India’s economic growth in the current financial year is resilient and, together with the recovery in China, will power a 4.6% growth in Asia, up from 3.8% in the year before, the Washington-based International Monetary Fund said in its regional...

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“During the COVID-19 pandemic liner operators increased the average sailing speed by up to 4% due to strong demand and widespread port congestion. Today, the situation is very different and in the first quarter of 2023 the average sailing speed has slowed to 13.8...

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Hapag-Lloyd AG shareholders approved today with the required majority all items on the agenda put to the vote at the Annual General Meeting. This included the appropriation of the net profit and thereby the payment of a dividend of EUR 63 per share. “We look back...

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Deepwater drillers Transocean and Valaris see a bright outlook for rig assets in global markets over the next few years, with increasing demand from recent discoveries and development projects as supply continues to tighten, the companies’ CEOs said in separate first...

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India slightly decreased its Urals oil buying in April compared to record imports in March, while China increased its share of the Urals market, Refinitiv Eikon data showed and traders said. Increased competition between the two buyers over the last month drove prices...

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Washington’s response to the recent seizure of a US-bound oil tanker by Tehran will determine whether regional trade flows will be disrupted and shipping insurance premiums hike, some industry analysts said. At about 1:15 pm local time April 27, the Marshall...

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