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Middle East
US focuses on reducing Houthi threat in the Red Sea
As well as discussing the idea of a naval coalition with allies, the US is looking to turn the cash…
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Tankers
Salvage teams in Indonesia attend to grounded dark tanker
Indonesian salvage teams have managed to free a shadow tanker that grounded in the Singapore Strait west of Batam. The…
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Containers
Ian Webber to step down as CEO at Global Ship Lease
Ian Webber, the CEO of New York-listed boxship tonnage provider Global Ship Lease (GSL), has announced he will retire from…
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Gas
Avance Gas pockets $240m from two VLGC resales
Illustrative of how newbuild prices have shot up in the last two years, Øystein Kalleklev-led Avance Gas has just sealed…
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Environment
Oldendorff preps a post-panamax for rotor treatment
Canadian miner Teck Resources and German dry bulk giant Oldendorff Carriers will install Flettner rotors on a ship which carries…
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Regulatory
BIMCO adopts four ETS clauses
The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union…
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Operations
Shipping’s exodus from parched Panama in full flow
Global shipping has swiftly learned to live without the Panama Canal with real time seaborne trading maps experiencing one of…
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Containers
$200 per container cost gap for zero emissions shipping
A new 34-page report released today at the margins of COP28 details the annualised total costs of zero emission container…
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Containers
Nestlé fixes alternative fuel contracts with Maersk, CMA CGM and Hapag-Lloyd
Nestlé, the world’s largest food and beverage company, has teamed with Maersk, CMA CGM and Hapag-Lloyd to move the equivalent…
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Tankers
IMO adopts shadow fleet resolution
The International Maritime Organization (IMO) has adopted a resolution targeting illicit shipping practices from the so-called shadow or dark fleet amid considerable…
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Tankers
Euronav orders one VLCC and two suezmaxes
Now that it has fixed its future ownership with the Saverys family back in control, tanker giant Euronav has lifted…
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Environment
Singapore, LA and Long Beach firm green corridor ties
At the 28th United Nations Climate Change Conference (COP28), the Maritime and Port Authority of Singapore (MPA), Port of Long…
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Greater China
China unveils nuclear-powered megamax containership design
Making headlines at this year’s Marintec China exhibition in Shanghai is a design for a giant nuclear-powered megamax containership. State-run…
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Europe
MSC bids for French logistics player
Cash-rich Mediterranean Shipping Co (MSC), the world’s largest containerline, has made a bid for Clasquin, a French logistics company. Clasquin…
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Dry Cargo
Shandong Shipping signs for four methanol dual-fuel VLOCs
At a signing ceremony held at Marintec China yesterday, Asia’s largest shipping exhibition, Shandong Shipping signed with Qingdao Beihai Shipbuilding…
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Gas
BW Epic Kosan privatised
The privatisation process of BW Epic Kosan has been completed with the gas ship operator exiting the Oslo Børs today. …
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Tech
Carbon calculators proliferate ahead of imminent EU ETS inclusion
With 26 days to go until shipping is included in the European Union Emissions Trading Scheme (EU ETS) brokers and…
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Middle East
US discusses Red Sea naval escorts with allies
The US is in discussions with allies to create a naval task force to chaperone merchant ships through the Red…
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Dry Cargo
Tribunal rules neglect of maintenance led to Stellar Daisy’s sinking
The Busan Regional Maritime Safety Tribunal ruled today that Polaris Shipping was guilty of neglect of maintenance which caused the…
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Regulatory
IMO to create Ukrainian technical assistance mission
The International Maritime Organization (IMO) Assembly today is set to adopt a lengthy resolution on the impact of the Ukraine…
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