Iranian ‘dark fleet’ VLCCs pose recycling headache for Bangladesh as US cuts aid
Market sources say listing by Iran pressure group could present challenges
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March 2025
IOPC Funds Not Relevant to Stena Immaculate Collision
The International Oil Pollution Compensation Funds (IOPC Funds) has offered its view on the collision between the Solong and Stena Immaculate off the north-east coast of the UK on March 10, saying:“Whilst the United Kingdom is a 1992 Fund Member State …
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European Hydrogen Bank Auction Receives Bids for 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 the European Economic Area (EEA). Eight of the bids were submitted under the dedicated maritime topic…
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Shipping in the midst of the ongoing trade wars
The escalation of tariffs and trade wars is spilling over to the shipping industry, especially if US’ proposal to target Chinese-built ships moves ahead. In its latest weekly report, shipbroker Xclusiv said that “the U.S. Trade Representative’s (USTR) …
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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 sail…