Grain ships diverted from Red Sea; Russia sets export taxes

More ships carrying grain were diverted from the Suez Canal to sail around the Cape of Good Hope this week as concern about attacks on vessels in the Red Sea continued, shipping analysts said. EXPORT TAXES: Russia’s Agriculture Ministry set grain export taxes for...
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Drewry: Dry Bulk Equity Index on the Rise

In January, Drewry’s Dry Bulk Equity Index rose 2.1% due to the intensifying conflict in the Red Sea which is taking the TCE rates higher than expected. The index outperformed the S&P 500 which rose 1.6% during the same time. Diana Shipping is continuing with its...
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IMO Secretary-General sets fresh agenda for maritime

IMO Secretary-General Arsenio Dominguez shared the Organization’s plans and focus areas for the next four years, with the aim of ensuring safer, more secure and environmentally friendly shipping. Speaking at a press conference at IMO Headquarters in London, Mr....
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Dalian iron ore near one-week high on property demand hope

Iron ore futures in China climbed to near a one-week high on Thursday, on hope of better demand from the property market as China signalled some support to the struggling sector. The most-traded May iron ore on China’s Dalian Commodity Exchange (DCE) closed up 2.4% at...
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