The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell to its lowest since mid-February on weaker rates for all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping...

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There was no surprise that a top meeting of OPEC+ ministers opted to keep output policy unchanged since the global crude oil market is almost exactly where the exporter group wants it. OPEC+’s ministerial committee on Wednesday kept the current output targets but did...

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South Korean shipbuilding giant, Hyundai Heavy Industries Group, is interested in buying a stake in rival Daewoo Shipbuilding & Marine Engineering, a Hyundai official told Reuters on Wednesday. State-funded Korea Development Bank (KDB) holds a 55.7 percent stake...

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ClassNK has issued a type approval certificate*1 for the lithium-ion storage battery system “ORCA Energy” developed by Corvus Energy. Recently, the utilization of lithium-ion storage batteries as ship’s main sources of electrical power has been increasing in response...

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The United States has not asked India to cut Russian oil imports as the goal of sanctions and the G7-imposed $60 per barrel price cap is to have stable global oil supplies while hitting Moscow’s revenue, an American treasury official said on Thursday. India has...

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The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged lower on Wednesday, pressured by lower rates for panamax and supramax vessel segments. The overall index, which factors in rates for capesize, panamax and...

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