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Wärtsilä Gas Solutions continuous to strengthen its position in LNG Bunkering segment with order for four new vessels

Wärtsilä Gas Solutions continuous to strengthen its position in LNG Bunkering segment with order for four new vessels

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply the Cargo Handling and Fuel Gas Supply systems for four...
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Pan Ocean lifts Q1 profit in South Korea on tanker, LNG, bulk gains

Pan Ocean lifts Q1 profit in South Korea on tanker, LNG, bulk gains

Pan Ocean said on May 4 in a regulatory filing that operating profit on a consolidation basis for the first...
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Goldman Sachs tracks US tariff impact on shipping volumes

Goldman Sachs tracks US tariff impact on shipping volumes

Laden vessels from China to the United States increased 4% week-over-week and rose 25% year-over-year for the week ending Thursday,...
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BASS wins BW LNG contract for BASSnet Neo cloud-native solution

BASS wins BW LNG contract for BASSnet Neo cloud-native solution

BASS Software has secured a contract with BW LNG to implement its next-generation BASSnet Neo cloud-native maritime ERP solution across...
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IMO Urged To Ramp Up Efforts on Curbing Shipping’s Black Carbon Impacts on Arctic

IMO Urged To Ramp Up Efforts on Curbing Shipping’s Black Carbon Impacts on Arctic

As this week’s meeting of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 84, April 27-May 1) closes,...
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Elevated tanker rates boost shipping profits amid tight capacity

Elevated tanker rates boost shipping profits amid tight capacity

Elevated tanker and freight rates globally are reinforcing profitability across the shipping sector, turning vessel capacity into strong earnings generators...
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Why Russia’s Northern Sea Route is a risk for global trade

Why Russia’s Northern Sea Route is a risk for global trade

The Iran war and resulting blockade of the Strait of Hormuz have focused minds on international shipping. Russian officials are...
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Ammonia’s share may be 40% of global bunker fuel demand by 2050 — Amogy CEO

Ammonia’s share may be 40% of global bunker fuel demand by 2050 — Amogy CEO

US-based Amogy “deeply believes” that ammonia could account for as high as 40% of the global bunker fuel consumption mix...
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Diana Shipping Inc. Launches Tender Offer to Acquire All Outstanding Shares of Genco Shipping & Trading for $23.50 Per Share in Cash

Diana Shipping Inc. Launches Tender Offer to Acquire All Outstanding Shares of Genco Shipping & Trading for $23.50 Per Share in Cash

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns...
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The Panamax market: A supply-side story

The Panamax market: A supply-side story

After Pacific market strength that has exceeded seasonal norms, Panamax earnings are set to rebalance as a rise in ships...
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World Bank’s 21.6% aluminum price growth forecast is being eclipsed

World Bank’s 21.6% aluminum price growth forecast is being eclipsed

The World Bank projected aluminum prices to increase by 21.6% this year compared with 2025, with the forecast underpinned by...
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Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the...
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90POE Launches Built-in Commercial Voyage Management – Giving Chartering Teams a Live P&L Throughout Every Voyage

90POE Launches Built-in Commercial Voyage Management – Giving Chartering Teams a Live P&L Throughout Every Voyage

90POE, the maritime technology company behind OpenOcean STUDIO, today announced the launch of Commercial Voyage Management (CVM) – a connected...
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IMO adopts world’s largest emission control area to regulate ship emissions in the North-East Atlantic

IMO adopts world’s largest emission control area to regulate ship emissions in the North-East Atlantic

United Nations International Maritime Organization (IMO) formally adopted the world’s largest emission control area (ECA) in the North-East Atlantic Ocean,...
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India plans 62-ship investment project to shore up supply chains amid Hormuz crisis

India plans 62-ship investment project to shore up supply chains amid Hormuz crisis

India plans to expand its national shipping capacity by dozens of ships before the end of next March, the shipping...
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Countries defend global shipping carbon price from Trump admin. at critical UN talks

Countries defend global shipping carbon price from Trump admin. at critical UN talks

Global carbon price on international shipping remains on the table, following negotiations at the 84th session of the Marine Environment...
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India-linked supertanker tests Hormuz blockade to ease domestic fuel crisis

India-linked supertanker tests Hormuz blockade to ease domestic fuel crisis

An India-linked supertanker is currently attempting a high-stakes transit through the Strait of Hormuz, signaling a critical push by New...
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US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz

US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz

The United States is warning shipping companies that they could face sanctions for making payments to Iran to safely pass...
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The IMO pendulum swings back towards the Net Zero Framework — ‘as agreed’ text gets further support but path forward remains uncertain

The IMO pendulum swings back towards the Net Zero Framework — ‘as agreed’ text gets further support but path forward remains uncertain

Readout from UCL Shipping and Oceans Research group shows IMO’s 84th session of the Marine Environment Protection Committee (MEPC) has...
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Tankers: VLCC Market Facing More Uncertainty

Tankers: VLCC Market Facing More Uncertainty

Clean LR2 The TC1 75kt MEG/Japan index remained level in the mid WS550’s this week. A voyage west also saw...
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