South Korea’s share of global new ship orders is expected to fall below 20% this year, the lowest since the industry’s downturn 2016, but its shipbuilders are projected to maintain a competitive edge in high-value vessels like LNG carriers. Experts predict that Korean...

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Two Somali fishermen wearing big scarves over their heads to hide their faces glance around furtively as they walk into the room for a secret meeting to tell me why they have recently decided to become gun-wielding pirates – in search of million-dollar ransoms. “You...

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Australia has raised its projected metallurgical coal exports for the fiscal year 2024-25 (July-June) by 1.2% to 163 million mt, from 161 million mt estimated in September, data released Dec. 20 by the Department of Industry, Science and Resources showed. “A reduced...

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Spot premiums for fuel oil inched higher in Asia on Monday, supported by stronger bids, though refining margins were rangebound from last week as ample inventories capped strength. Singapore cash premium for 380-cst high sulphur fuel oil (HSFO) traded at $5 a metric...

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International requirements on greenhouse gas (GHG) emissions are currently high in focus of Port State Control (PSC). The EIAPP certification of engines and the maintenance of records have resulted in several PSC detentions. DNV provides guidance on key PSC topics in...

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