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Bunkering
World’s top bunkering hub prepares for methanol future
Singapore, the world’s top bunkering hub, is getting the infrastructure in place for shipping’s future fuel mix where methanol will…
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Environment
Norwegian liner targets 50% emission cuts by 2025
North Sea Container Line (NCL), a small Norwegian liner with five ships in its fleet, has laid out highly ambitious…
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Containers
CORE POWER details nuclear-powered feeder boxship design
UK-based marine atomic propulsion developer has unveiled a concept design for a feeder boxship. The Mikal Bøe-led firm has developed…
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Containers
Liner shipping forecast to make $43.2bn profit in 2023
A usually reliable source of container financial forecasts has made a call on 2023 fortunes for the liner industry, suggesting…
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Containers
Box scrap candidates find new trading owners
The predicted wave of boxships heading for demolition is proving to be a trickle. Ships are still making money, whatever…
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Tankers
Tanker tonne-mile picture shifts again with OPEC’s surprise cut
The ever shifting seaborne oil map has received another jolt with OPEC+’s surprise 1m barrels per day output cut. The…
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Containers
COSCO orders four 16,000 teu ships
COSCO has placed orders for four 16,000 teu ships at its affiliated yard in Yangzhou for an undisclosed price basis…
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Shipyards
Sembcorp Marine rebrands as Seatrium
Fresh from its combination with Keppel Offshore & Marine, Sembcorp Marine will rebrand to Seatrium, pursuant to shareholder approval. The…
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Ports and Logistics
APM Terminals gears up for significant expansion at Rotterdam
APM Terminals has announced a massive EUR1bn ($1.08bn) expansion of its Maasvlakte II terminal in Rotterdam. The project involves a…
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Containers
Lotus rolls out 53 ft container offering across North America
German container leasing firm Lotus Containers has extended its product line with 53 ft intermodal containers aimed at the North…
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Finance and Insurance
Insurers brace for hefty claims from sunken Philippine tanker
The International Oil Pollution Compensation Funds (IOPC Funds) and the Shipowners’ P&I Club, the liability insurer of the sunken Princess…
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Middle East
CMA CGM lodges bid to run Lebanon’s postal services
French liner CMA CGM, via subsidiary Colis Privé, is the only company to have lodged a bid to take over…
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Ports and Logistics
MSC debuts new African brand
Mediterranean Shipping Co has rebranded new acquisition Bolloré Africa Logistics. The operator, bought for $6.3bn, will now be known as…
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Environment
Newbuild VLGC to get bespoke rotor sails installed
Finnish rotor sail manufacturer Norsepower has signed a contract to install two of its sails on a brand new very…
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Bunkering
Savannah set to be testbed for green ammonia bunkering
American Bureau of Shipping, A.P. Moller – Maersk, Fleet Management, Georgia Ports Authority, Maersk Mc-Kinney Moller Center for Zero Carbon…
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Regulatory
Owners advised on new plays and pools in wake of EU carbon pricing regulations
The EU Emissions Trading Scheme and FuelEU Maritime can offer significant competitive advantage to owners and charterers that understand the…
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Regulatory
New bill in Washington takes aim at China’s influence in ocean shipping
Two of the main backers of last year’s Ocean Shipping Reform Act (OSRA) in the US have come up with…
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Ports and Logistics
A.P. Moller Capital to acquire South African frozen logistics operator
A.P. Moller Capital is buying Vector Logistics from South Africa’s RCL Foods. No price has been revealed for the acquisition.…
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Operations
Wärtsilä launches world-first radical derating solution for two-stroke engines
Engine maker Wärtsilä has introduced a new radical derating retrofit solution – Wärtsilä Fit4Power – to extend the emissions-compliant lifetime…
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Environment
Oil washes up 350 km away from where controversial Princess Empress went down in the Philippines last month
One month on from its sinking, the oil spill from the Princess Empress continues to spread, with authorities warning that…
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