On Thursday, the German EMS Group celebrated the name giving ceremony of the EMS Luna, the fifth of a series of up to ten new buildings. The modern, versatile, and efficient general cargo ships are built at the KTU Shipyard in Batam, Indonesia, and are ideal for...

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For ocean freight forwarders, tariffs are not abstract policy tools. Every new duty or exemption can disrupt sailing schedules, alter customer demand, and reshape contract economics. In recent months, tariff changes have even led shippers to cancel or postpone...

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In September, global crude and condensate exports reached near-peak levels of over 45mbd, similar to those seen in April 2020 when the OPEC+ group disagreed on a drastic production cut in March 2020. The collapse of cooperation within the OPEC+ group in March 2020 led...

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China will slap port fees on U.S.-owned, operated, built, or flagged vessels on Tuesday as a countermeasure to U.S. port fees on China-linked ships starting the same day, China’s transport ministry said on Friday. Later in the day, U.S. President Donald Trump said he...

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The United States Trade Representative’s office said on Friday it would modify certain maritime-related fees for foreign-built vehicle carriers and liquefied natural gas vessels ahead of port fees on China-linked ships slated to go into effect next week. USTR said in...

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LR2 freight levels dipped this week in the MEG with reports of low enquiry levels. The TC1 75kt MEG/Japan index dropped from WS118.33 to WS108.06 over the course of the week, the corresponding TCE returns went from $22,954/day to $19,684/day basis Baltic Description....

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