VesselBot has highlighted the significant financial exposure for major container shipping lines under the Office of the United States Trade Representative (USTR) proposed Section 301 service fees targeting China's maritime sector.USTR is proposing…
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DOD Officials Visits Eastern Shipbuilding
Eastern Shipbuilding Group (ESG) has welcomed (Acting) Assistant Secretary of the Navy for Research, Development, and Acquisition (ASN RDA) Dr. Brett Seidle, Rear Admiral Tom Anderson, Program Executive Officer for Ships (PEO Ships), and several…
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Container Ship Over-Supply Looming
Capacity and its deployment dominate the outlook for shippers this year as they digest the impact of tariffs, the potential rebound in Red Sea traffic and the introduction of the new alliance Gemini, according to global consulting firm AlixPartners’ 20...
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Asia’s Oil Imports Drop 3%
Asia's crude oil imports are off to a weak start in 2025, as top importer China continues to buy less and new sanctions put the brakes on cargoes from the continent's top supplier Russia.Asia's imports for the first two months of the year are on track ...
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Russian LNG Pair Halts Exports as Sanctions Kick In
Small-scale Russian producers of liquefied natural gas (LNG) located on the shores of the Baltic Sea, Portovaya LNG and Kryogaz-Vysotsk, have suspended LNG supplies, LSEG ship-tracking data showed on Thursday, as U.S. sanctions kick in.Washington…
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New Oil Export Pact for Venezuela Could be in the Works – sources
The cancellation of a license for Chevron to operate in Venezuela could lead to the negotiation of a fresh agreement between the U.S. producer and state company PDVSA to export crude to destinations other than the United States, sources close to the ta...
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Louis Dreyfus Armateurs Starts Talks for Majority Stake Sale to Private Equity Firm
Louis Dreyfus Armateurs (LDA) and InfraVia, a private equity company in Europe, have entered into exclusive negotiations for InfraVia to acquire a majority stake in LDA, a group specializing in high value-added industrial marine services.LDA currently ...
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DFDS Secures Freight Ferries Services Contract with Danish Defence
Danish international shipping and logistics company DFDS has entered an agreement with the Danish Defence to provide freight ferries for transport of military equipment.The partnership will support on military operations and missions. The contract…
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First Steel Cut for North Star’s Hybrid-Electric SOV for EnBW
North Star and its shipbuilding partner Cochin Shipyard have cut first steel on EnBW’s new hybrid-electric service operations vessel (SOV), which is on decade-long minimum charter to service the He Dreiht wind farm off the coast of Germany from…
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WinGD Getting Ready to Deliver ‘Biggest’ Methanol-Fueled Engine Built to Date
Swiss marine power company WinGD’s first methanol-fueled engine is to be delivered to shipyard after passing factory and type approval tests, ahead of installation in 16,000 TEU container ship.The ten-cylinder, 92 bore X-DF-M engine is said…
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