The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China's growing domination of the global shipbuilding, maritime and logistics sectors.USTR…
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Baltic Sea Subsea Damage may have Occurred in January
Finland's telecoms operator said the damage reported last week to its C-Lion1 telecoms cable in the Baltic Sea may have occurred as early as January 26, the same day a cargo ship broke another undersea cable in the area.Swedish and Finnish police…
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Tanker Vessel Blasts Likely from Limpet Mines
Mines attached to the hulls of ships and set off with timers likely caused blasts that have damaged two crude oil tankers in the Mediterranean Sea since January, three sources close to the investigation said on Monday.At least five vessels have been da...
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Iran’s “Shadow” Vessel Fleet Hit with Fresh Sanctions
The United States imposed a fresh round of sanctions targeting Iran's oil industry on Monday, hitting more than 30 brokers, tanker operators, and shipping companies for their role in selling and transporting Iranian petroleum, the Treasury Department s...
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Mintra Acquires Moxie Media
Mintra, a provider of digital learning and workforce management solutions for the maritime and energy industries, acquired Moxie Media, a U.S.-based specialist in training content and media production for safety-critical sectors. This s enhances…
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Wood Mackenzie Projects $73/Barrel in ’25
According to its latest market outlook, Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel (bbl) in 2025. The forecast considers geopolitical and economic factors, including potential peace talks between Russia and the U...
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Freight Rates Frustrate Recyclers
A recent and ongoing uptick in freight rates across many sectors (especially dry, as wet rates have been performing far admirably in comparison) has resumed depriving global ship recycling markets of tonnage over the last couple of weeks, reports…
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Hundreds Arrested Over Illegal Wildlife and Forestry Trade
Nearly 20,000 live animals, all endangered or protected species, have been seized in a global operation against wildlife and forestry trafficking networks, jointly coordinated by INTERPOL and the World Customs Organization (WCO).Operation Thunder…
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Incorrect Valve Led to Deadly Engine Room Fire
The installation of an incorrect valve in a pipe to a diesel oil tank led to a fatal fire aboard a cargo vessel docked in LaPorte, Texas, an National Transportation Safety Board shows.On Jan. 8, 2024, a fire broke out in the engine room aboard the carg...
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Bahrain: ASRY and Noatum Maritime Form JV
ASRY has formed a joint venture (JV) with Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, offering a diversified portfolio of maritime solutions for the provision of marine services in Bahrain.The collaboration aims to…
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