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IMO declaration – “a more ambitious decarbonization strategy”

Norway-based marine insurer and Group Club Gard has said that the recent unanimously-agreed International Maritime Organization (IMO) declaration of the ambition to reach net-zero GHG emissions from international shipping “close to 2050” would have implications for shippers because over the…

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Black Sea Grain deal is “suspended”

To the surprise of hardly anyone, Russia has announced the suspension of the Black Sea Grain initiative. Moscow released a statement hours before the agreement was due to expire. Had there been any doubt about its ending, that was dispelled…

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S&P confirms Norwegian Hull Club’s ‘A’ rating

Standard & Poor’s has given Norwegian Hull Club a glowing report and has confirmed its ’A’ rating, with a stable outlook. In its latest report, issued on June 29th, S&P noted the Club’s “recent exceptional underwriting performance with improved conditions…

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Black Sea Corridor deal is all but dead

The Black sea Corridor agreement between Russia and Ukraine, brokered by the UN and Turkiye last July and renewed for shortening periods three times since, has effectively died, a slow rather than sudden death. Russia said on Friday June 30th…

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EU takes action against tankers switching off their AIS

The European Union (EU) has provided further details of its latest package of sanctions against Russia. Splash reported last week that ships caught carrying out ship-to-ship (STS) transfers of price cap-breaking Russian oil in European waters will be banned from…

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Pirates attack, robbed crew off Gulf of Guinea

UNIDENTIFIED pirates have boarded a vessel ‘M TNyon’ attacked and robbed crew members during the most recent incident of piracy in West Africa. Yesterday’s incident, which reportedly left several crew members with minor injuries, came a day after the United…

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