Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude oil tankers to present an insurance confirmation letter before transiting Turkish straits. The Turkish measures, which came into...

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The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday to its lowest level in a week, weighed down by a drop in capesize and panamax segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk...

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Despite the challenges of Covid-19 and port congestion, container terminal operators were successful in improving their profit margins in 2021 and 2022. However, the ports industry now faces the dual challenge of skyrocketing costs and market downturn, which will...

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The ship recycling market has had a positive week after a long time, thanks to a renewed supply of vintage tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week has seen a strong supply of smaller container units circulated into...

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His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, inaugurated Khalifa Port’s expansion – a major development project with a total investment of AED 4 billion. His Highness was briefed by His Excellency Falah Mohammed Al Ahbabi, Chairman of AD...

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