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Following a combination of significant increases in inflationary pressures and supply chain costs, Hexicon recognised an impairment on the Project in December 2025
The key limiting factor was disruptions in port infrastructure, primarily in Primorsk and Ust-Luga.

Ocean governance is an important issue rising in shipping industry

The Inaugural World Congress on Maritime Heritage, that was conducted on March 13-15, addressed current issues concerning ocean governance mechanisms

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