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DNV highlights need for regulatory clarity to accelerate maritime decarbonisation

As the shipping industry continues its transition towards a lower-carbon future, DNV is emphasizing the importance of clear regulations, technical guidance and commercially viable solutions to support the sector’s decarbonisation efforts. Speaking to Hellenic Shipping News, Johnson Teriakidis, Regional Manager Southeast Europe at DNV, noted that while the industry’s commitment to reducing emissions is evident, …

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Bahamas Maritime Authority highlights growth in Greece and the need to attract the next generation of maritime talent

As the shipping industry navigates an increasingly complex landscape shaped by geopolitical developments, environmental regulation and technological transformation, the importance of maintaining high-quality fleets while investing in the next generation of maritime professionals is becoming more apparent than ever. For the Bahamas Maritime Authority (BMA), Greece continues to play a central role in this strategy. …

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Baltic Dry Index Losing Run Continues

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, extended its decline into a ninth consecutive session on Wednesday, falling about 1.7% to a fresh low since May 1st at 2,771 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, dropped about 3.2% …

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Long Voyages in a Fragmented World: The Evolution of Tankers

Over the past four years, tanker markets have been reshaped by geopolitical shocks, with freight volatility increasingly driven by inefficiencies rather than pure cycles. The Russian invasion of Ukraine triggered a major reconfiguration of crude and product flows, extending voyage distances and tightening effective fleet supply. This was compounded by disruptions such as the Houthi …

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BIMCO launches project to develop Russia Tanker Resale Restrictions Clause for MoAs

BIMCO has commenced work on the development of a standard contractual clause to address new EU requirements applicable to tanker sale and purchase transactions. The initiative follows the adoption of the European Union’s 20th sanctions package against Russia on 23 April 2026, which introduced mandatory due diligence and contractual requirements for EU sellers of tankers. …

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Western Africa’s import of clean petroleum products drops 44% year on year

“During April to May, Western Africa’s clean petroleum product (CPP) imports fell 44% year on year, from 1,144 thousand barrels per day (kbpd) to 642 kbpd,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. The drop in import volumes cut tonne miles by 47% year on year, lowering the region’s share of global CPP tonne …

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