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Piracy
Somalis release Bangladeshi ship and crew
Somali pirates released a hijacked Bangladeshi ship, Abdullah, and its crew of 23 early on Sunday after a $5m ransom…
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Gas
Korean LCO2 storage tanks unveiled
A South Korean manufacturer has unveiled how the world’s largest liquefied carbon dioxide (LCO2) storage tanks will look like. Sejin…
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Asia
Singapore retains global shipping hub crown
Singapore’s maritime mantelpiece needs reinforcement, groaning from all the trophies, accolades and awards lavished towards the Lion Republic, the preeminent…
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Europe
Greenpeace targets vessel accused of fuelling Russia’s shadow fleet
Friday morning saw activists from Greenpeace Nordic launch a protest against a bunker vessel accused of fuelling the Russian so-called…
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Finance and Insurance
Insurance pay-outs from Baltimore bridge disaster in the spotlight
Cargo insurer WK Webster is reporting that general average looks to have been declared by the owners of the wrecked…
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Dry Cargo
Beijing unveils coal reserves plan
The National Development and Reform Commission (NDRC) in Beijing has unveiled a domestic coal production reserve system that will commence…
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Europe
Greek shipyard renaissance on show at Posidonia
With less than two months to go until the latest edition of the world’s most famous shipping show, Posidonia organisers…
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Operations
CY Shipping and BigLift Shipping order two ships in China
Partners CY Shipping and BigLift Shipping have increased their fleet of heavylift vessels to six vessels, by adding two ships…
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Piracy
New maritime security firms emerge on the back of ‘worrying’ return of Somali pirates
Similar to 15 years ago during the last Somalia piracy cycle, new maritime security companies are emerging. A total of…
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Americas
Baltimore bridge investigation targets ship’s electrical failure
Investigators in Baltimore are focusing on the Dali’s electrical power system and its circuit breakers and have called in the…
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Containers
Maersk unveils novel way ships can deliver fresh water to parched ports
Three Maersk employees, all former seafarers, have come up with a system to deliver fresh water from vessels to ports. …
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Containers
Transpacific container contracts ‘substantially below’ initial asking rates
The first batch of transpacific contracts are concluding for the May 2024-April 2025 period with analysts at Jefferies reporting Asia-US…
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Americas
Panama Canal Authority warns restrictions will remain in place throughout 2024
The Panama Canal Authority (ACP) has claimed that the tide has turned in its ongoing battle to get back to…
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Europe
Levels of depression and anxiety increase among Ukrainian seafarers
Seafarer charity Stella Maris is warning that Ukrainian seafarers are experiencing increased levels of loneliness and depression amid fears of…
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Tankers
Hafnia shares start trading in New York
Shares in Hafnia, the world’s largest product tanker company, commenced trading on the New York Stock Exchange (NYSE) yesterday, to…
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Greater China
Ex-head of Guangzhou port under investigation
Li Yibo, the former chairman of Guangzhou port, has been placed in custody by anti-graft authorities, with Chinese finanacial newswire…
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Tankers
‘Compelling’ tanker orderbook augurs well for rates through to 2026
The “compelling” tanker orderbook augurs well for freight rates for the coming couple of years, according to multiple researchers. The…
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Tankers
Russia forced to import fuel with up to 20% of its refining capacity knocked out
A new report from Oslo-based Arctic Securities estimates today that around 20% of Russia’s refining capacity has been knocked offline…
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Containers
ZIM climbs the liner rankings
There’s been a shuffling of the global liner rankings with Israeli carrier ZIM leaping above Taiwan’s Yang Ming. Consultancy Linerlytica…
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Ports and Logistics
Thai PM calls for Bangkok Port to be relocated
Bangkok Port is to be relocated. Srettha Thavisin, Thailand’s prime minister, has vowed to regenerate the area along the Chao…
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