A China-flagged cargo ship sank in the Strait of Tartary off the coast of Russia’s Sakhalin island, the press service of Russia’s Federal Agency for Maritime and River Transport told TASS on Wednesday, adding there were no casualties. “The crew of 21 citizens of the...

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Britain’s competition regulator CMA said on Wednesday it had decided to provisionally clear U.S. company Viasat’s VSAT.O buyout of Inmarsat following an in-depth review. The CMA said the deal would not substantially reduce competition in the provision of wifi on...

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India’s state-run Indian Oil Corp. has released a VLCC – after being briefly placed on subjects – when it was learnt that the super tanker was controlled by a Hong Kong-based commercial operator, as stringent government restrictions debar use of China-linked ships to...

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The International Chamber of Shipping (ICS) and Suez Canal Authority (SCA) extend landmark agreement. The extension to the agreement, initially signed in May 2022 ahead of the COP27 meeting and intended to be a year-long commitment, signifies an ongoing commitment to...

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Asia’s high sulphur fuel oil (HSFO) market firmed on Wednesday as strong bids emerged on the first day of a new trading month, while the very low sulphur fuel oil (VLSFO) market continued to retain downward pressure amid soft demand. The spot 180-cst cash differential...

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World merchandise trade growth appears to have lost momentum in the fourth quarter of 2022 and is likely to remain weak in the first quarter of 2023, according to the latest WTO Goods Trade Barometer issued on 1 March. The overall barometer index continues to point to...

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