Sailing cargo ships are making a genuine comeback.Japanese bulk carrier MOL is operating a wind-assisted ship. American food giant Cargill is working with Olympic sailor Ben Ainslie to deploy WindWings on its routes. Swedish shipping company…
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Asia Demand to Drive Cheniere’s LNG Shipments this Year
Cheniere Energy expects to ship more liquefied natural gas (LNG) to Asia this year, after European customers took the lion's share of its 2022 cargoes, an official said on Monday.The top U.S. exporter of LNG shipped a total of 638 cargoes last year…
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Russia Begins Diesel Exports to Saudi Arabia
Russia began diesel exports to Saudi Arabia in February as it seeks to contend with an EU embargo on Russian supplies, traders said and Refinitiv data shows.A full EU embargo on Russian oil products started on Feb.
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Ports of Indiana Invests to Expand Following 6% Cargo Growth in 2022
Ports of Indiana announced more than $20 million in expansion and maintenance projects have been approved following several years of cargo growth.Ports of Indiana, which includes Jeffersonville, Burns Harbor and Mount Vernon, handled 11.9 million tons ...
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PPG Unveils New Power-saving Marine Coating
PPG announced the launch of PPG SIGMAGLIDE 2390, a new marine coating it says helps shipowners lower power consumption and carbon emissions and meet demands for higher performance with no adverse impact on the marine environment.The biocide…
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Amogy Reveals Details for Ammonia-powered Tug Conversion
Ammonia power solutions company Amogy on Monday said it plans to unveil a first-of-its-kind ammonia-powered, zero-emission tugboat in late 2023.The Brooklyn, N.Y-based company revealed during CERAWeek 2023 that it is retrofitting a 1-megawatt…
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Baltic Dry Index Hits Over 10-week High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest level since late December on Monday, supported by stronger rates across capesize and panamax segments.The overall index…
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Dassault Systèmes to help IRS Drive Digital Transformation
Indian Register of Shipping (IRS) entered into a collaboration with Dassault Systèmes to leverage virtual twin technology for driving its digital transformation and boosting operational efficiency.The collaboration involves the use of Dassault…
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Philippines to Deploy Subsea ROV to Pinpoint Location of Stricken Tanker
Philippine authorities believe they have found the location of a tanker that sank off a central province last week, the environment ministry said on Monday, amid a race to assess the extent of an oil spill and contain further environmental damage.The t...
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Drug Bust Nets $677 Million of Cocaine from Vessel Off Australia
A joint U.S. and Australian law enforcement operation busted an international drug ring after intercepting 2.4 tonnes of cocaine aboard a vessel off the coast of South America that had been bound for Australia.The cocaine, linked to a Mexican drug cart...
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