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Japanese shipping group Mitsui OSK assessing EU sanction impact on its LNG vessels

Japan’s second-largest shipping company Mitsui O.S.K. Lines (MOL) 9104 said it is carefully assessing the impact on three of its liquefied natural gas vessels of new sanctions imposed by the European Union against Russia. “We will continue to fully cooperate with the relevant authorities, including the European Union and the Japanese government, and remain committed …

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Digital Twin Project advances to next stage following successful pilot trials

ClassNK and NAPA, on behalf of all participating organizations, have today announced the successful completion of Phase 3 pilot trials of the cross-industry Digital Twin Project. Results from the pilot trials confirmed the feasibility of the platform’s core business scenarios, validating the applications of shared digital twins to enhance collaboration across the maritime value chain …

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The challenges of surviving as a small shipping business in an industry of big players

In today’s shipping industry, we’re seeing multiple factors which are impacting smaller shipping companies making it challenging to remain independent, however smaller operators bring unique values to the industry and we must encourage their success. Changes to environmental regulations such as sulphur cap, EEXI/CII, 2030/50 GHG targets and the ETS being introduced by the International …

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INTERCARGO meetings held in China with focus on safety and decarbonisation

INTERCARGO, the International Association of Dry Cargo Shipowners, convened last week in Guangzhou for its semi-annual meetings, the first time the Association has held such an event in China. The meetings, hosted by COSCO Shipping Bulk, brought together members from across the globe for two days of dialogue and decision-making. Senior representatives gathered to discuss …

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Uncharted Waters: The Ships For America Act Proposes a US Maritime Renaissance

With extensive coastlines on both the Pacific and Atlantic Oceans, the US is a maritime nation. The US economy and national security depend on sea power. In the early 1950s, the US had approximately 1,288 US flagged vessels engaged in international trade. Currently, a meager 80 US flagged vessels are engaged in international trade. In …

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