News Flash

Port of Oakland receives $3 million grant to tackle sea level rise

The California Department of Transportation (Caltrans) awarded the Port of Oakland and the City of Oakland $3 million for a...
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Quad foreign ministers meet in Tokyo for talks on maritime security, cyber

Foreign ministers from Australia, India, Japan and the United States  a grouping known as the “Quad” — met in Tokyo...
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Hanwha Ocean operating loss narrows in Q2 on increased demand

Hanwha Ocean Co., a major defense and shipbuilding company, said Friday its operating loss narrowed sharply in the second quarter...
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Oil Spill Spreads as Second Tanker Sinks in Manila Bay

A second tanker has gone down off the coast of the Bataan Peninsula, threatening even more pollution in the Manila...
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Asia spot prices slip as Freeport LNG loadings resume, Japan stocks rise

Asian spot Liquefied Natural Gas (LNG) prices eased this week, amid a resumption of loading at Freeport LNG in the...
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Haropa Port: An Upward-Trending First Half For Maritime Traffic

As of the end of June 2024, HAROPA PORT’s maritime traffic stood at a total of 41.95 million tonnes (Mt),...
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Liquefied Gas Cargo Containment Innovations from Jiangnan Shipyard Receive ABS AIPs

ABS awarded approval in principle (AIP) to two new developments from Jiangnan Shipyard: a new insulation system and a modern...
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China’s Iranian crude imports find new market in northeast

Imports of Iranian crude have been flowing into the port and refining city of Dalian since late last year, tanker...
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Three Russian LNG tankers are being repaired in Europe and China, LSEG data shows

Three Russian LNG tankers are being repaired in Europe and China at a time when Russia faces a shortage of...
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ClassNK releases Guidelines for Cyber resilience of ships

ClassNK has released "Guidelines for Cyber resilience of on-board systems and equipment". The guidelines expound new IACS Unified Requirements (UR)....
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China’s Run Of Robust Thermal Coal Imports May Ease

One of the standout commodity stories so far this year has been China's demand for thermal coal, with the world's...
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Americas Fuel Availability Outlook By ENGINE

Bunker demand has been strong this week in Houston and several other ports along the US Gulf Coast. Availability of...
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Florida County May Consider Buying And Sinking SS United States

After a court order to vacate its longtime berth in Philadelphia, the storied ocean liner SS United States is in...
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Finnish Border Guard Escorts Russian Vessel Away During Brief Incursion

Finland’s Ministry of Defense is reporting what it terms a suspected territorial waters violation in the eastern Gulf of Finland...
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ABS Approves VIRSEC Maritime English Tests, Setting New Standard

In response to the growing number of maritime accidents attributed to communication errors, VIRSEC, an award-winning e-learning company based in...
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Iran Releases Oil Carried By Tanker St Nikolas, Cargo Owner Says

Iran has released the oil cargo of a Greek-owned, Marshall-Islands-flagged tanker it seized in the Gulf of Oman earlier this...
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Vietnam Ports Gain From Congestion In Trade Routes

Seaport congestion in Singapore is affecting the global supply chain, forcing many shipping lines to open new routes to other...
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US Crude Exports To Northwest Europe Near Record High In July

Crude and condensate exports from the US to Northwest Europe are on track to hit a record high in July,...
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Asia Fuel Oil-VLSFO Firms; Bunker Premiums Receive Boost After More Than Four Months

Asia's market for Very Low Sulphur Fuel Oil (VLSFO) logged a weekly climb, while downstream bunker premiums received an uplift after...
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Baltic Index Falls For Sixth Straight Session On Softer Capesize Rates

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended its losing streak...
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