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Potential USTR port fees of c.$1 mil per voyage for non-US built car carriers entering the US targeting c.95% of the global fleet from mid-October, combined with this week’s signals from Washington suggesting a sooner-than-expected reopening of the Red Sea…
https://www.marinelink.com/news/ustr-port-fees-contrasted-supply-growth-525560
https://www.marinelink.com/news/ustr-port-fees-contrasted-supply-growth-525560A study led by the UK’s National Oceanography Centre (NOC) has found that natural hazards account for around a quarter of all recorded instances of subsea cable damage between 1965 and 2019, posing a threat to the growing infrastructure underpinning…
https://www.marinelink.com/news/noc-natural-disasters-responsible-subsea-525562
https://www.marinelink.com/news/noc-natural-disasters-responsible-subsea-525562India’s state-run Steel Authority of India Ltd plans to import a trial cargo of coking coal from Mongolia this month and may transport the sample by air to speed up testing, two sources familiar with the matter said. The move is part of SAIL’s efforts to diversify its coking coal sources beyond Australia – a ...
https://www.hellenicshippingnews.com/indias-sail-to-import-trial-coking-coal-cargo-from-mongolia-maybe-by-air/Danish fund manager Copenhagen Infrastructure Partners (CIP) has agreed to divest a 10% stake in the 495MW Fengmiao I offshore wind farm in Taiwan to Japanese shipowner Mitsui OSK Lines (MOL). Through this acquisition, MOL enters Fengmiao I as co-owner alongside CIP’s fifth flagship fund, CI V. Fengmiao I is CIP’s third offshore wind project …
https://splash247.com/mol-buys-stake-in-taiwanese-offshore-wind-farm/
https://splash247.com/mol-buys-stake-in-taiwanese-offshore-wind-farm/Brazilian state-owned giant Petrobras has revealed it will decommission almost 70 offshore platforms and FPSOs, three of which it has already decided to repurpose. Petrobras said that it is planning on decommissioning 68 platforms, two this year and a total of ten by 2029. The remaining 58 will be removed after that. This is according …
https://splash247.com/petrobras-plans-to-decommission-68-platforms-and-reuse-three-fpsos/
https://splash247.com/petrobras-plans-to-decommission-68-platforms-and-reuse-three-fpsos/Filipino seafarers represent the largest global crew contingent but are we doing enough to support them for tomorrow’s shipping industry, asks Mailyn Borillo, managing director, OSM Thome Philippines. Filipino seafarers remain an essential pillar of global maritime operations. Representing more than a quarter of the world’s maritime workforce, they are known for their resilience, loyalty, …
https://splash247.com/empowering-filipino-seafarers-for-a-sustainable-global-maritime-future/
https://splash247.com/empowering-filipino-seafarers-for-a-sustainable-global-maritime-future/The Donkey Sanctuary, a British charity, has hailed Swire Shipping as the first global shipping line to commit publicly to a no donkey skins carriage policy. At least 5.9m donkeys are slaughtered for their skins every year. The collagen from their skin produces ejiao, a traditional Chinese medicine. China’s domestic donkey population has collapsed, so, …
https://splash247.com/swire-takes-a-stand-against-the-shipping-of-donkey-skins/
https://splash247.com/swire-takes-a-stand-against-the-shipping-of-donkey-skins/Okeanis Eco Tankers is pulling its three youngest VLCC vessels out of Chinese leases. The New York and Oslo-listed Alafouzos family vehicle, with a fleet of six suezmaxes and eight VLCCs, has declared purchase options on the 2020-built Nissos Anafi and the 2022-built Nissos Kea and Nissos Nikouria. All three ships are under sale and …
https://splash247.com/okeanis-eco-tankers-takes-vlccs-out-of-chinese-leases/
https://splash247.com/okeanis-eco-tankers-takes-vlccs-out-of-chinese-leases/The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated the teapot refinery Hebei Xinhai Chemical Group and three port terminal operators in Shandong Province for their role in purchasing or facilitating the delivery of hundreds of millions of dollars’ worth of Iranian oil. OFAC has also imposed sanctions on several companies, …
https://splash247.com/washington-unveils-another-package-of-sanctions-aimed-at-irans-oil-shipments/
https://splash247.com/washington-unveils-another-package-of-sanctions-aimed-at-irans-oil-shipments/The master of the Newnew Polar Bear, a Hong Kong-flagged boxship, has been taken into custody in Hong Kong for damaging a gas pipeline in the Baltic Sea 19 months ago. Wan Wenguo, 43, appeared at a court in Hong Kong yesterday to face a charge of criminal damage and two additional charges for breaching …