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Maersk calls for increased military protection in piracy-plagued Gulf of Guinea

Maersk now calls on authorities to launch an "effective military capacity" in the Gulf of Guinea to increase safety for vessels and crews, Maersk's head of safety tells ShippingWatch on the heels of two piracy attacks on Maersk vessels in less than a month.

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Outgoing chief exec of Wallem Group criticizes charterers in coal conflict near China

Frank Coles, CEO of ship management company Wallem Group, criticizes charterers that will not allow crew changes on the ships currently idled off China loaded with Australian coal. V.Ships CEO Franck Kayser sees signs that China has started to accept some Australian coal cargoes. Friday midday, it was announced that Coles is leaving Wallem Group.

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Fuel trade almost halved in Asia in 2020

Covid-19, new sulfur requirements, lower exports to China and the collapse of commodity trader Hin Leong Trading in Singapore made bunker oil trade volumes drop 46 percent in 2020 compared to 2019, writes Reuters.

Svitzer kicks off 2021 with more questions than answers

Towage operator Svitzer faces an unpredictable year in which both the vaccine and Brexit could upend the entire business. Nevertheless, there are still factors that could trigger greater demand, says new managing director of Europe, Lise Demant.

Price of EU carbon quotas climbs to all-time high

The price of European carbon quotas is soaring, as the shipping sector is on track to soon be included in the system. Right now it costs USD 42 to emit a ton of carbon, the highest price ever. Maersk has asked the EU for permission to not pay at all.

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