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Competition Intensifying between Korean, Chinese Shipbuilders in Taking Orders for Methanol-Powered Ships

Competition Intensifying between Korean, Chinese Shipbuilders in Taking Orders for Methanol-Powered Ships

As methanol-powered ships are rapidly emerging as next-generation eco-friendly ships, competition is heating up between Korean and Chinese shipbuilders about...
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French LNG terminal disruptions expected to continue tomorrow

French LNG terminal disruptions expected to continue tomorrow

The strike against the French government’s planned pension reforms that have disrupted French liquified natural gas terminals are expected to...
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India’s duty-free sunflower oil imports from Black Sea set to drop this year

India’s duty-free sunflower oil imports from Black Sea set to drop this year

India is likely to import 1.5 million tonnes of duty-free sunflower oil during the current fiscal year to March 31,...
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Product Tanker Market Flows Shifting After Ban on Russian Imports

Product Tanker Market Flows Shifting After Ban on Russian Imports

The product tanker market flows have changed considerably since the EU ban on Russian imports. In its latest weekly report,...
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Shipping cost drops as larger vessels can enter Ctg port after Karnaphuli capital dredging

Shipping cost drops as larger vessels can enter Ctg port after Karnaphuli capital dredging

After completion of the capital dredging of the Karnaphuli River, the shipping cost has come down as 10-metre draft vessels...
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Anglo-Eastern set to go wide with Starlink Maritime

Anglo-Eastern set to go wide with Starlink Maritime

This week celebrates the first formal installation of Starlink’s maritime broadband service within Anglo-Eastern’s managed fleet. The installation is part...
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S.N. Corporation Bangladesh ship recycling yard achieves HKC compliance

S.N. Corporation Bangladesh ship recycling yard achieves HKC compliance

The certification of M/S. S.N. Corporation’s Unit-02 ship recycling yard at Shitalpur, Sitakunda is a significant step for Bangladeshi green...
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Asia-US container rates continue to plunge; US ports ‘wide open’ as consumer demand wanes

Asia-US container rates continue to plunge; US ports ‘wide open’ as consumer demand wanes

Rates for shipping containers from Asia to the US continued to slide this week as congestion has largely dissipated at...
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Crude shipping revs up; supertanker rates top $100,000 a day

Crude shipping revs up; supertanker rates top $100,000 a day

Spot rates for very large crude carriers (VLCCs) — tankers that carry 2 million barrels of oil — just breached...
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Oil and gas contractors to strike over pay

Oil and gas contractors to strike over pay

Oil and gas contractors on a series of North Sea platforms have voted to take strike action. Unite the union...
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Tankers: VLCC Market Receives Strong Boost

Tankers: VLCC Market Receives Strong Boost

Clean The Middle East Gulf has been active this week with rates improving on all sizes. TC1 (75kt MEG/Japan) has...
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Carbon emissions from Indian marine sector lower than global average

Carbon emissions from Indian marine sector lower than global average

The carbon emissions from the Indian marine fisheries sector is much lower than the global level, an ICAR-Central Marine Fisheries...
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Ukraine, Romania agree to check depths of Danube canals

Ukraine, Romania agree to check depths of Danube canals

Ukraine and Romania have agreed to check the depth of canals off the Danube river which Kyiv uses to export...
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DNV awards AiP for a floating ammonia production unit developed by SWITCH2 and BW Offshore

DNV awards AiP for a floating ammonia production unit developed by SWITCH2 and BW Offshore

An industrial scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from...
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Russia complains of unfulfilled pledges on Ukraine grain deal as renewal date looms

Russia complains of unfulfilled pledges on Ukraine grain deal as renewal date looms

Russia’s foreign minister Sergey Lavrov March 9 repeated his country’s grievances with the agreement that guarantees the safety of commercial...
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VLSFO margin posts weekly gain despite ample prompt supplies

VLSFO margin posts weekly gain despite ample prompt supplies

Refining margins for very low sulphur fuel oil (VLSFO) in Asia posted a mild weekly gain despite heavy supply arrivals...
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Implied obligation to re-inspect without delay

Implied obligation to re-inspect without delay

In the Pan Ocean Co Ltd v. Daelim Corporation (DL Lilac) EWHC 391 (Comm) charterparty dispute, the arbitral tribunal found...
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Demand for greener supply chain boosts PCTC newbuild market in China

Demand for greener supply chain boosts PCTC newbuild market in China

Data from Clarkson shows this niche area is outperforming the rest of the shipping market, with 38 newbuild PCTCs ordered...
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Baltic index gains for third week on stronger capsizes

Baltic index gains for third week on stronger capsizes

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, gained for the third straight...
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Brazil’s Iron Ore Exports Down During 2022

Brazil’s Iron Ore Exports Down During 2022

Demand for iron ore declined during 2022, bringing export volumes down in most major markets, Brazil included. In its latest...
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