on Friday that the United States could stop Iran’s oil exports as part of...
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Panama Canal traffic fell to 33.7 ships per day in March, authority says

Panama Canal traffic fell to 33.7 ships per day in March, authority says

The number of vessels that transited the Panama Canal, the world’s second-busiest waterway, fell to an average of 33.7 per...
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ICS cautiously welcomes critically important global agreement on shipping’s decarbonisation journey

ICS cautiously welcomes critically important global agreement on shipping’s decarbonisation journey

After many years of negotiations, the International Chamber of Shipping (ICS) welcomes the agreement Friday at the United Nations’ International...
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UN agrees global carbon pricing for international shipping

UN agrees global carbon pricing for international shipping

The UN’s International Maritime Organization (IMO) has agreed on a key climate policy for global shipping–including pricing of emissions–aimed at...
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IMO Reaches Agreement But More Needed To Unlock Future Fuels

IMO Reaches Agreement But More Needed To Unlock Future Fuels

The International Maritime Organisation (IMO) agreed to the sector’s first binding targets to reduce greenhouse gas emissions from ships. The...
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Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports

Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports

A subsidiary of a Hong Kong conglomerate that is embroiled in U.S.-China tensions over its Panama Canal port assets denied...
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ClassNK issues approval in principle (AiP) for Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi Shipbuilding

ClassNK issues approval in principle (AiP) for Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi Shipbuilding

ClassNK has issued an approval in principle (AiP) for an Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi...
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China’s March Iranian oil imports surge on US sanctions fears

China’s March Iranian oil imports surge on US sanctions fears

China’s imports of Iranian oil surged in March as buyers stocked up amid worries that further U.S. sanctions on Tehran...
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Singapore’s MPA gets 14 proposals under EOI to scale up LNG bunker supply

Singapore’s MPA gets 14 proposals under EOI to scale up LNG bunker supply

The Maritime and Port Authority of Singapore has received 14 proposals under its Expression of Interest to scale up the...
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U.S. crude oil exports reached a new record in 2024

U.S. crude oil exports reached a new record in 2024

U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million...
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Asia Fuel Oil: Differentials steady; onshore inventories rise

Asia Fuel Oil: Differentials steady; onshore inventories rise

Spot differentials for fuel oil were little changed on Thursday, while onshore inventories at Singapore climbed to their highest in...
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Coach Solutions partners with Nextvoyage to increase availability of validated data

Coach Solutions partners with Nextvoyage to increase availability of validated data

Coach Solutions, a leading SaaS provider in the shipping industry, has agreed a partnership with Nextvoyage Maritime Software to increase...
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