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BIMCO: More Clarity Needed on Maritime Trade Security Guarantees in the Middle East

The announcement from US President Donald Trump about selling “political risk insurance and guarantees for the Financial Security of all maritime trade, especially energy, traveling through the Gulf” has yet to be explained in full. Depending on the details of the...
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Shipping for oil tankers 4-5x higher in Strait of Hormuz says global shipping CEO

Stamatis Tsantanis, Chairman & CEO of global shipping company Seanergy Maritime and United Maritime says the closure of the Strait of Hormuz has already led to a four to five times increase in freight rates for tankers and significant shortages in the global...
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Container freight from West Coast India to Middle East hits record high amid war

Container shipping rates from the west coast of India to the Middle East hit record highs, with twenty-foot equivalent unit rates up 750% and forty-foot equivalent unit rates up 909% as of March 2, driven by the war in the Middle East. Platts, part of S&P Global...
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Chhattisgarh horror: Teen lured on outing, gang-raped and filmed in Balod; 2 arrested, juvenile detained

Chhattisgarh horror: Teen lured on outing, gang-raped and filmed in Balod; 2 arrested, juvenile detained
RAIPUR: In a grisly incident raising fears over women’s safety, a 16-year-old girl was allegedly gang-raped by three youths in Chhattisgarh’s Balod district. Though the incident took place on Sunday, the matter came to light on Tuesday. Among the accused...
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Canadian Sikh biker from Punjab dies in road accident during world tour in Peru

Canadian Sikh biker from Punjab dies in road accident during world tour in Peru
BATHINDA: A Punjab native living in Canada died in a motorcycle accident in Peru while on a solo world tour, family members confirmed on Tuesday. Raghbir Singh Bharowal, 42, originally from Punjab and residing in Surrey, Canada, was a regulated Canadian immigration...
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