Belgian oil tanker group CMB.TECH has signed an agreement with Mitsui O.S.K. Lines (MOL) and MOL Chemical Tankers (MOLCT) for nine ammonia-powered vessels.The vessels will be among the world's first ammonia-powered Newcastlemax bulk carriers and chemic...
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U.S. Wants Black Sea Ceasefire
A U.S. delegation will seek progress toward a Black Sea ceasefire and a broader cessation of violence in the war in Ukraine when it meets for talks with Russian officials on Monday, after discussions with diplomats from Ukraine on Sunday.The so-called ...
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Recycling Market Abuzz Over Sanctioned VLCCs
This week’s news was abuzz surrounding the two OFAC sanctioned VLCCs that recently arrived OPL Chattogram and are now stuck after undoubtedly risky transactions that have resulted in several failed onward resales, reports cash buyer GMS.Both…
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Celebrities Condemn Brittany Ferries’ Live Export Decision
Actors Dame Joanna Lumley and Pauline McLynn have joined forces with over 110 other high-profile individuals, experts and animal welfare NGOs to condemn a decision by Brittany Ferries to resume transporting livestock from Ireland to France,…
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Tidewater Orders Four Inland Barges
Tidewater Transportation and Terminals has finalized a contract with Gunderson Marine and Iron, a Portland, Oregon-based shipyard, for the construction of four new liquid refined product barges.The barges will measure 272 feet long, 42 feet wide…
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Survey Vessel Runs Aground off Italy
The geophysical survey vessel Fugro Mercator ran aground off the north coast of Elba, Italy, on March 22.The Italian coastguard arrived on site swiftly to provide support and monitor the situation. All crew, 11 people in total, were evacuated and taken...
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CGC Naushon Decommissioned
The U.S. Coast Guard decommissioned Coast Guard Cutter Naushon (WPB 1311) during a ceremony in Homer on March 21.Rear Adm. Megan Dean, the commander of Coast Guard District 17, presided over the ceremony honoring the nearly 40 years of service…
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Lack of Oversight Impacts U.S. Fishing Industry
U.S. President Donald Trump’s regulatory freeze has injected chaos and uncertainty into a number of lucrative American fisheries, raising the risk of a delayed start to the fishing season for some East Coast cod and haddock fleets and leading to overfi...
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Sanctioned Russian Tankers Will Offload Oil in Syria
Two tankers hit by U.S. sanctions are due to offload Russian Arctic Oil in Syria for the first time, days after Moscow made its first known delivery of diesel there in more than a decade, according to LSEG data, a government source and local TV.One of ...
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Baltic Exchange Index Snaps Four-Day Losing Streak
The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-session losing streak on Friday, buoyed by an uptick in rates across all vessel segments.* The main index, which factors in r...
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