Oil exports from Russia’s Baltic ports, Primorsk and Ust-Luga, were set at 1.6 million tonnes for August 1-10, down from 1.8 million tonnes during the same period of July, two traders citing loading data said on Wednesday. Russia’s Baltic crude oil loadings, including...

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HD Hyundai, which has an unrivaled presence in the world marine engine market, has further strengthened its position with the acquisition of STX Heavy Industries. This acquisition has enabled HD Hyundai to solidify its competitive advantage over Hanwha Ocean in the...

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Phillips 66 (NYSE:PSX) reported a sharp fall in second-quarter profit on Wednesday, the latest U.S. refiner to bear the brunt of a decline in margins from last year’s sky-high levels when Russia’s invasion of Ukraine squeezed fuel supplies. Refiners’ margins were...

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The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a five-session winning streak on Wednesday, on a dip in capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping...

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