The Baltic Exchange's dry bulk sea freight index posted its best day in nearly two months on Monday, boosted by stronger rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 114 point...
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MAN Upgrading Four-stroke Engines for Green Future Fuels
In continuously developing the range of services for its portfolio of four-stroke engines, MAN Energy Solutions enables its customers to exploit a multitude of synthetically manufactured, climate-neutral fuels in the operation of ships or power plants.
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KR Publishes Guidance for Container Loading on Bulk Carriers
Classification society the Korean Register (KR) has published guidance outlining the technical measures necessary to safely load and carry containers on bulk cargo ships amid the current sustained unprecedented boom in the box shipping market.With…
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U.S. Oil Drilling Review Proposes Higher Fees, Development Curbs
The Biden administration proposed a slew of changes on Friday to the nation's federal oil and gas leasing program, including hiking fees on drilling companies and limiting their access to sensitive wildlife and cultural zones.The recommendations…
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Germany Working with U.S. on Nord Stream 2 Pipeline Deal
Germany said on Sunday it was continuing to work closely with the United States on implementing a deal on the Nord Stream 2 pipeline, which runs under the Baltic Sea and carries gas from Russia to Germany.Germany's foreign ministry said it continued to...
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Shipbuilding: UECC Takes Delivery of Auto Advance, a “Dual-fuel LNG Battery Hybrid PCTC”
While many companies talk about decarbonization, United European Car Carrier (UECC) acts, as proven by its recent acceptance of the world’s first dual-fuel LNG battery hybrid PCTC, Auto Advance, delivered from China’s Jiangnan Shipyard and Maritime…
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UN Shipping Talks Fail to Speed Up Faster Carbon Exit
Further shipping talks are scheduled for next year after delegates at a U.N. agency meeting that sought to speed up decarbonization of the sector failed to make progress, officials said on Friday.The sector, which transports about 90% of world…
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U.S. Interior Department Set to Release Federal Oil Leasing Review
The U.S. Interior Department will release a long-awaited report reviewing the environmental costs and economic benefits of the nation's federal oil and gas leasing program as early as Friday, two sources familiar with the matter told Reuters.President…
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Stolt Tankers Appoints Schroeder as Managing Director
Stolt Tankers announced on Friday that is has appointed Maren Schroeder as Managing Director, Stolt Tankers Shipowning (STSO), with effect from April 1, 2022. Schroeder joined Stolt Tankers in 2019 as Fleet Director and will succeed Mark Martecchini wh...
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Hareide Named Norway’s Director General of Navigation and Shipping
Knut Arild Hareide has been appointed by the King in the Council of State as Director General of Navigation and Shipping for the Norwegian Maritime Authority for a period of six years. Hareide will take up the role on January 1, 2022."We are…
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