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Carrier profits collapse amid market tensions

From www.seatrade-maritime.com

Financial outlook for carriers is “grim” says consultant as returns head into negative territory and fundamentals combine to compound market challenges.

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Venezuela oil exports rise sharply in January under US control, data shows

From www.reuters.com

Venezuelan oil exports rose to some 800,000 barrels per day (bpd) in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most exports, shipping data showed.

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BAR Technologies Welcomes IMO Move to Close Wind Propulsion Regulatory Gaps

From shipandbunker.com

The IMO sub-committee agreed last month to develop interim safety guidelines for wind propulsion systems.
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Twogee Biotech secures more than €2 million in seed funding to transform the chemical industry 

From www.chemeurope.com

Twogee Biotech, a Munich-based biotechnology startup specializing in tailor-made enzyme solutions for the industrial conversion of biomass into sustainable raw materials, has successfully closed

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HACE joins ZESTAs to strengthen zero-emissions energy supply for shipping

From www.engineeringnews.co.za

The Zero Emissions Ship Technology Association (ZESTAs) is honoured to welcome Hydro Air Concept Energie (HACE), reinforcing the deployment of Absolute Zero emissions shipping ecosystems. 

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GCMD and CIMAC form Coalition partnership to advance ecosystem readiness for alternative fuels

From gcformd.org

PRESS RELEASE   Singapore, 3 February – The Global Centre for Maritime Decarbonisation (GCMD) and CIMAC have signed a two-year Coalition partnership agreement to strengthen the maritime sector’s preparedness for alternative fuel deployment. 

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Bureau Veritas and Wärtsilä Launch Joint Development Project to Optimize LNG Carrier Efficiency through Hybrid-Electric Innovation

From marine-offshore.bureauveritas.com

Bureau Veritas Marine & Offshore (BV) and Wärtsilä announced at LNG2026 a collaboration to advance a joint development project leveraging the industry-leading ship energy modeling tool, BV's ship energy efficiency calculation analysis tool "SEECAT". 

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Goodwood Ship Management deploys Starlink

From smartmaritimenetwork.com

Goodwood Ship Management, a vessel management firm based in Singapore, has implemented Starlink satellite connectivity across its fleet through a partnership with Navarino. 

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Donerail in talks to acquire MarineMax in all-cash deal worth $1bn

From marineindustrynews.co.uk

US hedge fund Donerail Group has reportedly offered to buy MarineMax for $35 per share in an all-cash deal. 

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Virgin Voyages adopts 's  real-time environmental reporting tool 

From www.napa.fi

Virgin Voyages has adopted the NAPA Fleet Intelligence Environmental module to strengthen reporting, KPI tracking & compliance capabilities. 

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Turkey Responds as Ship Damaged in Black Sea Attack is Now Aground

From maritime-executive.com

A cargo ship damaged nearly two weeks ago in a reported attack in the Black Sea has now gone aground in a storm in the Bosphorus region of Turkey.

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CK Hutchison launches arbitration after Panama court voids port concessions

From splash247.com

Hong Kong’s CK Hutchison has launched arbitration proceedings against the republic of Panama, escalating a deepening dispute over two key ports at the Panama Canal following a landmark Supreme Court ruling last week that invalidated its long-held concession contracts. 

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Iran Intercepts American Tanker in Strait of Hormuz

From maritime-executive.com

Two incidents in the waters of the Strait of Hormuz on Tuesday illustrated the degree of tension in the region's waterways as the Trump administration increases its pressure on the regime in Tehran. 

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Maersk and Hapag-Lloyd to route one Gemini service through Red Sea

From splash247.com

Maersk and Hapag-Lloyd are set to resume Red Sea transits on one of their shared Gemini Cooperation services, marking a cautious step back into the corridor after months of widespread diversions around the Cape of Good Hope. 

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Red flags raised over growing cargo theft and freight fraud

From splash247.com

Cargo theft and freight fraud are climbing sharply across global supply chains, prompting a joint warning from the International Union of Marine Insurance (IUMI) and the Transported Asset Protection Association (TAPA). 

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India Approves Plan for Domestic Shipping Line in Broad Container Ecosystem

From maritime-executive.com

The government of India oversaw the formal signing of agreements on February 3, which set out the plans for the country’s new domestic container shipping line to be known as Bharat Container Shipping Line (BCSL). 

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Fighter From USS Abraham Lincoln Shoots Down Iranian Drone

From maritime-executive.com

A US Navy F-35C has shot down a drone which it said was threatening the US carrier USS Abraham Lincoln (CVN-72). 

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Jiangnan Shipyard wins four LNG carriers chartered to Shell

From www.seatrade-maritime.com

Chinese yard and financiers herald deal as a milestone in relations with international energy companies and high-end equipment manufacturers

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Car carrier ordering boom ends as overcapacity fears grow

From splash247.com

The once red-hot car carrier newbuilding spree is showing clear signs of cooling, with overcapacity concerns now looming large across the pure car and truck carrier (PCTC) market, according to AXSRoRo’s latest monthly newsletter.

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UK And China Team Up To Stop Small Boat Supplies Used By Smuggling Gangs

From www.marineinsight.com

The agreement will, for the first time, allow UK and Chinese law enforcement agencies to work together.

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United States CBP Seizes $70,737 From Chinese Ship Captain At Baltimore Port

From www.marineinsight.com

In fiscal year 2024, officers seized an average of $152,418 in unreported or illegal cash each day along U.S. borders.

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Tanker Crew Rescues Yacht in Challenging Weather off Bahamas

From maritime-executive.com

On Monday morning, a merchant tanker rescued three people from a sailboat in distress about 450 miles to the east of Daytona Beach, Florida. 

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Japan's largest power utility signs 27-year LNG supply deal with QatarEnergy

From splash247.com

Japan’s largest power utility Jera has signed a landmark 27-year LNG supply deal with QatarEnergy, marking the renewal of a trading relationship that had steadily waned in recent years. 

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Germany acquires stake in TenneT for $3.9bn

From splash247.com

TenneT Holding has reached an agreement with Kreditanstalt für Wiederaufbau (KfW), acting on behalf of the German government, to sell a 25.1% stake in TenneT Germany for approximately €3.3bn ($3.9bn). 

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Posidonia turns into a month-long shipping marathon

From splash247.com

Posidonia has a new record to go alongside its position as the world’s most famous shipping show. 

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