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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