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Environment
EU delays ETS plans for shipping
The European Union Parliament has voted in favour of extending its carbon market to all departing flights, but political divisions…
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Tankers
Greece’s tanker spat with Iran takes a twist with latest court ruling
A Greek appeal court on Wednesday overturned an earlier court ruling that allowed the confiscation by the United States of…
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Containers
FMC dishes out $2m fine to Hapag-Lloyd
The Federal Maritime Commission (FMC) in the US yesterday approved a settlement agreement reached between its Bureau of Enforcement (BoE)…
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Containers
Liner average operating margins break all records
Average operating margins for the container industry are unprecedented in the history of shipping. Having gone through all Q1 results,…
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Bunkering
ABS sees shipping weening itself off oil as a fuel much quicker than earlier predicted
The potential for carbon markets and pricing to reshape global shipping, as well as the impact of the emerging hydrogen…
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Finance and Insurance
Maroulis takes over from Chipalkatty at Citi
Citi has promoted from within for a replacement for Shreyas Chipalkatty as head of its shipping division. Vassilios Maroulis, a…
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Gas
Hyundai Glovis to develop world’s largest CO2 carrier
Shipyard Hyundai Heavy Industries is working with compatriot owner Hyundai Glovis to develop the world’s largest carbon dioxide carrier. Class…
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Operations
Wilhelmsen debuts rebranded agency division at Posidonia
Wilhelmsen debuted a rebranded, repurposed agency division at Posidonia yesterday. Wilhelmsen Port Services expands the remit of the traditional port…
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Tankers
Euronav takes full control of two giant FSOs
Euronav has bought out International Seaways’s holdings in two FSOs. The two converted ULCCs, the FSO Asia and FSO Africa,…
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Containers
Cambodia gets its fastest ocean link to the US
Cambodia, where exports are flourishing post-covid, has a new fast way to get its goods to the US. Swire Shipping…
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Tech
Samsung Heavy presses ahead on its autonomous journey
Lloyd’s Register (LR) and Samsung Heavy Industries (SHI) signed a memorandum of understanding (MOU) at Posidonia on Tuesday to develop…
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Ports and Logistics
Shanghai port congestion nearly back to normal levels
As Shanghai springs back to life after two months of lockdown, congestion at the port is almost back to normal,…
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Environment
Mediterranean on track to become world’s next ECA
The Mediterranean looks like it will follow the likes of the Baltic and the North Sea with the creation of…
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Europe
Greek owners decry sanctions
It was a case of standing room only at a packed room at the Astir Palace for the final session…
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Europe
Greek PM lays out his vision for European shipping
Greek prime minister Kyriakos Mitsotakis presided yesterday over the official opening of Posidonia 2022, during which he revealed he has…
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Containers
New transpacific container spot index launches
Container shipping already has a bewildering profusion of indices for clients to assess freight rates. There’s now one more to…
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Europe
Greece’s second-generation owners discuss the ‘intimidating’ pressure of taking the helm
Greek shipowning is in flux as many children of famous founders step up to the helm. At a specially convened…
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Containers
Shippers have lost up to $10bn from delayed ships during the pandemic
The dire schedule reliability among containerlines, where 70% of ships arrive late, has led to billions of dollars being squandered…
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Tankers
Iranian ships seen carrying Russian crude out of the Black Sea
Iranian-controlled vessels have been drafted in to ship Russian crude out of the Black Sea in the latest chapter of…
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Bunkering
LNG champion CMA CGM orders its first methanol-fuelled ships
Methanol as a leading contender for a fuel of the coming decades has been given a huge fillip with news…
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