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Bunker prices up 25% in just 30 days on the back of covid-19 vaccines & support from OPEC

VLSFO prices have risen by $75/ton in just 30 days; the previous talk about a Covid-19 vaccine and a corresponding sharp rise in oil prices has now become a reality. In the past few weeks, we have had the very big news of 3 successful Covid-19 vaccine trials, with the corresponding jump in prices. There …

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LSFO emerging as preferred bunker fuel following IMO 2020 regulation, says GlobalData

Despite its relatively high cost, both shipping companies and refiners are placing bets on low sulfur fuel oil (LSFO, 0.5% sulfur m/m) for marine transportation. As a result, LSFO sales in Singapore, the world’s largest bunkering hub, have increased from 174 thousand tons in September 2019 to 2,896 thousand tons in September 2020, says GlobalData, …

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Crucial role of the EU Member States to ensure that crew changes are able to take place without further delays and seafarers are prioritised for vaccination

Open Letter to Ministers of Transport of EU Member States on crew changes and vaccination Dear Ministers, On the occasion of the Informal Videoconference of the Ministers of Transport on 8 December 2020 and the agenda item on crew changes, we, the European Social partners for maritime transport, would like to thank you for your …

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Lloyd’s Register to acquire C-MAP Commercial from Navico Group

Lloyd’s Register (LR) has reached an agreement to acquire Navico Group’s C-MAP commercial marine business, a leading provider of commercial marine cartography and digital publications, shore-side and shipside voyage optimization, cloud-based fleet management and fleet analytics software. The acquisition will be integrated with the i4 Insight platform, strengthening the existing performance platform ecosystem. The acquisition …

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How The Recent NGT Verdict Is Going To Facilitate Sustainable Ship Recycling In India

National Green Tribunal (NGT) has approved the ‘Beaching’ method of ship recycling in the world’s largest ship recycling cluster, at Alang, India, on Friday, 27th November 2020. A specialized body established under the Government of India’s NGT Act 2010, the National Green Tribunal is equipped with the necessary expertise to handle environmental disputes involving multi-disciplinary …

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Bureau Veritas classed vessel showcases Faroe Islands capability to successfully develop & build high-specification vessels

Bureau Veritas (BV), a world leader in testing, inspection, and certification, has awarded classification to the research vessel Jákup Sverri. Built in the Faroese MEST Shipyard, the vessel’s primary task will be to survey in and around the Faroe Islands. Measuring 54 metres in length, Jákup Sverri, which will conduct work for the Faroe Marine …

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First movers benefit from remote surveys for CMC in COVID-19 conditions

In early May 2019, KAESER KOMPRESSOREN SE, one of the world’s foremost suppliers of compressed air systems, was among Germany’s first companies to opt in favour of remote surveys for CMC. After the first remote compressor test had been successfully completed, KAESER and DNV GL signed a remote survey agreement. More than 50 surveys have …

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