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Oil Tanker Sounion ‘Poses Environmental Risk’ After Red Sea Attack

A Greek-flagged oil tanker carrying 150,000 tonnes of crude that was evacuated by its crew after being attacked in the Red Sea now poses an environmental hazard, the EU’s Red Sea naval mission “Aspides” said on Thursday. Sounion was targeted on Wednesday by multiple...
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Kongsberg Maritime Expands Rim Drive Azimuth Thruster Range With New RD-AZ-2300

Kongsberg Maritime, a world leader in maritime technology, today announced the launch of its new Rim-drive Azimuth Thruster, the RD-AZ-2300. This latest addition to the company’s range of electric propulsion solutions fills a gap in the market, offering a powerful and...
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Asian LSFO Refining Margin Soars To Near 5-Month High, Market Structure Strengthens

Asian LSFO Refining Margin Soars To Near 5-Month High, Market Structure Strengthens
Asia’s Low Sulfur Fuel Oil Refining margins surged to its highest level in nearly five months, while the market structure for the IMO 2020-compliant marine fuel grade also strengthened to its widest backwardation since early March, buoyed by tight prompt...
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Baltic Index Hits Near Four-Week High As Capesize Rates Jump

The Baltic Exchange’s dry bulk sea freight index, BADI, which tracks rates for ships carrying dry bulk commodities, rose to its highest in close to four weeks, propelled by gains in Capesize vessels. * The overall index. BADI, which factors in rates for...
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Ukraine grain exports jump to 6 mln T so far 2024/25, says ministry

Ukraine grain exports jump to 6 mln T so far 2024/25, says ministry
Ukraine’s grain exports in the 2024/25 July-June season had reached 6 million metric tons as of Aug. 21, up from 3.6 million tons by the same date of the previous season, agriculture ministry data showed on Wednesday. The volume included 2.8 million tons of...
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Singapore gasoil swap crack hits near 3- month low as regional stocks remain long

The Singapore ultra low sulfur gasoil front month swap crack against front month Dubai swap was at its weakest in nearly three months Aug. 20 as regional stockpiles remained high despite lower export volumes from China. Platts, part of S&P Global Commodity...
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