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Asia Fuel Oil: Spot premiums extend slide, backwardation narrows

Asia Fuel Oil: Spot premiums extend slide, backwardation narrows

Spot premiums for fuel oil fell further on Monday, while market backwardation narrowed at the prompt months for both high...
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Shipping companies call for limits on biofuels in shipping

Shipping companies call for limits on biofuels in shipping

Shipping companies including the German shipping giant Hapag-Lloyd and a number of NGOs have called on the UN global shipping...
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UN Shipping Body Must Agree Ambitious New Action to Cut Climate-Heating Shipping Emissions

UN Shipping Body Must Agree Ambitious New Action to Cut Climate-Heating Shipping Emissions

As this week’s crucial International Maritime Organization (IMO) meeting on the reduction of climate heating emissions from the shipping sector...
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Baltic index rises as all vessel segments log gains

Baltic index rises as all vessel segments log gains

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose on...
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Twin Earthquakes Shake North India: 4.0 Magnitude Tremors Hit Delhi-NCR and Bihar

Twin Earthquakes Shake North India: 4.0 Magnitude Tremors Hit Delhi-NCR and Bihar

NEW DELHI: North India experienced two back-to-back earthquakes early Monday morning, first in Delhi-NCR at around 5:30 am, followed by...
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Why Europe may pursue tighter integration in a fragmenting world

Why Europe may pursue tighter integration in a fragmenting world

The idea of seamless movement of capital across Europe’s various economies and markets – a capital markets union, in shorthand...
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Pilot project Hull Vane and TotalEnergies big success

Pilot project Hull Vane and TotalEnergies big success

Hull Vane and TotalEnergies conducted a pilot project by installing a Hull Vane® on one of the company’s chartered Fast...
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Successful Field Trial of the “InfraLaser” Rust and Coating Removal System on an Actual Vessel-Aiming for Environmental Load Reduction

Successful Field Trial of the “InfraLaser” Rust and Coating Removal System on an Actual Vessel-Aiming for Environmental Load Reduction

Mitsui O.S.K. Lines, Ltd., MOL Drybulk Ltd., Furukawa Electric Co., Ltd. and TSUNEISHI SHIPBUILDING Co., Ltd. conducted a successful field...
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Port Hedland in Western Australia’s Pilbara region reopens after Tropical Cyclone Zelia

Port Hedland in Western Australia’s Pilbara region reopens after Tropical Cyclone Zelia

Western Australia’s Port Hedland reopened, the port’s operator said late on Saturday, after Tropical Cyclone Zelia hit the state’s iron...
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The South China Sea: Oil and Gas and an Increasingly Assertive China

The South China Sea: Oil and Gas and an Increasingly Assertive China

The South China Sea is not only vital for global trade but also holds major oil and gas reserves that...
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Can shipping companies hold and use aviation EUA’s to satisfy their obligations under the EU ETS?

Can shipping companies hold and use aviation EUA’s to satisfy their obligations under the EU ETS?

Following the extension of the EU Emissions Trading System (ETS) to maritime transport from 1 January 2024, this year will...
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Panama vessel registry says it is ‘not a haven for sanctions evasion’

Panama vessel registry says it is ‘not a haven for sanctions evasion’

Panama has made progress stripping vessels from its registry that do not meet its flag’s standards, the Central American nation’s...
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US tariff threat looms over crude and refined product flows

US tariff threat looms over crude and refined product flows

President Trump’s proposed tariffs on Mexican and Canadian energy imports have been delayed for now until early March, but the...
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Singapore’s downstream LSFO premiums under pressure amid soft demand

Singapore’s downstream LSFO premiums under pressure amid soft demand

Downstream low sulfur fuel oil premiums around the world’s largest bunker hub of Singapore have come under pressure as sellers...
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Governments Expected to Agree on World’s First Levy on Shipping Emissions At Upcoming IMO Meeting

Governments Expected to Agree on World’s First Levy on Shipping Emissions At Upcoming IMO Meeting

Support is growing for a global tax on shipping emissions, which is bound to be agreed upon at a key...
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Ocean Network Express Marks Significant Milestone with Naming of First Owned Newbuilding Vessel “ONE Sparkle”

Ocean Network Express Marks Significant Milestone with Naming of First Owned Newbuilding Vessel “ONE Sparkle”

Ocean Network Express (“ONE”) is pleased to announce a significant milestone in its corporate history with the naming of ONE...
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UK Chamber statement on Net Zero and UK Shipping

UK Chamber statement on Net Zero and UK Shipping

The UK Chamber has responded to the publication of the Government’s response to the Environmental Audit Committee (EAC) Report on...
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IBIA supports Port of Ceuta’s move to implement mandatory Mass Flow Meters for bunkering operations

IBIA supports Port of Ceuta’s move to implement mandatory Mass Flow Meters for bunkering operations

IBIA – The International Bunker Industry Association welcomes the Port of Ceuta’s decision to become the first Mediterranean port to...
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Saudi crude to China to fall in March after prices hit over one-year high, sources say

Saudi crude to China to fall in March after prices hit over one-year high, sources say

Saudi Arabia’s crude oil supply to China is set to slide in March from the prior month, trade sources said...
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HSFO cracks slip back into discounts as rally retreats

HSFO cracks slip back into discounts as rally retreats

Refining cracks for 380-cst high sulphur fuel oil (HSFO) have fallen back into discounts by the end of the week,...
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