Oil shipping rates are facing downward pressure from seasonal demand weakness after experiencing their largest volatility in recent years, with tanker operators resuming normal trading patterns while a fragile Iran-Israel ceasefire holds, according to industry data...

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The Baltic Exchange’s main sea freight index slipped to an almost three-week low on Monday, pressured by softer capesize rates, though it still posted a gain for the month. The main index dropped 32 points, or 2.1%, to 1,489 points, its lowest level since June 4. The...

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A long-standing case of crew abandonment due to a legal deadlock has finally been resolved, thanks to the proactive intervention of the Directorate General of Shipping and support of International Transport Workers’ Federation (ITF) and the National Union of...

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This happened because DG Shipping, Govt. of India took bold initiative with support from Industry, NUSI, ITF & Indonesian Embassy. Two Indian Seafarers who replaced the Indonesians seafarers., were placed on-board as replacement crew as per MS Notice 6 of 2016 on...

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Africa will be self-sufficient in fertilizer within 40 months, Nigerian billionaire Aliko Dangote said on Friday, on the basis of a planned expansion of his $2.5 billion plant on the outskirts of Lagos. Africa currently imports over 6 million metric tons of fertilizer...

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TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today that the application of Rubico Inc. (“Rubico”), to list its common shares on the Nasdaq Capital Market has been approved. In addition, the registration...

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