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CO2TIME 2026 published – a dedicated time charter party for liquefied CO₂ transport

We have published CO2TIME 2026, a new time charter party developed specifically for the maritime transport of liquefied carbon dioxide (LCO₂). The form responds to the rapid development of carbon capture, utilisation and storage (CCUS) projects and the growing need for a standardised contractual framework tailored to CO₂ shipping. CO2TIME 2026 is the first charter …

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Trump Says Hormuz Will Open: A Deal Takes Shape as Iran Expands the PGSA

Operational Overview The Hormuz operating environment moved through one of its most consequential five-day windows of the conflict between May 20 and May 24, with Iranian administrative escalation, sustained U.S. enforcement, partial export recovery, and the first publicly announced diplomatic framework all advancing in parallel. Iran’s PGSA extended its claimed zone to the UAE coast …

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How to derisk ship retrofits: design, execution. and verification

Regulatory developments, fuelcost pressures, and maturing technologies are reshaping the retrofit landscape. This interview looks at technical effectiveness, cost recovery, design accuracy, and the projectmanagement factors critical to successful upgrades. ‘’Hyoung-Seog Kim, Head of Marine Solution Business Division, Hanwha Power Systems and Head of Commercial Ship Engineering and Technology, Hanwha Ocean’’ HyoungSeog Kim is a …

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How to build a risk tree to assess shadow fleet exposure in your network

The shadow fleet is no longer a peripheral concern for compliance teams. It has grown into a structural feature of global oil markets and the exposure it creates runs deeper than most organisations have mapped. The risk extends beyond vessels themselves. It reaches through counterparties, supply chains, port networks, and financial relationships in ways that …

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