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China aims to build more than half the world’s cleaner-fuel ships by 2025

China has set itself the goal of producing more than half of the world’s shipspowered by cleaner fuels by 2025,...
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Red Sea Crisis Could Further Limit Ship Recycling Activity

The rise in freight rates, as a result of the crisis in the Red Sea, is expected to incentivize owners...
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Bulk carrier hits mine in Black Sea, two people injured, Ukraine says

A Panama-flagged bulk carrier that was headed to a River Danube port to load grain hit a Russian mine in...
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Clean-up begins after Maersk loses shipping containers in North Sea

Debris has washed up on beaches along Denmark’s North Sea shoreline after a Maersk container ship lost boxes overboard during...
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Shipbuilding Activity Focuses Eastwards

Asian owners have been more active in the newbuilding market during the Festive period. In its latest weekly report, shipbroker...
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Techano: Awarded offshore crane contract

Nekkar’s subsidiary Techano Oceanlift has been awarded a contract by Sefine Shipyard to deliver an offshore crane to a newbuild...
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Attack on a ship off India’s west coast can raise war risk premiums as security tightens

India has deployed missile destroyers in the Arabian Sea following the drone attack on a chemicals tanker off its west...
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Fuel Cells Are Here To Decarbonise 15% Of The Global Fleet, Now

Fuel cells are ready to take on the heavy lifting of decarbonisation. There is a new generation of marinised, powerful,...
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Asia LNG prices hit 4-month low despite supply, geopolitical concerns

Asian spot liquefied natural gas (LNG) prices hit their lowest level in over four months this week on strong inventories...
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Dalian iron ore extends rally on positive state bank developments

Dalian iron ore futures rose for the fourth straight session and recorded their best day in two months on Friday,...
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Higher Shipping Freight Rates to Offset Costs of Re-Routing from Suez

Re-routing ships around Africa and away from the Suez Canal following attacks on commercial vessels in the Red Sea adds...
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Global retailers, goods facing disruption risks from Red Sea attacks

Global retailers selling apparel, household staples and white goods face bigger risks from disruptions in freight movement through the key...
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Panama Canal has seen no traffic increase amid attacks in Red Sea

The Panama Canal Authority said on Thursday it has not seen a notable traffic increase due to thesituation in the...
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Hapag-Lloyd announces extra fees as Red Sea attacks hit trade

Germany’s Hapag-Lloyd joined rivals on Friday in announcing surcharges for cargo it transports to and from the Middle East, following...
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Asia Fuel Oil-Spot premiums dip; Kuwait sells HSFO from Al Zour

Spot fuel oil premiums eased slightly on Friday, while Kuwait’s KPC recently sold high sulphur fuel oil (HSFO) from its...
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US Gulf Coast LNG freight rates sink to multi-month lows

LNG freight rates out of the US Gulf Coast have fallen to their lowest levels since August as a lack...
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Maersk imposes container surcharge due to diversion from Red Sea

Denmark’s Maersk MAERSKb.CO will impose extra charges on container transport from Asia following its decision to re-route ships away from...
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Logothetis leads new funding for SulNOx

Constantine Logothetis has once again led further investment in UK-listed fuel additives group SulNOx, with second largest investor, Nistadgruppen AS...
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Baltic index falls for third week on weaker rates across segments

The Baltic Exchange’s dry bulk sea freight index edged up on Friday but declined for the third consecutive week as...
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How could Red Sea attacks affect oil and gas shipping?

Several shipping companies and a few liquefied (LNG) tankers have decided to avoid the world’s main East-West trade route, following...
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