In a significant move to bolster South Korea’s shipbuilding industry, Minister of Trade, Industry and Energy Ahn Duk-geun and Financial Services Commission Chairman Kim Joo-hyun convened a “K-Shipbuilding Export Finance Support Agreement Ceremony” and a “Shipbuilding...

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Cushman & Wakefield’s (NYSE: CWK) latest report on U.S. Ports shows 13 key port-proximate industrial real estate markets have experienced cooling demand coupled with rising vacancy rates and tempered rent growth. While these trends mirror the U.S. macro trends,...

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SRC Group and GREEN MARINE have signed a collaborative agreement which brings two of the strongest advocates of methanol as a marine fuel together to develop and deliver Methanol Superstorage to market. The cooperation aims to realise benefits available to SRC’s...

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Singapore and Southeast Asia Lead times for VLSFO in Singapore have fluctuated lately, with most suppliers now indicating up to 17 days. However, some can accommodate stems within seven days. This reflects tightness compared to the previous week, when traders...

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Tymor Marine, a maritime technology and naval architecture consultancy based in Aberdeen, UK, has signed a Memorandum of Understanding (MoU) with the global humanitarian charity Mercy Ships. The MoU establishes an ongoing partnership between the two organisations. It...

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The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level in more than a month on Tuesday as rates for capesize and supramax vessels increased. The overall index, which factors in rates for...

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