VIDEO: Artemis eFoiler CTV in action at Scottish wind farm A demonstration project led by Belfast, Northern Ireland-based Artemis Technologies, has successfully completed a technical demonstration of a dual propulsion Artemis eFoiler CTV at Aberdeen Offshore Wind Farm on the east coast
Damen set to make a fast delivery of a Fast Ferry 4212 Damen Shipyards Group has signed a contract with South Korea's Starline Co. Ltd. for the delivery of a new Damen Fast Ferry 4212. Available from stock at Damen Song Cam Shipyard in
Davie acquires Finland's Enersense Offshore Hard on the heels of its agreement to acquire Gulf Copper's Texas shipyards, Canadian shipbuilder Davie is on the acquisition trail again, this time in Finland. Quebec-based Davie, which is the owner
Port Fourchon moves ahead on Argent LNG project At its monthly board meeting on July 9, the Greater Lafourche Port Commission announced it approved the payment and acquisition of a 743-acre tract from the State of Louisiana, paving the way
Eco Boss Cap propeller hub now in production EcoNavis Solutions, a spin-off from the University of Strathclyde in Scotland has begun production of its patented Eco Boss Cap propeller hub, marking the transformation of a university-led research project into an
JAXPORT now first U.S. Southeast port of call following Premier Alliance service change The Jacksonville Port Authority (JAXPORT) is now the first Southeast U.S. port of call in the Premier Alliance's East Coast 3 (EC3) container service, which directly connects Jacksonville with ports in Thailand,
India's shipyards set sail to challenge China in the Indian Ocean As China welds its two mammoth state-owned builders into a single leviathan, India is responding with a very different playbook: partnerships, policy nudges and a dash of Korean know-how. The result is a fast-moving shipbuilding contest that could reshape who services and ultimately controls merchant fleets criss-crossing the Indian Ocean. On 4 July, Cochin Shipyard Limited inked a sweeping memor
Fight over new Santos terminal underscores competition among shipping lines Ambiguous bidding criteria has delayed the auction to operate the new Tecon 10 mega-terminal in Brazil's Santos port, the largest in South America. Initially, Brazil's National Waterway Transportation Agency's (Antaq) original proposal allowed all interested parties to submit bids with no restrictions
EcoNavis begins production of Eco Boss Cap EcoNavis Solutions has officially kicked off production of its innovative Eco Boss Cap. Eco Boss Cap is a new propeller hub retrofit designed to improve fuel efficiency and reduce cavitation. What began as a research initiative out of the University of Strathclyde has now moved from concept to commercial reality. The first unit, destined for installation on a general cargo vessel, has been cast a
CONPAS enables direct export container booking at Hanshin Port Container Fast Pass (CONPAS), a port information system developed and operated by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), will allow container shipping companies to make bookings for loaded export containers delivered to Hanshin Port starting 14 July 2025. Currently, container shipping companies must make such bookings through shipping agents, but from 14 July 2025, th
Cargo-partner grows UK road services from Bradford Cargo-partner, a group company of NIPPON EXPRESS HOLDINGS, INC., marks a significant milestone in its UK operations, expanding its road transport services from Bradford, the newly named UK City of Culture 2025. The announcement aligns with Bradford's rising profile both culturally and economically, adding momentum to Cargo Partner's presence in the region. Bradford office, located in the heart of
Port of Long Beach to offer free harbor cruises The Port of Long Beach is inviting the public aboard for a rare, up-close look at one of the world's busiest seaports this Saturday, July 12. In celebration of the 20th anniversary of its groundbreaking Green Port Policy, the Port will host a series of free harbor cruises, no reservations required. This special event will feature five narrated boat tours throughout the day, each lasting 90 minute
Freightos Weekly Update: Transpacific ocean rates continue to slide "President Trump signed an executive order on Monday extending the pause of the White House's reciprocal tariff roll outs for a long list of US trading partners from July 9th to August 1st. Trump also sent letters to the governments of fourteen countries communicating the extension and specifying the tariff rate that will go into effect in a few weeks. These tariff levels were generally similar t
GEODIS rolls out new digital sales platform GEODIS has officially launched a new fully digital sales platform in France, in a move aimed at making logistics more accessible to small and medium-sized businesses. The new digital channel is now available directly from the company's website. In just a few clicks, business customers can request a quote, pay for their order online and schedule a pickup for their goods. The new digital channel ca
Port Newark adds new electric truck charging station The Port Authority of New York and New Jersey has unveiled a new electric truck charging station at Port Newark. This is a significant move toward reducing emissions in drayage operations and supporting the region's broader clean energy goals. Located at the truck welcome center, the station includes four high-powered, 350-kilowatt DC fast chargers. The idea is to offer truck drivers a convenient
China's decision to merge the main shipyards reflects an attempt to maritime dominance China's recent decision to merge its two massive shipbuilding conglomerates, China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), has quietly set the stage for a fundamental shift in the global maritime order. With final approval from the Shanghai Stock Exchange, the RMB 115.2 billion share-swap consolidates more than 400 billion yuan in assets under a s
CMA CGM reaches 4 Million TEU milestone Based on Alphaliner's latest report, French container shipping powerhouse CMA CGM has officially crossed the 4 million TEU mark in operated capacity. This growth cemented its position as the third-largest container carrier globally, leaving behind MSC (6.7 million TEU) and Maersk (4.6 million TEU). This new milestone not only highlights CMA CGM's impressive fleet growth, but also reflects the gro
Global Ship Lease receives affirmed credit ratings and stable outlooks Global Ship Lease announced that three major credit rating agencies have reaffirmed the company's credit ratings and maintained stable outlooks. Moody's Investors Service upheld its Ba2 Corporate Family Rating, S&P Global Ratings confirmed its BB+ long-term issuer credit rating, and Kroll Bond Rating Agency also affirmed a BB+ corporate rating, along with a BBB/stable investment grade rating for
European carriers dominate global container shipping In the ever-evolving landscape of global container shipping, European carriers continue to hold a commanding lead, despite fierce competition from Asia. According to the latest data from Alphaliner's Top 30 container shipping companies, European shipping lines collectively control 55.1% of the global container fleet capacity
KWE expands partnership with Cathay Pacific Kintetsu World Express (KWE) signed an expanded agreement with Cathay Pacific Airways to extend its use of Sustainable Aviation Fuel (SAF) through 2027. KWE steps up its commitment to cutting carbon emissions in the air cargo sector. This latest deal builds on an established partnership between the two companies, which began with pilot discussions back in 2021. KWE was one of the founding partici
Wärtsilä to power major mining project in Pakistan Wärtsilä has landed a major contract to supply a 204-megawatt power plant for the Reko Diq copper-gold mining project in Pakistan. The plant will run on a dozen Wärtsilä 50-series engines and is designed to deliver a dependable, cost-effective energy source in one of Pakistan's most remote regions. The order was placed by Reko Diq Mining Company (RDMC) and booked by Wärtsilä during Q2 2025. Deliv
Everllence reaches landmark ME-GI engine Everllence CEO Dr Uwe Lauber presented Hapag-Lloyd CEO Rolf Habben Jansen and Managing Director Fleet Silke Lehmköster with a commemorative plaque celebrating Hapag-Lloyd's purchase of an Everllence B&W 7G95ME-GI dual-fuel engine, the 1,000th ME-GI ordered to date. The engine is destined for a container vessel now under construction at Jiangsu New Yangzi Shipbuilding. Habben Jansen highlighted th
ABS approves new floating turbine American Bureau of Shipping (ABS) has granted an approval in principle (AIP) to Hanwha Ocean for its newly designed floating wind turbine platform. The concept, called WindHive 15-H3, is a semisubmersible platform designed to support 15-megawatt (MW) turbines using three hexagonal columns. The innovative structure has gone through a thorough review process by ABS, ensuring compliance with both cl
Bilbao Port Authority launches new train planning and tracking service The Bilbao Port Authority has introduced a new telematic service within its e-puertobilbao platform, specifically designed to enhance train operations at the Port of Bilbao. This new feature, known as the eportua train service, is tailored for stakeholders involved in rail transport, including traffic controllers, railway companies, and maritime terminals, aiming to improve coordination, communic
Tariff deadline delay creates more market uncertainty Continued uncertainty over the enforcement of US tariffs has unsettled the markets again as the Trump administration delays import duties until 1 August but reveals tax levels on 14 countries. Having announced 25% tariffs on Japanese and South Korean exports on 7 July, there appeared to be some discrepancy over the implementation date, with treasury secretary Scott Bessent finally clearing up the
How Cape of Good Hope rerouting is skyrocketing container loss risk The 2024 data from the World Shipping Council and South African Maritime Safety Authority underscores a specific and growing operational risk for global shipping: increased container loss due to rerouting around the Cape of Good Hope, which has replaced the Red Sea-Suez Canal corridor for many vessels due to geopolitical instability. The prime suspect is geography. Source: WSC Report With liner s
Folk Maritime expands South Red Sea service Folk Maritime Services Company has announced the enhancement of its South Red Sea Service, introducing a revised rotation aimed at boosting regional trade connectivity. The updated service will operate on a 10-day loop from Jeddah Islamic Port (JED), connecting major Red Sea ports in a streamlined sequence: JED - Port Sudan (PZU) - JED - Djibouti (DJI) - Aden (ADE) - JED. The move reinforces Jedd
Emirates SkyCargo launches specialized solution for aircraft engine transport Emirates SkyCargo has unveiled a new specialized product, designed specifically for the secure and efficient transport of one of aviation's most critical and high-value assets: aircraft engines. The solution falls under a newly introduced vertical, Aerospace and Engineering, aimed at providing precision handling, rapid transit, and technical expertise for complex aerospace cargo. "With world-clas
Trafigura takes stake in ZeroNorth Global commodities powerhouse Trafigura has taken a strategic equity stake in a well-known vessel optimisation brand, ZeroNorth. The new partnership will see ZeroNorth's platform deployed across Trafigura's controlled fleet of over 350 vessels, including its voyage optimisation systems, emissions analytics and vessel reporting tools. While financial terms of the transaction were not disclosed, th
Hanwha Shipping bags third VLCC newbuild Hanwha Shipping, the shipowning arm of South Korean builder Hanwha Ocean, has added another vessel to its growing in-house fleet, placing an order for an additional VLCC. The Okpo-based yard - formerly known as Daewoo Shipbuilding & Marine Engineering (DSME) - is scheduled to deliver the 300,000 dwt scrubber-fitted supertanker in mid-2027. Hanwha Shipping was ...
Navios Maritime adds to South Korean boxship newbuild series Greece's Navios Maritime Partners is ramping up its exposure in the container shipping sector with a fresh order for four modern boxships at South Korea's HJ Shipbuilding & Construction. The Angeliki Frangou-led company is understood to have signed for four 8,000 teu vessels, in a deal valued at approximately $440m, building on its prior orderbook ...
Sinokor books four boxships at HD Hyundai yards South Korean shipowner Sinokor Merchant Marine has placed an order with compatriot shipbuilder HD Hyundai, securing four containerships in a deal valued at KRW 834.8bn ($611m). HD Korea Shipbuilding & Offshore Engineering, the holding company of HD Hyundai, revealed the contract in a stock exchange filing, without disclosing the counterparty, but shipbuilding sources have named ...
Trump wipes out subsidies for wind and solar power US president Donald Trump has signed an executive order to eliminate subsidies for green energy sources, more precisely wind and solar power, as he makes another step on his warpath against renewable energy. The order directs the secretary of the treasury to terminate the clean electricity production and investment tax credits for wind and solar ...
Sedna extends acquisition streak with Dataloy Systems buy UK-based Sedna is pressing ahead with its expansion in the maritime tech space with the acquisition of Norwegian voyage management software specialist Dataloy Systems. Bergen-based Dataloy Systems, with over 20 years of experience, serves a global client roster that includes Saga Welco, Golden Ocean, Stena Bulk, and Klaveness. The company's platform supports voyage planning, chartering, ...
Northern Drilling wins $40m deal for campaign off Namibia John Fredriksen-controlled Northern Ocean, a semisub spin-off of Northern Drilling, has won a contract for one of its rigs with a subsidiary of Rhino Resources. The deal is for the 2018-built Deepsea Mira for operations in Namibia set to start in mid-July 2025. The contract includes one firm well for Rhino, one firm well for ...
War risk soars as Red Sea reels from deadly Houthi attacks Maritime security in the Red Sea and Gulf of Aden has deteriorated sharply after Yemen's Houthi rebels launched devastating attacks on two commercial vessels, raising alarm across the global shipping industry and triggering a steep surge in war risk premiums. The Houthis released a video yesterday showing what appears to be the deliberate sinking of ...
Aker Solutions to modify Equinor platform for subsea tie-in Norway's Aker Solutions has been awarded a contract by Equinor to prepare the topside of the Troll C offshore platform to receive and process production from the Fram Sør tie-in. Fram Sør will be developed as a subsea tie-in to Troll C and will utilise the existing processing capacity on the platform. The area is ...
Genco tied to Nissen cape acquisition Brokers' sources tell Splash that Japanese owner Nissen Shipping has let go of one of its many modern capes, selling the 2020-built Bulk Ginza-a 182,900 dwt, Imabari-built cape-for just under $64m. The ship is noted to have been sold on a forward delivery basis and will be delivered to its new owner at the end ...
Transworld takes on its largest boxships to date Dubai-based Transworld Group has acquired two 2,478 teu sister ships - Seaspan Loga and Seaspan Hannover - from Canadian shipowner Seaspan Corp, according to Alphaliner. The total transaction value is $27.5m, with Seaspan Loga sold for $13.2m and Seaspan Hannover for $14.3m. The acquisition adds two larger feedermax vessels to Transworld's growing portfolio, pushing its ...
CMA CGM hits 4m teu milestone Alphaliner is reporting French container shipping giant CMA CGM has officially crossed the 4m teu threshold in operated capacity this week. The achievement cements CMA CGM's position as the world's third-largest container carrier, trailing only MSC (6.7m teu) and Maersk (4.6m teu). This latest milestone represents a quadrupling of CMA CGM's size over the past ...
Davie acquires second Finnish shipyard Davie, the Québec-based international shipbuilder and owner of Helsinki Shipyard, is acquiring Enersense Offshore, another Finnish shipyard based in Mäntyluoto, a port district of the city of Pori. The smaller yard will be used to supply local steel to Helsinki Shipyard as well as to Davie's operations in North America. "This deal will reinforce our ...
LS Marine Solution picked for cabling work on South Korean offshore wind farm South Korean subsea cable contractor LS Marine Solution has been selected as the preferred bidder for the subsea cable installation portion of the Shinan Ui offshore wind project. The 390MW project is being developed by a consortium led by Hanwha Ocean and SK E&S affiliate SK Eternix. The project is set to be the starting ...
K Shipbuilding put up for sale South Korea's revitalised mid-sized shipbuilder, K Shipbuilding, has been officially put on the market, with owners targeting a sale price of up to KRW1trn ($730m). The sale marks a dramatic turnaround for the former STX Offshore & Shipbuilding, which had once been under court receivership following the 2008 global financial crisis. Once the world's fourth-largest ...
Kerala sues MSC for $1.1bn over environmental disaster caused by sinking of 28-year-old boxship The Kerala state government has filed an admiralty suit against Mediterranean Shipping Company (MSC), seeking $1.1bn in compensation for environmental and economic damages resulting from the sinking of the MSC Elsa-3 off the state's coast on May 25. The Liberian-flagged, 1997-built containership, en route from Vizhinjam to Kochi, capsized approximately 13 nautical miles off Alappuzha ...
Samsung Heavy bags preliminary deal for Mozambique's second FLNG unit Samsung Heavy said the deal to construct a floating liquefied natural gas unit was signed with a European shipping company operating in Africa. The preliminary contract for the FLNG unit is worth 869.4bn won ($637m). According to the company's statement, the final agreement is expected to be signed later. The preliminary contract will expire at ...
$1.3bn set to be spent developing Hamburg port Germany's top port, Hamburg, has unveiled a sweeping infrastructure investment of €1.1bn ($1.29bn) aimed at modernising its container handling capabilities at the Waltershofer Hafen. This large-scale development will significantly upgrade navigational access, expand terminal capacity, and usher in an era of automated and climate-friendly operations. At the heart of the investment lies a strategic
US sanctions more 'shadow banking' entities facilitating Iranian oil trades The US slapped more sanctions on entities involved in facilitating Iran's oil exports, designating 22 entities in Hong Kong, the...
Peak season may have already peaked as Trump tariffs darken outlook The main effect of Trump's tariffs on container shipping in the first half was on timing - frontloading and pauses. During...
Red Sea rescue falls to private security in the absence of any naval assets The conspicuous absence of any naval vessels available to help defend two ships sunk by the Houthis this week, or...
Latsis Group orders up to four boxships in China Order for 1,900 teu vessels at Huangpu Wenchong comes amid increased focus on feeder segment
Why shipowners need cyber insurance as well as H&M and P&I 'A few lines of code can bring a marine shipping business to a grinding halt,' says Lockton's Pordham
Secondhand boxship market suffering from limited supply of sales candidates Despite geopolitical uncertainties, buying interest remains strong across all vessel size segments
Eleven sea robberies in Singapore Strait in one week raises concerns over record-high year While most cases remain low in severity, enhanced patrols and vigilance are urged to prevent further escalation
WTW launches $200m cargo facility New facility is designed to safeguard cargo owners from geopolitical risks such as terrorism, war and political violence
Fujian Highton invests $65m to expand dry bulker fleet Tight supply and expected rise in trade volumes are driving the fleet renewal in dry market
Houthis take 'several' of sunk bulker's crew UPDATED: A number of the crew from Eternity C who abandoned ship have been picked up by Houthi forces. The...
Vehicle carrier markets still buoyant but clouds on the horizon Strong newbuilding ordering activity of recent years is now over, says Veson Nautical associate director, valuation & analytics, Dan Nash
The Daily View: Reassessing risk
Taiwanese shipbuilders caught in Beijing's cross-straits export controls CSBC says the impact is minor, but Chinese shipbuilding experts suggest the ban could potentially raise building costs for Taiwanese...
Daily Briefing Houthi attacks raise risk assessment questions for Red Sea transits | Three dead and two injured as Houthi attacks continue...
New Houthi attacks likely kill hopes of shipping returning to Red Sea this year With two attacks on commercial vessels in recent days, including one that killed three mariners, any thought that the risk in the Red Sea was easing to the point the Suez route might be restored in the near future has vanished.
MSC outstripping rivals on new capacity for 2025: Alphaliner Mediterranean Shipping Co. is furthering its lead in vessel tonnage so far this year as it absorbs more than double the amount of new capacity added by No. 2 carrier Maersk.
US retailers upgrade import forecast after tariff deadline extended to Aug. 1 But the mini-rush will be short-lived, with imports falling month-to-month between August and November, the National Retail Federation and Hackett Associates said in their latest Global Port Tracker.
India-US 'Indamex' string drops Charleston, adds more ships to bolster reliability The moves by CMA CGM were made to improve westbound transit times that remain a challenge due to ongoing vessel diversions around southern Africa.
Red Sea rescue tug operator wins two-year sanctions battle Dubai-based Swedish Management continued to operate in the world's most dangerous shipping zone despite listing
Shipping industry groups call for defence of freedom of navigation after Houthi attacks Tragic incidents reveal need to protect vital sea lanes, five associations say
Daring to be different: The shipping pioneers backing sail-powered ships Confident, courageous, unconventional or mad? These are the shipping leaders pursuing the winds of change
Houthi video shows second ship sinking in three days as deadly campaign restarts Yemeni group takes shipping world by surprise, sinking Greek bulkers trading with Israel
Houthis claim to have 'rescued' crew from Greek bulker they sunk Nineteen seafarers are missing from Cosmoship-managed vessel, which Yemeni rebels sank
'No premium I could charge to cover this': Deadly return of Houthis sees war risk insurers pull back Insurance sources report offer of cover has been withdrawn after devastating double strike by Houthi militants
Pankaj Khanna-led Heidmar moves on Marinakis boxship CEO calls deal key milestone as firm expands beyond tankers and bulkers
US tariffs fail to dent resilient car carrier volumes Time charter rates have fallen in the sector, but Asian exports keep up, analyst say
Majority of crew missing from Greek bulker attacked by Houthis Search and rescue operation underway for the Eternity C's seafarers
Marielena Procopiou venture Akrotiri Tankers resumes expansion with clean carrier buy Fledgling company stays focused on LR1s, acquiring 15-year-old unit from Hellenic peer Prime Marine
Sedna extends acquisition streak with fourth purchase in eight months London-based maritime communications platform has bought a Norwegian firm in latest deal
HFW partners set for bigger payouts as profit hits new record Shipping and insurance law firm pushes revenue to all-time high
Tor Olav Troim-linked venture flips drillships first ordered by John Fredriksen Eldorado Drilling, which included hotel tycoon Petter Stordalen as an investor, offloads pair delivered last year
Trafigura buys into ZeroNorth as it signs 350-ship fleet deal Charterer and owner to use optimisation services in another win for Danish tech company
MSC pulls away from rest of liner pack as fleet hits 6.6m teu French carrier CMA CGM's fleet breaches 4m teu to close in on second-largest carrier, Maersk
Russian roulette: Sabotage attacks create a new world order of risk for shipping and its mainstream owners A series of explosions on vessels calling at Russian ports has supercharged risk, but how can shipping price that in?
Second quarter LNG freight market flurry unlikely to change fundamentals, brokers say Shops marshal their thoughts on mid-2025 market, with one saying the sector is 'navigating rough waters'
Excelerate Energy set to upgrade FSRU in Brazil with reliquefaction unit Company's newbuilding launched in South Korea as name of as-yet unemployed unit filters out
HFW partners set for bigger pay-outs as profit hits new record Shipping and insurance law firm also pushes up revenue to all-time high
Pirate attacks on shipping up 50% in first half of 2025 Incidents in Singapore Straits make up 63% of total
Twenty crew members missing from Greek bulker attacked by Houthis Search and rescue operation underway for the Eternity C's seafarers
Fresh delays hit Cyprus LNG terminal project while FSRU awaits 'missing components' Saga of delayed regas unit rumbles on as state-run energy company reveals cost of its stay off Malaysia
Suezmax tankers and LNG carriers buck trend among cautious buyers Veson Nautical says uncertainty and regulatory tightening have been suppressing S&P appetite
Clarion Shipping buys feeder ship for first Nigerian container line New cabotage operator launches with the Ocean Dragon
Newbuild market boosts Kongsberg's maritime revenue and profit growth CEO Geir Haoy sees significant demand for energy-efficient solutions
Houthis renew war on shipping with new tactics and targets Yemeni militant group learns that getting out on the water works, with fewer naval forces to stop them
Global disruption shaping the way owners think about risk, timing and capital, analysts say Veson Nautical analyses how industry has coped in turbulent six months - and what lies ahead
Mediterranean shipping in crisis as migrant flows from Libya surge Situation worsens after breakdown of relations between European Union and Libyan warlord Khalifa Haftar
June performance bodes well for Hoegh Autoliners' second quarter Volumes remained high, prompting Fearnleys to wonder if quarterly performance could best expectations
Investment fund and bank 'to sell' K Shipbuilding after riding order boom South Korean media cite sources saying yard will be offered at KRW 500bn
Shell and BP return to Libya in potential boost for tanker demand New hydrocarbon projects to be assessed in the North African country
Klaveness Combination Carriers trades through Middle East chaos as earnings outstrip MR tankers Norwegian owner deployed more capacity in caustic soda trades during second quarter
LNG rates see 'bumpy upward trend' with record newbuilding deliveries to squeeze seasonality Shops marshal their thoughts on mid-2025 market, with one saying the sector is 'navigating rough waters'
The making of 'Solvang 2.0': The inside story of landmark BlackRock deal Solvang CEO Edvin Endresen sees LPG joint venture as long-term platform for growth
Newbuild market boosts Kongsberg's maritime revenue and profit growth CEO Geir Haoy sees significant demand for energy-efficient solutions
Mastermind in Shell gasoil heist slapped with 25-year jail sentence He and his syndicate had misappropriated close to 154,000mt of MGO worth $78m
Singapore-based Richland Bulk adds two bulkers via Chinese leasing deals With two panamaxes in the bag, dry bulk player now controls a fleet of three vessels
Fujian Highton plans to splash $65m on bulk carriers Upcoming acquisitions will push its secondhand vessel spending over for past year to more than $300m
Japan's Nissen Kaiun pockets $75m from eye-catching sale of large container ship Deal follows delivery of German-owned boxship worth $96m to Economou's TMS Group
June rebound as West Coast containers best East, Gulf ports Containerized imports through U.S. ports staged a modest comeback in June following a sharp drop in May.
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