News Flash

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Washington State Ferries selects ABB as propulsion single source vendor for five new hybrid ferries

Categories: News Flash

Date: Jul 22, 2024

ABB has been awarded a contract by Washington State Ferries (WSF) to serve as the Propulsion Single ...

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South Korea's Shipbuilding Boom at Risk Due to Escalating Labor Disputes

Categories: News Flash

Date: Jul 22, 2024

The shipbuilding industry is on the brink of an unprecedented boom, driven by increased orders for L...

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ESP Code updated – New survey requirements for bulk carriers and oil tankers

Categories: News Flash

Date: Jul 22, 2024

To align with the latest revision of the ESP Code (as amended by IMO Res. MSC.525(106)) and IACS Uni...

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Maritime vision of the Re-elected Commission President

Categories: News Flash

Date: Jul 22, 2024

Ursula von der Leyen has been re-elected as President of the European Commission. Her political mani...

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Shipping disruptions now affect Maersk’s global trade routes amid Red Sea crisis

Categories: News Flash

Date: Jul 22, 2024

Shipping disruptions affecting Maersk’s container shipping operations because of the Red Sea crisi...

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ABS And KRISO To Advance SMR-Powered Vessels And Floating Power Generation Platforms

Categories: News Flash

Date: Jul 20, 2024

ABS and the Korea Research Institute of Ships and Ocean Engineering (KRISO) are working together to ...

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Turkey To Send Ship To Search For Oil And Gas Off Somalia Coast

Categories: News Flash

Date: Jul 20, 2024

Turkey will send an exploration vessel off the coast of Somalia later this year to search for oil an...

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Global Centre For Maritime Decarbonisation Concludes Biofuels Supply Chain Trials

Categories: News Flash

Date: Jul 20, 2024

The Global Centre for Maritime Decarbonisation (GCMD) has successfully completed its final supply ch...

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Suez Canal Reports 23.4% Drop In Annual Revenue Due To Red Sea Crisis

Categories: News Flash

Date: Jul 20, 2024

The Egyptian Suez Canal’s annual revenue dropped by about 23.4 percent in the fiscal year 2023/202...

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Ports Of Indiana, Port of Antwerp-Bruges Sign Mou

Categories: News Flash

Date: Jul 20, 2024

According to the Ports of Indiana's release, representatives from the Ports of Indiana and Port of A...

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Four Greek Ports Receive €10 Million In CEF Funds

Categories: News Flash

Date: Jul 20, 2024

Four regional ports that are part of the HRADF portfolio secured 10-million-euro funds from the Euro...

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Asia Fuel Oil-Markets Largely Stable; India Sells More Supplies Via Tender

Categories: News Flash

Date: Jul 20, 2024

Asia's fuel oil markets changed slightly on Friday, while India sold more High-Sulphur Fuel Oil supp...

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MOL To Invest In Carnot, A Tech Startup Developing Ways To Dramatically Increase Engine Fuel Efficiency, Slash GHG Emissions

Categories: News Flash

Date: Jul 20, 2024

Mitsui O.S.K. Lines, Ltd. (MOL) President & CEO Takeshi Hashimoto announced its intent to invest...

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Drewry's World Container Index Rises 1%, Up 92% From Pre-COVID Levels

Categories: News Flash

Date: Jul 20, 2024

Drewry's World Container Index increased by 1 percent to $2,725 per 40-foot container for the week e...

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Baltic Index Posts Weekly Loss As Capesize Rates Fall

Categories: News Flash

Date: Jul 20, 2024

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodi...

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Baltic index snaps 3-day losing streak on capesize demand

Categories: News Flash

Date: Jul 19, 2024

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodi...

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Yemen's Houthi Rebels Claim Long-Range Drone Strike on Tel Aviv

Categories: News Flash

Date: Jul 19, 2024

Yemen's Houthi rebels have claimed responsibility for a drone strike that hit an apartment building ...

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U.S. Navy Destroyer Helps Rescue 31 People in Eastern Med

Categories: News Flash

Date: Jul 19, 2024

On Tuesday, the crew of a U.S. Navy destroyer helped rescue a group of 31 migrants in the Mediterran...

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Liberian Registry Appoints Passenger Ships Expert Capt. Giorgio De Sciora as New Vice President of Regulations and Standards

Categories: News Flash

Date: Jul 19, 2024

The Liberian Registry, the world’s largest ship registry, is proud to announce that Capt. Giorgio ...

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STAX Engineering Secures $40M to Bring the 3 Largest Shipping Vessel Classes into California Air Resources Board Compliance

Categories: News Flash

Date: Jul 19, 2024

STAX Engineering, a pioneer in maritime emissions capture and control, closed a $40M funding round l...

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Dual Fuel Fleet Additions Continue to Rise

Categories: News Flash

Date: Jul 19, 2024

Owners are shifting to dual fuel systems in order to achieve net-zero emissions and comply with curr...

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Bourbon, Opsealog Form Digital Partnership to Cut OSV Fleet Emissions

Categories: News Flash

Date: Jul 19, 2024

Enhanced fleet monitoring and data-driven optimization will be deployed across Bourbon’s global ma...

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CMA CGM Embarks on a Strategic Partnership with Google to Deploy AI across all Shipping, Logistics, and Media Activities

Categories: News Flash

Date: Jul 19, 2024

CMA CGM, a global leader in sea, land, air and logistics solutions, and Google announced a strategic...

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Dry Bulk Newbuild Contracting Fell 34.2%, Despite a Strong Market

Categories: News Flash

Date: Jul 19, 2024

During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite fa...

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Black Sea Suezmax Freight Tumbles Amid Weak August Demand

Categories: News Flash

Date: Jul 19, 2024

Freight rates for Suezmax voyages loading in the Caspian Pipeline Consortium and discharging in the ...

Port Of Long Beach Container Volume Up 15.3% To 835,412 Teus In June 2024

Categories: News Flash

Date: Jul 18, 2024

According to the company's release, the Port of Long Beach achieved its most active June and busiest...

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Salvage Team To Start Pumping Fuel From Grounded Vessel On South African Coast

Categories: News Flash

Date: Jul 18, 2024

Authorities said on Wednesday, according to Reuters, that a salvage team hopes to take advantage of ...

LNG Carrier Completes Arctic Voyage To China In 18 Days

Categories: News Flash

Date: Jul 18, 2024

Liquefied Natural Gas (LNG) carrier Eduard Toll completed an early-season eastbound voyage along Rus...

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Yangzijiang To Invest $412 Million In Shipyard Expansion

Categories: News Flash

Date: Jul 18, 2024

According to Seatrade Maritime, Yangzijiang Shipbuilding plans to expand its facilities, focusing on...

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Helsinki, Tallinn Ports Get €15m EU Funding

Categories: News Flash

Date: Jul 18, 2024

The Port of Helsinki announced in a press release on Tuesday that a twin-port project of the Port of...

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Russia Ships First Grain from New Baltic Terminal

Categories: News Flash

Date: Jul 18, 2024

The Russian agricultural watchdog told Reuters that Russia has shipped its first grain from a new te...

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Asia Fuel Oil-VLSFO Firms On Stronger Bids For August Cargoes

Categories: News Flash

Date: Jul 18, 2024

Spot premiums for Very Low Sulphur Fuel Oil (VLSFO) firmed in Asia on Wednesday, led by higher-price...