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ESP Code updated – New survey requirements for bulk carriers and oil tankers

ESP Code updated – New survey requirements for bulk carriers and oil tankers

To align with the latest revision of the ESP Code (as amended by IMO Res. MSC.525(106)) and IACS Unified Requirements...
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Maritime vision of the Re-elected Commission President

Maritime vision of the Re-elected Commission President

Ursula von der Leyen has been re-elected as President of the European Commission. Her political manifesto, presented shortly before the...
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Shipping disruptions now affect Maersk’s global trade routes amid Red Sea crisis

Shipping disruptions now affect Maersk’s global trade routes amid Red Sea crisis

Shipping disruptions affecting Maersk’s container shipping operations because of the Red Sea crisis have extended beyond the Far East-Europe routes...
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ABS And KRISO To Advance SMR-Powered Vessels And Floating Power Generation Platforms

ABS And KRISO To Advance SMR-Powered Vessels And Floating Power Generation Platforms

ABS and the Korea Research Institute of Ships and Ocean Engineering (KRISO) are working together to advance commercial small modular...
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Turkey To Send Ship To Search For Oil And Gas Off Somalia Coast

Turkey To Send Ship To Search For Oil And Gas Off Somalia Coast

Turkey will send an exploration vessel off the coast of Somalia later this year to search for oil and gas...
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Global Centre For Maritime Decarbonisation Concludes Biofuels Supply Chain Trials

Global Centre For Maritime Decarbonisation Concludes Biofuels Supply Chain Trials

The Global Centre for Maritime Decarbonisation (GCMD) has successfully completed its final supply chain trial for biofuel blended with Very...
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Suez Canal Reports 23.4% Drop In Annual Revenue Due To Red Sea Crisis

Suez Canal Reports 23.4% Drop In Annual Revenue Due To Red Sea Crisis

The Egyptian Suez Canal’s annual revenue dropped by about 23.4 percent in the fiscal year 2023/2024 due to the Red...
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Ports Of Indiana, Port of Antwerp-Bruges Sign Mou

Ports Of Indiana, Port of Antwerp-Bruges Sign Mou

According to the Ports of Indiana's release, representatives from the Ports of Indiana and Port of Antwerp-Bruges met in Antwerp...
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Four Greek Ports Receive €10 Million In CEF Funds

Four Greek Ports Receive €10 Million In CEF Funds

Four regional ports that are part of the HRADF portfolio secured 10-million-euro funds from the European Commission’s Connecting Europe Facility...
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Asia Fuel Oil-Markets Largely Stable; India Sells More Supplies Via Tender

Asia Fuel Oil-Markets Largely Stable; India Sells More Supplies Via Tender

Asia's fuel oil markets changed slightly on Friday, while India sold more High-Sulphur Fuel Oil supplies via tender for loading...
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MOL To Invest In Carnot, A Tech Startup Developing Ways To Dramatically Increase Engine Fuel Efficiency, Slash GHG Emissions

MOL To Invest In Carnot, A Tech Startup Developing Ways To Dramatically Increase Engine Fuel Efficiency, Slash GHG Emissions

Mitsui O.S.K. Lines, Ltd. (MOL) President & CEO Takeshi Hashimoto announced its intent to invest in Carnot Ltd. President Francis...
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Drewry’s World Container Index Rises 1%, Up 92% From Pre-COVID Levels

Drewry’s World Container Index Rises 1%, Up 92% From Pre-COVID Levels

Drewry's World Container Index increased by 1 percent to $2,725 per 40-foot container for the week ending May 2. It...
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Baltic Index Posts Weekly Loss As Capesize Rates Fall

Baltic Index Posts Weekly Loss As Capesize Rates Fall

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, posted a weekly decline...
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Baltic index snaps 3-day losing streak on capesize demand

Baltic index snaps 3-day losing streak on capesize demand

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped a three-session losing...
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Yemen’s Houthi Rebels Claim Long-Range Drone Strike on Tel Aviv

Yemen’s Houthi Rebels Claim Long-Range Drone Strike on Tel Aviv

Yemen's Houthi rebels have claimed responsibility for a drone strike that hit an apartment building in the Israeli city on...
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U.S. Navy Destroyer Helps Rescue 31 People in Eastern Med

U.S. Navy Destroyer Helps Rescue 31 People in Eastern Med

On Tuesday, the crew of a U.S. Navy destroyer helped rescue a group of 31 migrants in the Mediterranean, with...
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Liberian Registry Appoints Passenger Ships Expert Capt. Giorgio De Sciora as New Vice President of Regulations and Standards

Liberian Registry Appoints Passenger Ships Expert Capt. Giorgio De Sciora as New Vice President of Regulations and Standards

The Liberian Registry, the world’s largest ship registry, is proud to announce that Capt. Giorgio De Sciora has been hired...
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STAX Engineering Secures $40M to Bring the 3 Largest Shipping Vessel Classes into California Air Resources Board Compliance

STAX Engineering Secures $40M to Bring the 3 Largest Shipping Vessel Classes into California Air Resources Board Compliance

STAX Engineering, a pioneer in maritime emissions capture and control, closed a $40M funding round led by Upper90, a leading...
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Dual Fuel Fleet Additions Continue to Rise

Dual Fuel Fleet Additions Continue to Rise

Owners are shifting to dual fuel systems in order to achieve net-zero emissions and comply with current environmental standards in...
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Bourbon, Opsealog Form Digital Partnership to Cut OSV Fleet Emissions

Bourbon, Opsealog Form Digital Partnership to Cut OSV Fleet Emissions

Enhanced fleet monitoring and data-driven optimization will be deployed across Bourbon’s global marine and logistics fleet of 104 vessels as...
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