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Middle East
Rubymar’s sinking poses ‘major environmental crisis’ in the Red Sea
The Red Sea shipping crisis has entered a new chapter with the sinking of the bulk carrier early on Saturday…
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Tankers
Secondhand ship prices and sales volumes scale heights
Secondhand tanker and bulker prices are at highs not seen for more than a decade, with owners scrambling for all…
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Containers
Record TPM opens as ‘difficult’ transpacific contract negotiations get underway
The fortunes of the container market will become clearer this week as close to 4,000 delegates descend on Long Beach…
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Middle East
Rubymar becomes first constructive total loss of the Red Sea shipping crisis
The , a general cargo vessel carrying a cargo of fertilizer, has become the first constructive total loss of the…
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Containers
Lidl’s Tailwind crowned fastest-growing boxline in the world
The fastest growing containerline fleet in the world in percentage terms is a brand better associated with low-cost goods on…
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Dry Cargo
Berge Bulk orders ammonia-ready newcastlemax pair in China
The leading newcastlemax builder in the world, CSSC Qingdao Beihai Shipbuilding, has bagged another order for a pair of ammonia-ready…
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Dry Cargo
Capesize FFAs hitting prolonged highs not experienced since the 2000s
Capesize rates are on a charge, leaping by more than 10% on the Baltic Exchange yesterday to stand on the…
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Ports and Logistics
Biden administration announces $3bn clean ports investment
The US Environmental Protection Agency (EPA) has announced the launch of a $3bn clean ports program to fund zero-emission port…
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Bunkering
BHP studies nuclear-powered ships
Mining giant BHP has become the latest big name to study the potential for nuclear to power ships. The Australian…
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Ports and Logistics
NYK acquires UK logistics company
Japan’s Nippon Yusen Kaisha (NYK) has bought Noel Topco, a UK-based holding company of 10 companies, including Global Freight Solutions…
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Dry Cargo
Norden orders four capes
Danish shipping giant Norden has revealed orders for four capesize newbuildings, which will deliver between 2025 and 2027. Prices and…
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Asia
Indian-classed fleet more than doubles since Putin’s full-scale invasion of Ukraine
In the two years since Russia’s full-scale invasion of Ukraine, the number of ships classified as shadow or dark has…
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Americas
Tobago oil slick spreads more than 800 km west
Heavy fuel bunker oil leaking from a mysterious 48-year-old capsized barge off the coast of Tobago has spread hundreds of…
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Europe
China, Japan and Greece in a league of their own in latest shipowning charts
Which nation has the world’s most valuable commercial fleet? Two of shipping’s best-known data providers cannot agree. VesselsValue yesterday unveiled…
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Splash Extra
You’ll be paying for all this maritime tech consolidation
We’ve been covering the consolidation within the maritime tech space closely over the past 18 months. While many have been…
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Africa
World’s fastest-growing ship register doubles in size in the space of one month
The world’s fastest growing shipping register has doubled in size in the space of just one month. Gabon, a small…
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Tankers
Grey fleet set to become darker: BRS
Luxembourg-headquartered broker BRS has warned the grey fleet is likely to become darker as more focused sanctions squeeze Russia’s export…
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Tankers
Records tumble for vintage suezmax prices
Tankers that in previous cycles would have become extinct are being pressed into action for ever longer periods with valuations…
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Operations
Urgent towage of stricken Lebanese vessel in Red Sea remains up in the air
The risks of an ecological disaster in the Red Sea are growing as negotiations get underway to safely remove the…
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Regulatory
Shipping of plastic pellets faces greater scrutiny
The International Maritime Organization (IMO) has agreed new guidance on several environmental issues following the latest meeting of the regulator’s…
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