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Fortescue calls on IMO to set $100/mt carbon levy on bunker consumption

Fortescue wants the International Maritime Organization to impose a carbon levy of $100/mt on marine energy consumption to make “green ammonia” competitive as a marine fuel, Executive Chairman Andrew Forrest said March 9. Member states of the IMO, a UN agency tasked with regulating international shipping, are due to finalize new regulations on greenhouse gas …

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Hendrik Veder Group UK Amplifies Partnership with Lift-Tex

To help businesses streamline heavy lifting operations with safer, more efficient, and cost-effective solutions, Hendrik Veder Group UK has strengthened its strategic alliance with Lift-Tex®. This partnership will ensure that industries reliant on heavy lifting across the UK, including maritime, shipping, construction, oil and gas, and renewables, will gain direct access to the Lift-Tex® advanced …

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FBX Index March 2025: Volatility hits container spot rates as carriers look to blank sailings to plug the gap

The global shipping market remains highly volatile due to geopolitical and economic uncertainties, including the Ukraine-Russia war and fluctuating US-China tariffs. Transpacific spot rates fell sharply in late February, prompting a surge in blank sailings to stabilise prices. Meanwhile, new US tariff charges on Chinese shipping could shift capacity between the United States and Europe. …

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Rising US-Europe tensions: The potential shift in LNG trade dynamics

The global LNG market is at a pivotal juncture as geopolitical shifts between the US and Europe introduce new variables to established trade flows. Recent policy discussions, including potential tariff impositions and evolving energy strategies, could reshape LNG sourcing patterns in the coming years. While the US has dominated European LNG imports since the Russia-Ukraine war, …

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Proposed US tariffs: ‘service fees’ on vessels calling at US ports

On Friday 21 February 2025, the US Trade Representative (USTR) announced proposals to impose substantial ‘service fees’ on ships and ‘operators’ with Chinese connections, be that Chinese ownership or the vessels having been built in Chinese yards. The proposal is open to public commentary in the US until a hearing scheduled for 24 March 2025, at …

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Second European Hydrogen Bank auction receives 61 bids, including eight maritime projects

The European Hydrogen Bank’s second auction for the production of renewable hydrogen has attracted 61 bids from projects in 11 countries, with eight of the bids submitted by hydrogen producers with off-takers in the maritime sector. The post Second European Hydrogen Bank auction receives 61 bids, including eight maritime projects appeared first on Offshore Energy.

PIL names fourth 14,000 TEU LNG dual-fuel containership in China

Singapore-based shipping company Pacific International Lines (PIL) has named its fourth 14,000 TEU LNG dual-fuel containership built by Jiangnan Shipyard in China. The post PIL names fourth 14,000 TEU LNG dual-fuel containership in China appeared first on Offshore Energy.

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