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Drowning in a sea of noise

Most shipping stakeholders expect Suez Canal transits to resume before the end of 2025 and for Trump tariffs to escalate, according to a Drewry survey. The last few years have seen the share prices of container shipping stocks rise and fall as steeply as the ocean waves those companies sail on. It has been a very risky and bumpy ride, but the returns have been truly astonishing. Any speculative investor who had bought and held $1,000 at the start of 2019 on the companies included in Drewry Maritime Financial Research’s ...

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Carbon cost doubles for intra-EU bunker use with tighter regulation, bullish EUA

Compliance costs for shipping companies using conventional, oil-based fuels nearly doubled under the EU Emissions Trading System in January, with Brussels tightening regulations on maritime greenhouse gas emissions amid a bull run of European carbon prices, according to Platts global bunker cost calculator(opens in a new tab). The cost for ships operating in intra-EU trades rose to $178/mt for very low sulfur fuel oil and high sulfur fuel oil consumed last month, from $90/mtVLSFOe in December, while that for marine gasoil jumped to $166/mtVLSFOe from $84/mtVLSFOe, based on calculations by ...

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AMSC ASA – Fourth Quarter 2024 Results

AMSC ASA announces results for the fourth quarter ending 31 December 2024. HIGHLIGHTS: Announced a special dividend of NOK 3.9255 per share to be classified as return of paid in capital. Announced intention to distribute Solstad Maritime shares in conjunction with a Solstad Maritime stock exchange listing. Announced intention to liquidate and delist AMSC once distribution of Solstad Maritime shares is completed. Net profit for the period of NOK 329.0 million. Expect to receive NOK 45.7 million in dividends from Solstad Maritime during Q1 2025. AMSC CEO, Pål Lothe Magnussen ...

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US sanctions strand Iran, Russia oil on tankers, driving up crude costs

The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs, trade sources and analysts said. Washington has imposed multiple rounds of sanctions on ships and entities dealing with oil from Iran and Russia since October, disrupting trade with major importers China and India. U.S. President Donald Trump last week restored his “maximum pressure” campaign on Iran that includes efforts to drive its oil exports down ...

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India’s Energy Shift – Balancing Growth & Sustainability

In 2024, India’s coal production reached a record high, driven by increased demand from utilities and a government initiative to boost domestic output. Total coal production from state-controlled entities like Coal India Limited (CIL), Singareni Collieries Company Limited (SCCL), and privately allocated mines for industrial use amounted to 1.04 billion tons, marking a 7% increase from the previous year. CIL’s production rose to 785.2 million tons in 2024, up from 756.1 million tons in 2023. In contrast, SCCL’s output slightly decreased by 4% to 67.12 million tons. Notably, production from ...

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Silicone-based hull coatings to deliver significant emissions reduction

New MERC publication highlights the growing importance of advanced hull coating systems to help reduce GHG emissions. New analysis by the Maritime Emissions Reduction Centre (MERC) has found that silicone-based hull coatings could deliver significant emissions reductions, but challenges around application and mechanical strength remain. Silicone coatings, with their very low surface energies and smooth surfaces, result in self-cleaning properties that release microfouling, preventing the development of macrofouling. The resulting reduction in drag can lead to significant fuel savings and lower greenhouse gas (GHG) emissions. While manufacturers claim potential fuel ...

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Fuel Oil Cracks retreat while spot trade remains thin

Fuel oil cracks pared strength on Wednesday after a recent rally, while spot trade remained largely thin in the week. Singapore 380-cst high sulphur fuel oil (HSFO) Brent-crack dipped towards premiums of 40 cents a barrel after hitting its recent high of over 80 cents the previous day. Meanwhile, cracks for very low sulphur fuel oil (VLSFO) held steady at premiums near $12 a barrel. Backwardation for HSFO retained support. Spot trade was largely thin, with premiums hovering above a floor amid the strength in market structure. Some factors capped ...

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ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Northwest Europe HSFO and VLSFO remain tight for prompt deliveries in the ARA hub. Lead times for both grades are 5-7 days, unchanged from last week. LSMGO availability is comparatively better, requiring lead times of 3-5 days. The ARA’s independently held fuel oil stocks have decreased by 8% so far this month compared to January, according to Insights Global data. The region has imported 282,000 b/d of fuel oil, a slight dip from 298,000 b/d imported in January, according to data from cargo tracker Vortexa. Lithuania (28% of the total) ...

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Launch of ‘BLUE ACTION NET-ZERO ALLIANCE,’ Group-wide Carbon Inset Program for Ocean Transport- Accelerating Process toward Net Zero through Co-Creation with Stakeholders

Aiming to achieve net zero emissions, Mitsui O.S.K. Lines, Ltd. yesterday announced the launch of a new program, BLUE ACTION NET-ZERO ALLIANCE. This program contributes to reducing the Scope 3 GHG emissions of actual shippers and NVOCCs (Note 1) that use ocean transport services by continually offering and enhancing low-emission marine transportation services using alternative fuels through co-creation with marine transportation-related stakeholders. In February 2024, MOL became the first shipping company in the Asia-Pacific region to issue the environmental attributes certificates (EACs) of low-emission voyages using alternative fuels (Note 2) ...

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MPC Capital expands maritime services business with energy efficiency and performance management solutions

The investment and asset manager MPC Capital has acquired a 50% stake in the performance management company BestShip GmbH & Cie. KG (“BestShip”) from Norwegian maritime group Wilhelmsen. This strategic acquisition expands MPC Capital’s maritime services and reinforces its growth in energy transition-related activities. BestShip offers holistic and data-driven assessments of vessels and entire fleets in terms of energy efficiency and emission reduction requirements and advises on the necessary conversion or retrofit measures. By leveraging advanced digital tools and AI-driven analytics, BestShip provides insights to optimize vessel performance, ensuring compliance ...

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Saverex NV Launches Its Voluntary And Conditional Public Takeover Offer For All Outstanding Shares In Exmar NV That Are Not Yet Owned By It

EXMAR NV hereby announces that today, Saverex NV launched its previously announced voluntary and conditional public takeover offer for all shares of EXMAR not yet directly or indirectly owned by the Offeror or persons affiliated with it (the “Offer”). The initial acceptance period in respect of the Offer will open on 13 February 2025 and will expire on 13 March 2025 at 4:00 pm (CET). The offer price is EUR 11.50 per share. The Board of Directors unanimously supports the Offer and recommends the shareholders to accept the Offer. The ...

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Golden Ocean Group Exercises Option for 8 Capesizes

Golden Ocean Group Limited announces that it has declared the purchase options for eight Capesize vessels under the long-term charter-in agreements with subsidiaries of SFL Corporation Ltd. The total purchase price is $112 million en-bloc, and the options have been declared in connection with the 10-year anniversary of the charter-in agreements. The acquisition will be financed through a new $90 million revolving credit facility subject to customary documentation and closing procedures, and cash on hand. It is expected that the acquisition will be completed during Q3 2025. Source: Golden Ocean

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Hefring Marine’s IMAS to enhance MSRS maritime navigation technology

Hefring Marine and MSRS Navigation have announced a strategic partnership, with MSRS set to leverage Hefring’s advanced IMAS System to drive the development of cutting-edge GPS-denied navigation solutions for the maritime industry. This collaboration brings together two leading innovators in maritime technology to address the growing global challenge of GPS jamming and spoofing in commercial and defense maritime operations. The partnership will integrate Hefring Marine’s patented maritime technology with MSRS Navigation’s proven GPS-denied navigation capabilities to create a comprehensive solution for both government and commercial maritime applications. This integration leverages ...

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New IMO CARES report urges decarbonization of domestic shipping in Africa, Caribbean

A new report has highlighted key actions to curb greenhouse gas (GHG) emissions from domestic shipping in Africa and the Caribbean. The report, developed by the IMO Coordinated Actions to Reduce Emissions from Shipping initiative (IMO CARES), underscores the critical role of domestic shipping in developing countries, while noting its significant contribution to global GHG emissions. Domestic shipping accounts for 26.2% of total shipping emissions when considering domestic voyages, and 9.2% for ships engaged exclusively in domestic operations. Key findings and recommendations To support decarbonization of the sector, the report ...

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Celebrating 25 Years of the Liebherr RTG

Since its introduction, the Liebherr RTG has become a cornerstone of the container-handling industry, renowned for its outstanding performance, exceptional reliability, and cutting-edge innovations. Over the past quarter-century, the RTG has played a key role in transforming how ports and terminals operate, cementing its place as one of the most trusted solutions for efficient container handling worldwide. Killarney (Ireland), February 2025: The Liebherr RTG’s success is built upon core features, enabled by the Liebherr designed electrical drive and control system. Clever design has always been central to the Liebherr RTG’s ...

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