On Sunday, 12 May, the 15-metre yacht “Alboran Cognac” sank in the southern entrance to the Strait of Gibraltar after being damaged by orcas. The crew were safely rescued. This is the latest in a series of incidents in recent years where individuals from this...

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Global supply chains are braced for further disruption and increasing costs after US President, Joe Biden announced new tariffs on Chinese imports. The tariffs will be imposed on a wide range of Chinese imports including semi-conductors, batteries, EVs and solar...

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The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commodities slipped to a more than one-week low on Tuesday, pressured by weaker demand across all vessel segments. The overall index, which factors in rates for capesize,...

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Iran has released seven crew members of a Portuguese-flagged container ship seized in the Gulf on 13 April, according to a statement by Lisbon on Thursday. Seventeen of the 25-member crew still remain on board as Tehran accuses the ship of being associated with...

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Mitsui O.S.K. Lines, Ltd. announced that MOL (Asia Oceania) Pte. Ltd. (Managing Director: Jotaro Tamura; Head Office: Singapore), MOL’s regional headquarters for Southeast Asia and Oceania, has decided to participate in a new frozen and refrigerated warehouse...

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Asian spot liquefied natural gas prices rose this week on stronger demand amid high temperatures in north and south China, pushing European buyers to bid at relatively narrow discounts to attract sellers. The average LNG price for June delivery into north-east Asia...

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