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Advancing Sustainable Ship Recycling: The Imperative of Hong Kong Convention (HKC) as the Sole Regulation
Ship recycling, constituting a fundamental pillar of the maritime industry, is pivotal for environmental and safety considerations. The Hong Kong...
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Asia’s thermal coal trade in 2023 to stay strong; world imports to drop in 2024
Thermal coal trade in Asia in 2023 is set to outpace 2022 by 17%, with the biggest driver of this...
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Fraudulent origins suspected for 80% of the EU’s UCO imports – T&E
The European Commission recently published data from International Sustainability and Carbon Certification (ISCC) on the origins of used cooking oil...
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Hapag-Lloyd, Japanese shipping firms continue to re-route from Suez Canal
Hapag-Lloyd HLAG.DE will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the German...
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Delay in Brazilian planting to boost US soybean exports in Q1 2024
The US soybean exports in the first quarter of 2024 are expected to get a boost from Brazil’s planting delay...
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Asia Fuel Oil-Margins log climb in 2023; supply pressure weighs in 2024
Fuel oil refining margins logged a yearly increase in Asia, data from LSEG showed on Friday, though supply pressure is...
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China’s first 2024 refined fuel export quotas flat vs year ago
China has issued its first refined fuel export quotas for 2024 totalling 19 million metric tons, a volume unchanged from...
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GAC expands operations in Germany
GAC Germany, a leading provider of shipping and logistics services in Northern Europe, is set to open a new office...
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APM Terminals Japan to join growing network offering green methanol bunkering
The City of Yokohama, Mitsubishi Gas Chemical (MGC) and Maersk have signed a Memorandum of Understanding (MoU) for the development...
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Dalian iron ore gains 55% in 2023 on China stimulus measures
Dalian iron ore futures ended 2023 with 55.1% jump, driven by stimulus measures in China, while the contract rose on...
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Indian Register of Shipping reflects on 2023 and charts course for 2024 – towards a more sustainable future
The Indian Register of Shipping (IRS) has made significant progress throughout the year 2023. The organisation has successfully ventured into...
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WAF VLCC rates drop to near two-month lows amid Christmas fixing lull
Freight rates for Very Large Crude Carrier voyages loading in West Africa have fallen to near their lowest levels since...
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China aims to build more than half the world’s cleaner-fuel ships by 2025
China has set itself the goal of producing more than half of the world’s shipspowered by cleaner fuels by 2025,...
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Red Sea Crisis Could Further Limit Ship Recycling Activity
The rise in freight rates, as a result of the crisis in the Red Sea, is expected to incentivize owners...
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Bulk carrier hits mine in Black Sea, two people injured, Ukraine says
A Panama-flagged bulk carrier that was headed to a River Danube port to load grain hit a Russian mine in...
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Clean-up begins after Maersk loses shipping containers in North Sea
Debris has washed up on beaches along Denmark’s North Sea shoreline after a Maersk container ship lost boxes overboard during...
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Shipbuilding Activity Focuses Eastwards
Asian owners have been more active in the newbuilding market during the Festive period. In its latest weekly report, shipbroker...
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Techano: Awarded offshore crane contract
Nekkar’s subsidiary Techano Oceanlift has been awarded a contract by Sefine Shipyard to deliver an offshore crane to a newbuild...
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Attack on a ship off India’s west coast can raise war risk premiums as security tightens
India has deployed missile destroyers in the Arabian Sea following the drone attack on a chemicals tanker off its west...
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Fuel Cells Are Here To Decarbonise 15% Of The Global Fleet, Now
Fuel cells are ready to take on the heavy lifting of decarbonisation. There is a new generation of marinised, powerful,...
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