Iron ore futures prices slid on Monday after some investors and traders liquidated long positions to cash in profits on bets of faltering consumption amid seasonally slack steel demand in top consumer China. Meanwhile, global iron ore shipments climbed 8.4%...

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Asia’s Very Low Sulphur Fuel Oil (VLSFO) benchmarks inched lower on Monday, retaining downside risks along with bunker fuel premiums which were near year-to-date lows, trade sources said. Cash premium for VLSFO was pegged at a premium of $4.26 a metric ton, slightly...

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Member States adopted last Friday Council conclusions calling for a maritime industrial strategy to enhance the competitiveness of the sector. European shipowners welcome the call by Member States on the need for a European maritime industrial strategy that supports...

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Mitsui O.S.K. Lines, Ltd. and its group company MOL Dry bulk Ltd. yesterday announced their intent to install wind propulsion systems including Wind Challenger on a total of seven new building bulk carriers and multi-purpose vessels, which will be operated by MOL Dry...

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Asia’s imports of Liquefied Natural Gas (LNG) are displaying contrasting dynamics in May, with strength in usually price-sensitive buyers like India, but a softer trend in the developed economies such as Japan and South Korea. The top-importing continent is on track...

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Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to Seaspan Corporation for its innovative Next Generation Feeder Ship Design. The vessel, measuring 198 m in length and developed by Technolog, is future-proofed in its design and can be efficiently...

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