The Biden administration on Saturday unveiled final rules aimed at cracking down on US oil and gas industry releases of methane, part of a global plan to rein in emissions that contribute to climate change.The rules, two years in the making…
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AD Ports Group and Vietnam Maritime Administration Sign MoU
AD Ports Group and the Vietnam Maritime Administration (VINAMARINE), have signed a memorandum of understanding (MoU) to bolster commercial opportunities across various sectors, including ports, logistics, digital solutions, economic cities, free zones…
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Suez Canal Signs Green Methanol MoU
Egypt's Suez Canal economic zone and Scatec ASA have signed a memorandum of understanding (MoU) worth $1.1 billion to supply ships with green fuel, a Suez Canal statement said on Sunday.The MoU agreed on the sidelines of the COP28 conference held in Du...
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Houthis Attack Commercial Ships, US Warship in the Red Sea
The Pentagon said it was aware of reports regarding attacks on an American warship and commercial vessels in the Red Sea on Sunday, as Yemen's Houthi group claimed drone and missile attacks on two Israeli vessels in the area."We're aware of…
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Gensets: New Fuels but Perennial Goals
Fuel flexibility may be a key driver for recent developments in gensets, but the perennial goals of lowering CapEx and OpEx remain.Fuel flexibility is one of the pillars of decarbonization that is being embraced by genset OEMs. Fuel efficiency…
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JIP to Advance Offshore Wind Concrete Floater Standards
DNV secured partners to launch a new project to enhance technology development and prepare for scale/industrialization of concrete substructures for floating offshore wind.The new Joint Industry Project (JIP) called Concrete FLOW will optimize…
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Banga Takes Hong Kong Shipowners Association Helm
Angad Banga of the Caravel Group was elected as new Chairman of the Hong Kong Shipowners Association (HKSOA). He succeeded Wellington Koo, of Valles Steamship Co., Ltd, who stepped down after completing his two-year term as Chairman of the HKSOA.Banga…...
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Hahn & Co weighs sale of South Korea’s SK Shipping
South Korean private equity firm Hahn & Co is reviewing strategic options for its majority stake in SK Shipping Co, including a sale that could value the company at about $10 billion including debt, Bloomberg News reported on Thursday.Hahn & Co is work...
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Russia Fails to Get Re-elected to the IMO
Russia on Friday failed to win enough votes for re-election to the United Nation's shipping agency's governing council after Ukrainian President Volodymyr Zelenskiy had urged countries not to allow Moscow to be part of the UN body's executive…
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Philippine President Skips COP28, Focuses on Seafarers
Philippine President Ferdinand R. Marcos Jr. has skipped COP28 in Dubai to personally address “important developments” in the hostage situation involving 17 Filipino seafarers.He is convening a meeting to facilitate the dispatch of a high-level delegat...
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