28 OCT 2023 The container shipping segment could be beginning a much longer and more challenging period according to a new analysis from Sea-Intelligence. The Danish analytics firm issued a forecast this week highlighting that the container segment’s current level of overcapacity could take a minimum of four years to …
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27 OCT 2023 German authorities are leading a search and rescue mission in the North Sea after two cargo ships collided off the coast of Germany this morning. Two crewmembers from the UK-registered cargo ship Verity were rescued and the body of the third was recovered, while four others are still missing …
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26 OCT 2023 Last week, Finnish investigators confirmed that they were looking at the movements of a Russian icebreaker and a Chinese boxship in connection with serious “mechanical damage” to a gas pipeline under the Baltic. On Tuesday, they announced that a broken anchor was found near the pipeline – and the …
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25 OCT 2023 China’s Belt and Road Initiative, which is celebrating its 10th anniversary this week, has now advanced more than US$330 billion, which is about 80% of the lending of the World Bank over that period. The BRI mainly lends to infrastructure projects, while the World Bank increasingly focuses …
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24 OCT 2023 Berge Bulk, a leading dry bulk ship owner, has announced the launch of a newcastlemax bulk carrier retrofitted with four WindWings, a technology that uses wind power to reduce fuel consumption and emissions. The M/V Berg Olympus, fitted with four BARTech WindWings by Yara Marine Technologies, will navigate between …
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23 OCT 2023 Over 100 nautical miles off the coast of China in the Yellow Sea, a huge octagonal structure rests in the water. This is no new-look oil rig. It’s Deep Blue 1, China’s first offshore aquaculture base for farming salmon. At its corners, the yellow octagon has steel columns extending …
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22 OCT 2023 Veson Nautical, a leader in maritime freight management solutions, recently held ONCOURSE 2023, its maritime technology conference, in the lively city of Athens, Greece. This event celebrated Veson’s two decades of dedication to developing, implementing, and supporting solutions that drive the maritime industry, encompassing marine contract management, …
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21 OCT 2023 With maritime shipping responsible for a substantial 90 percent of global trade by volume and contributing to approximately three percent of the world’s carbon emissions, the need for decarbonization is paramount. Amidst the mounting public and private sector pressure for the industry to reduce its carbon footprint and transition …
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20 OCT 2023 Firefighters and salvors have brought a large cargo fire under control aboard a bulker at the port of Cape Town. On Saturday, a fire broke out in a cargo of eucalyptus paper bales in the forward hold of the wood chip carrier Batavia Express. The Cape Town fire department …
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19 OCT 2023 What do British Prime Minister Rishi Sunak and singer Bruce Springsteen have in common? They’re among an ever-growing group of public figures touting the benefits of eating just one meal a day. As a result, the one meal a day (OMAD) diet is the latest attention-grabbing weight loss trend. Advocates claim …
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