The new shipping route connects Jeddah Islamic Port to the ports of Jebel Ali in the UAE, Abqa in Jordan, and Sokhna in Egypt, with a capacity of 2,550 TEUs. According to MAWANI, the Jeddah Islamic Port has 62 multi-purpose berths, a logistics services area for...

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Norway has created a separate bank just to promote the shipping industry. Singapore also has a successful model. But India should follow neither, said Naveen Kolathur, Southern India Chamber of Commerce and Industry (SICCI) SCM’s co-chair, at THE WEEK Maritime...

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Dutch startup SeaO₂, specialising in innovative carbon (CO₂) removal technology from seawater, announces receiving €2+ million in new investments. Utilising its breakthrough Direct Ocean Capture (DOC) technology, which efficiently extracts CO₂ from seawater, SeaO₂...

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With reference to Company Announcement no. 30 dated 15 July 2024 where TORM plc (“TORM”) announced the acquisition of eight additional second-hand MR vessels, TORM plc has increased its share capital by 417,026 shares (corresponding to USD 4,170.26 as a...

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Freight Investor Services (FIS), a world-leading brokerage and service provider in freight and commodity derivatives, is excited to announce the launch of the second generation of its innovative FIS Live application. The FIS Live App V2 brings substantial...

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Bureau Veritas Marine & Offshore (BV), a global leader in testing, inspection, and certification, has issued a Type Approval Certificate to Cold Pad for its innovative bonded mechanical fastener, the C‑Claw S-300. This marks the first certification for this...

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