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U.S. trade balance shows improvement, boosts economic optimism

The United States’ trade balance has shown a marked improvement, according to the latest economic data. The trade balance, which measures the difference in value between the country’s imports and exports, recorded a deficit of $54.50 billion. This figure is notably...
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INTERCARGO Urges Vigilance and Reaffirms Priority on Seafarer Safety as Security Risks Escalate in Middle East Gulf and Strait of Hormuz

The International Association of Dry Cargo Shipowners (INTERCARGO) has expressed deep concern over the rapidly evolving security situation in the Gulf waters and the Strait of Hormuz, stressing that the safety and wellbeing of seafarers must remain the industry’s...
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LNG Bunker Snapshot: Prices spike as Middle East crisis rattles global supply

LNG bunker prices in Rotterdam and Singapore have surged sharply as Middle East tensions, disruptions to Qatar’s LNG exports and risks to shipments through the Strait of Hormuz fuel a sharp market rally. Weekly changes in LNG bunker prices: Rotterdam up by $371/mt to...
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Gard and NAVTOR partner to launch Gard Insights on NavStation

Gard and NAVTOR partner to launch Gard Insights on NavStation
For those at sea, every decision counts, and in the dynamic world of shipping, timely access to the right information can make all the difference. That’s why Gard and NAVTOR have partnered to launch Gard Insights on NavStation. This is a major step toward making loss...
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MOL Acquires Stake in V.Ships France, Expands LNG Fleet Under Management

V.Group, the global ship manager and marine services provider, has today announced a strategic partnership with shipping company Mitsui O.S.K. Lines, Ltd (MOL) under which V.Ships will assume full technical management of two of MOL’s state-of-the-art newbuild LNG...
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OPEC Retains Oil Forecast, Says Saudi Arabia Increased Oil Production Prior to Iran War

Crude Oil Price Movements In February, the OPEC Reference Basket (ORB) value increased by $5.59/b, month-on-month (m-o-m), to average $67.90/b. The ICE Brent front-month contract increased by $4.64/b, m-o-m, to average $69.37/b, and the NYMEX WTI front-month contract...
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