This move is designed to provide much-needed financial flexibility to small and medium-sized enterprises (SMEs) in the maritime sector, addressing the liquidity challenges that often hinder their operations.
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The MPA and Enterprise Singapore have released a new technical reference to provide a framework for the safe and efficient handling of methanol bunkering.
Video footage from Orca AI's lookout unit on the nearby tanker Ionic Aspis suggests that fog may have contributed to the allision in the North Sea.