Classification society Korean Register (KR) has launched the 'KR PSC ADVISER' mobile app to help customers prepare for Port State Control (PSC) inspections. The new service is designed to reduce the risk of PSC detentions by providing the latest…
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Ukraine Sees Speeding Up Inspections as Key to Black Sea Grain Deal
Ukraine's efforts to increase exports under the Black Sea grain deal with Russia are currently focused on securing faster inspections of ships rather than including more ports in the initiative, a senior Ukrainian official said on Wednesday.Ukraine is ...
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Putin Sends Frigate Armed with Hypersonic Missiles to Atlantic Ocean
President Vladimir Putin sent a frigate to the Atlantic Ocean armed with new generation hypersonic cruise missiles on Wednesday, a signal to the West that Russia will not back down over the war in Ukraine.Russia, China, and the United States are in a r...
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Baltic Index Hits Over 1-month Low as Vessel Demand Falters
The Baltic Exchange's dry bulk sea freight index extended its decline to hit an over one-month low on Wednesday, weighed by weaker demand across vessel segments. The overall index, which factors in rates for capesize, panamax, and supramax shipping ves...
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Future Fuels: 275 Altenative Fuel Ships Ordered in 2022
The total number of ships with alternative fuels ordered in 2022 was 275 (excluding battery operated vessels), according to numbers released today from DNV viat its Alternative Fuels Insight report.In addition, more than 50 LPG carriers have been orde...
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States Joins Blue Sky Maritime Coalition as VP/CSO
The Blue Sky Maritime Coalition (BSMC) appointed Jennifer States, a renewable energy and clean technology leader, to serve as Vice President and Chief Strategy Officer. States brings 20 years of industry experience in renewable energy and clean technol...
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China Shipowners’ Association Joins ICS
The International Chamber of Shipping (ICS) welcomed the China Shipowners’ Association (CSA) as a Full Member from January 1, 2023. The CSA will join the ICS Board, which oversees the policy positions ICS presents on behalf of shipowners’ worldwide wit...
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Chinese Export Container Rates Plunge 27%
The bad news for liner operators appears to have no end. In a normal year, the weeks leading up to Chinese New Year (CNY) bring an increase in volumes and freight rates. So far, however, the lead-up to CNY in 2023 has been the worst in 13 years.
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Baltic Index Sees Worst Day on Record as Vessel Demand Wanes
The Baltic Exchange's dry bulk sea freight index on Tuesday posted its worst decline on record, pressured by waning rates across vessel segments due to weak demand from China amid surging COVID-19 cases.The overall index, which factors in rates for cap...
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Stolt Tankers’ Schroeder Named Director at ITOPF
Stolt Tankers’ Managing Director, Maren Schroeder has joined the board of ITOPF Limited, a not-for-profit organization specializing in preparedness for and response to accidental marine spills.“I am pleased to be able to contribute to this very importa...
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