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2019 Ends With Plethora of Newbuilding and S&P Deals

30.12.2019

Ship owners have sought to seal a number of deals prior to the end of 2019, both in the newbuilding and the second hand markets. In its latest weekly report, shipbroker Allied Shipbroking noted that “things remained interesting for yet another week in the newbuilding market. 

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Fuel Tax Proposed to Fund $5 Billion R&D Plan

18.12.2019

Eight global shipping associations have submitted a plan to the IMO for a fuel tax dedicated to helping eliminate CO2 emissions from international shipping. The tax would generate funds of about $5 billion over a 10-year period. 

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Tanker Market: Robust Levels All Around During November

16.12.2019

The tanker market has been on a high during November as well. In its latest monthly report, OPEC said that dirty tanker spot freight rates in November remained at robust levels relative to the lacklustre performance seen for most of this year, but were down from the record highs seen in the previous month. 

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Lithium Ion Batteries, a force to be reckoned with in vessel applications.

11.12.2019

Since the beginning of boat building; designers, builders, owners and crew have always sought to do more with less. Seeking efficiencies may reduce costs, make better use of space, provide more speed and meet regulatory requirements or socially accepted organisational norms. 

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Dry Bulk Market: Ship Owners Turn to ‘08-’11 Tonnage

01.10.2019

While the freight rate market for dry bulk carriers has failed to rebound over the course of the past three weeks, demand for second hand bulkers and, more specifically, those built between 2008 and 2011 has kept up its momentum.

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New Coalition Aims to Make Zero-Emissions Shipping Plain Sailing

25.09.2019

The World Economic Forum, the Global Maritime Forum and Friends of Ocean Action today launch the Getting to Zero Coalition at the United Nations Climate Action Summit, with the goal of decarbonizing the international maritime shipping sector by 2030. 

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