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Global LNG freight falls sharply as Bintulu LNG’s up to three trains temporarily down

Global LNG freight tumbled sharply April 16 as at least three of the nine trains at Bintulu LNG were temporarily down due to technical issues and this delayed export loadings at the port, prompting shippers to relet their ships, two sources with a direct knowledge of the matter said. “Some of the LNG tankers that …

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IMO’s net-zero strategy for global shipping starts with pricing carbon but it’s not perfect

The IMO has adopted a framework that puts a price on carbon exceeding target levels On Friday, 11 April, the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) agreed upon a set of mid-term measures to get the sector on track to net-zero by 2050. This follows the global shipping regulator’s earlier …

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Landmark IMO deal set to shake up shipping

A decisive moment for global shipping regulation unfolded last week as the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) concluded its 83rd session, which culminated in the approval of draft amendments establishing the ‘IMO Net-Zero Framework’. This global mechanism will combine mandatory greenhouse gas (GHG) limits with carbon pricing for the maritime sector …

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FLNG Gimi completes first LNG offload

Golar LNG Limited (“Golar”) is pleased to announce that FLNG Gimi completed the offload of its first full LNG cargo to the LNG carrier British Sponsor. This introduces Mauritania and Senegal to the international gas market and triggers the final pre-Commercial Operations Date milestone bonus payment to Golar under the terms of the commercial reset …

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IMO: Outcomes of the Marine Environment Protection Committee (MEPC 83)

The Marine Environment Protection Committee (MEPC) met for its 83rd session in person at IMO Headquarters in London (with remote participation enabled) from 7 to 11 April 2025. The meeting was chaired by Dr. Harry Conway (Liberia), with Mr. Hanqiang Tan (Singapore) as Vice-Chair. MEPC 83 highlights: Tackling climate change – Mid-term measures to reduce …

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Record-breaking carbon emissions in ocean container shipping: here’s what shippers need to know

Latest data reveals global ocean container shipping emitted all-time high carbon emissions in 2024, driven largely by the impact of conflict in the Red Sea. The data, released by Xeneta and Marine Benchmark this week, is a timely reminder that, while the geo-political climate is heating up due to the US tariff announcements, we must …

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Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet

U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance the pullback in orders resulting from President Trump’s tariffs and the escalation of tensions in the trade war. A total of 80 blank, or canceled, sailings out of China have been recorded …

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