Mitsui O.S.K. Lines, Ltd. announced that it has obtained Approval in Principle (AiP) from Bureau Veritas, a French classification society (President, Marine & Offshore: Matthieu de Tugny); Head office: Paris, France, for the basic design of a ship network with...

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The spot market for high sulphur fuel oil (HSFO) remained under pressure on Thursday as Russian supplies continued to flood the East of Suez region, ahead of the European Union’s Feb. 5 embargo on refined products. The 180-cst HSFO cash differential fell to a discount...

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Container freight rates will keep declining in the current realignment of shipping demand and supply, said the chief executive of Germany’s liner Hapag Lloyd, the world’s number five by transport capacity. “The party is over. We are back to a normal shipping...

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Accelerating digital development and evolving expectations are driving rapidly rising demand for maritime connectivity, presenting both challenges and opportunities for the global shipping industry. The shipping industry needs to take a strategic approach to...

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The Baltic Exchange’s dry bulk sea freight index dropped to its lowest level in more than two years on Thursday, pressured by slowing demand for capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping...

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