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Dry Bulk Market: Capesize Market Down This Week

Dry Bulk Market: Capesize Market Down This Week

Capesize The Capesize market declined early in the week without much support from either of the basins. The timecharter average,...
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Supporting ballast water management in the Mediterranean Sea

Supporting ballast water management in the Mediterranean Sea

Promoting the development of coordinated action throughout the Mediterranean Sea region to prevent and control marine biological invasions through ships’...
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More bio-, hydrogen-based marine fuels required for net-zero emissions

More bio-, hydrogen-based marine fuels required for net-zero emissions

The shipping industry will need to significantly increase its uptake of bio- and hydrogen-based marine fuels by 2040 to help...
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New, updated version released of “Prevention of Pest Contamination of Containers: Joint Industry Guidelines for the Cleaning of Containers”

New, updated version released of “Prevention of Pest Contamination of Containers: Joint Industry Guidelines for the Cleaning of Containers”

Every year, 241 million containers are transported across the seas with over 7 trillion dollars’ worth of food, clothes, electronics...
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Cash premiums steady on thin trade, inventories rise across key hubs

Cash premiums steady on thin trade, inventories rise across key hubs

Asia’s fuel oil cash premiums were little changed on Friday amid thin trading momentum, while onshore inventories rose across key...
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Maersk signs MOU with Shanghai International Port Group on green methanol bunkering

Maersk signs MOU with Shanghai International Port Group on green methanol bunkering

A.P. Moller-Maersk (Maersk) announced today that the company has signed a Memorandum of Understanding (MOU) with Shanghai International Port Group...
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IMM shortlists 5 overseas firms in sale of Korea’s No. 1 LNG shipping company

IMM shortlists 5 overseas firms in sale of Korea’s No. 1 LNG shipping company

IMM Private Equity Inc. and IMM Investment Corp. shortlisted five overseas companies in its bid to sell its entire 100...
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ICS Disappointed With Lack of Progress in Latest IMO Meeting on Reduction of GHG Emissions From Ships

ICS Disappointed With Lack of Progress in Latest IMO Meeting on Reduction of GHG Emissions From Ships

The International Chamber of Shipping’s reaction on the latest IMO meeting was one of disappointment. Following is ICS’s comment after...
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Baltic index marks first weekly fall in five

Baltic index marks first weekly fall in five

The Baltic Exchange’s main sea freight index edged higher on Friday on stronger demand in the larger capesize vessel segment,...
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2030 And 2040 Climate Action Shipping Hangs In The Balance At The UN, Following A Week Of Talks

2030 And 2040 Climate Action Shipping Hangs In The Balance At The UN, Following A Week Of Talks

Countries must keep the pressure on the UN to commit to reducing emissions from global shipping before 2030, in the...
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Bearish container shipping demand hits container prices and leasing rates across Europe

Bearish container shipping demand hits container prices and leasing rates across Europe

Excess containers stranded across Europe are causing congestion bottlenecks and space shortages at ports, warehouses, and storage yards, according to...
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India: Manned Submersible For 6000 Meter Deep Ocean Mission Will Be Ready By 2026

India: Manned Submersible For 6000 Meter Deep Ocean Mission Will Be Ready By 2026

The Earth Sciences and Science and Technology minister of India, Dr. Jitendra Singh mentioned that the Deep Ocean Mission has...
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Various Initiatives And Projects Undertaken Under Sagarmala Programme To Facilitate Shifting Of Cargo From Conventional Land-Based Transportation To Coastal Shipping Mode

Various Initiatives And Projects Undertaken Under Sagarmala Programme To Facilitate Shifting Of Cargo From Conventional Land-Based Transportation To Coastal Shipping Mode

Under Sagarmala Programme, various initiatives and projects have been undertaken to facilitate shifting of cargo from conventional land-based transportation to...
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Bulk carrier detained, drug search under way

Bulk carrier detained, drug search under way

Bulk carrier FRIENDLY ISLANDS was berthed at Maceio, Brazil, in the morning Mar 24, to undergo a thorough drug search by jointly...
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Teekay Corporation Completes $30 Million Share Repurchase Program and Announces New Share Repurchase Program

Teekay Corporation Completes $30 Million Share Repurchase Program and Announces New Share Repurchase Program

Teekay Corporation (Teekay or the Company) (NYSE:TK) today announced that the Company has completed its previously-announced $30 million share repurchase...
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Standard Chartered signs agreement to provide digital solutions to shipping industry

Standard Chartered signs agreement to provide digital solutions to shipping industry

Standard Chartered Bangladesh and Mediterranean Shipping Company Bangladesh Ltd (MSC) have recently signed an agreement. According to the agreement, MSC’s...
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Six Companies Team up to Build, Operate Japan’s 1st Methanol-fueled Coastal Tanker

Six Companies Team up to Build, Operate Japan’s 1st Methanol-fueled Coastal Tanker

Mitsui O.S.K. Lines, Ltd., MOL Coastal Shipping, Ltd., Tabuchi Kaiun Co., Ltd., Niihama Kaiun Co., Ltd., Murakami Hide Shipbuilding Co.,...
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US-led alliance launches drone patrols to monitor Gulf energy shipping lanes

The latest ship attack around the Arabian Sea shows that even with a reopening of diplomatic relations between Saudi Arabia...
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Oil spills and near misses: more ghost tankers ship sanctioned fuel

Oil spills and near misses: more ghost tankers ship sanctioned fuel

An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near...
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European Green Deal: Agreement reached on cutting maritime transport emissions by promoting sustainable fuels for shipping

European Green Deal: Agreement reached on cutting maritime transport emissions by promoting sustainable fuels for shipping

The Commission welcomes the political agreement reached between the European Parliament and the Council that increases the maritime transport sector’s...
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