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Environment
UK firm debuts green ‘system-of-systems’ delivering 92% cut in GHG emissions
UK-based engineering company Expleo is trumpeting a closed-loop, e-methanol fuel cell, which it claims delivers a 92% reduction in greenhouse…
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Containers
Scotland gets first direct container link with China
Scotland is getting its first direct container link with China in a new service that promises to cut transit times…
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Finance and Insurance
United Maritime looks to raise $26m
United Maritime Corporation, a spinoff of New York-listed capesize pure-play Seanergy Maritime, has initiated a capital raising exercise, looking to…
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Containers
Global boxport congestion sets fresh record highs
Boxport congestion is setting new record highs, quashing talk of any imminent return to supply chain normalisation. The containership port…
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Ports and Logistics
Biden signs executive order to keep rail freight moving
US President Joe Biden has ordered the establishment of a Presidential Emergency Board (PEB) effective July 18 to help resolve…
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Tankers
CM Lemos orders first LR2s
Piraeus-based Nereus Shipping, an affiliate of CM Lemos, has ordered three 115,000 dwt LR2 tankers at Hyundai Vietnam Shipbuilding. According…
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Ports and Logistics
Macquarie buys into Brazilian port sector
Australia’s Macquarie has entered the Brazilian ports sector. Brazilian railway operator Rumo has sold two sugar and grain terminals at…
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Dry Cargo
Dry bulk pins hopes on China’s economy staging a comeback in H2
China released official Q2 GDP figures today showing how damaging ongoing lockdowns have been to shipping’s most important economy. Output…
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Shipyards
Seoul intervenes in ongoing strike at DSME
The South Korean government has tried to intervene in an ongoing, highly damaging strike which has seen subcontractors occupy the…
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Ports and Logistics
Greek ports privatisation moves ahead
Greece’s ongoing port privatisation plans have turned to Alexandroupolis in the far northeast of the country near Bulgaria and Turkey.…
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Ports and Logistics
Adani wins right to operate Israel’s largest port
India’s Adani Group along with local logistics group Gadot have sealed the winning $1.18bn bid to privatise the Israeli port…
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Asia
Cash-rich HMM outlines $11.45bn expansion plan
South Korean flagship carrier HMM has laid out a massive spending plan through to 2026 that will see its box…
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Containers
6m teu of surplus containers now exist
The global pool of shipping containers increased by 13% to almost 50m teu in 2021, which was three times prior…
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Tankers
Saverys clan continue to build Euronav stake
The takeover saga surrounding Europe’s largest tanker owner is not over yet. Since April John Fredriksen has been battling the…
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Operations
Panama Canal tolls to go up
The cabinet council of the republic of Panama has approved the amended tolls structure recommended by the Panama Canal board…
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Environment
K Line partners with key Middle East client to work on decarbonisation
Japan’s Kawasaki Kisen Kaisha (K Line) has signed a memorandum of understanding with one of its top clients in the…
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Tech
Dubai set to trial container condition monitoring tech
Container analytics company ConexBird has developed and patented a solution to measure the physical condition of shipping containers, whilst they…
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Greater China
China port congestion seen growing on back of local lockdowns and poor weather
Local lockdowns combined with stormy weather is seeing congestion rise at many ports across China again. Shanghai, which suffered a…
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Asia
India embarks on sizeable coal restocking drive, Russian oil imports break new records
India’s energy mix in 2022 continues to throw up plenty of curveballs for those involved in the dry bulk and…
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Ports and Logistics
MSC drops interest in Global Ports Holding
Mediterranean Shipping Co (MSC) has terminated its pursuit of London-listed Global Ports Holding, owned by Turkish businessman Mehmet Kutman. As…
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