News Flash

Seapath Launches Jones Act Leasing Business with $25 Million in Initial Transactions

Seapath, one of Libra Group’s maritime subsidiaries dedicated to advancing critical maritime infrastructure, announced the launch of a Jones Act...
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Panama Canal Announces Increase in Daily Slots at Panamax Locks

In response to the present and projected level of Gatun Lake, the Panama Canal Authority (ACP) announced Today through Advisory...
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Asia Fuel Oil-Margins dip sightly; Kuwait offers HSFO supplies

Refining margins for fuel oil weakened slightly in Asia on Thursday, while Kuwait offered high sulphur fuel oil (HSFO) for...
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Hapag-Lloyd publishes the 2023 annual report and announces the forecast for the current financial year

Hapag-Lloyd yesterday published its annual report for 2023. As expected, a significant decrease in earnings was recorded. According to the...
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NIBC’s Shipping business shows robust 2023 performance amid a dynamic international economic environment

The size of the NIBC Shipping portfolio decreased slightly to EUR 955 million (compared to EUR 1,115 million in 2022)....
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LNG-fueled Car Carrier CERULEAN ACE Delivered MOL Moves Steadily toward Goal of 90 LNG/Methanol-fueled Vessels by 2030

Mitsui O.S.K. Lines, Ltd. announced that on March 13, the LNG-fueled car carrier CERULEAN ACE, was delivered at the Onishi...
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IAPH publishes an easy-to-use guide to discussions underway at the IMO on the reduction of Greenhouse Gas emissions from ships

Currently, IAPH is attending the 16th meeting of the IMO’s Intersessional Working Group on the reduction of GHG emissions from...
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Green methanol agreement could see Townsville join global green shipping network

Townsville stands to become a global leader in the production, export and supply of green methanol, following the signing of...
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Container rates drop to unsustainable levels, Maersk CEO says

The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to...
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Baltic index slips as capesize losses outweigh panamax gains

The Baltic Exchange’s main sea freight index declined on Thursday, as a fall in capesize rates overshadowed gains in the...
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New study by GTT, Lloyd’s Register and Shell concludes that predictive technology could extend tank inspection intervals on LNG carriers

A study led by GTT Group, Lloyd’s Register and Shell International Trading and Shipping Company Limited concludes that inspection intervals...
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The Port of València receives authorisation from the Government to put out to tender the construction of an electrical substation for 14.5 million

The Council of Ministers, at its meeting today and at the proposal of the Ministry of Transport and Sustainable Mobility,...
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Flyability Announce UT Probe Payload for the Elios 3 in Partnership with Cygnus – Marking Industry Milestone

Flyability, the market leader in confined space drones, announced today a new ultrasonic thickness measurement (UTM) payload for its flagship...
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OPEC expects share of Indian oil imports to rise again

OPEC is set to win a bigger share of India’s oil imports in coming decades due to the proximity of...
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Russia oil fleet shifts away from Liberia, Marshall Island flags amid US sanctions crackdown

Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks...
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Baltic index extends losses on weaker capesize rates

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, declined for asecond consecutive...
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Strategic Partnership Announcement Between GMCG and CHM Global

GMCG, a frontrunner in engineering and consultancy, alongside CHM Global, known for its excellence in marine turnkey solutions and operations,...
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Ships and ports will be crucial in achieving EU climate goal

The Commission estimates that 280 million tons of CO2 will need to be captured to meet the ambitious 90 %...
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Celebrating Operational Excellence: 90POE Welcomes Navilands Group

Maritime technology company Ninety Percent of Everything Ltd. (90POE), have today announced that Navilands Group, a new, highly experienced, and...
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Globalia Logistics Network launches a new web app to promote easy communication among its members

Globalia Logistics Network, an exclusive network of more than 215 reliable freight forwarders worldwide, creates a new web app designed...
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