China to regulate steel exports with a licence system

The world’s largest steel producer, China, plans to roll out a licence system from 2026 to regulate exports of the metal, as robust shipments have fuelled a growing protectionist backlash worldwide. Exporters of some 300 steel items will have to apply for licences on...
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Edison expands its ship fleet

Edison expands its ship fleet
Edison announces that it has signed a contract with shipowner Knutsen OAS Shipping for the long-term charter of a new 174,000 cubic meter vessel for the transport of liquefied natural gas (LNG). The contract was signed at the shipowner’s headquarters in Haugesund,...
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Xeneta Ocean Container Shipping Market Update

Xeneta Ocean Container Shipping Market Update
This update uses ocean container shipping data and intelligence from Xeneta and eeSea. Peter Sand, Xeneta Chief Analyst “Looking at the fundamentals of supply and demand on major fronthaul trades right now and it doesn’t stack up, so something has to give. Spot rates...
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VLCC Tanker Market Steadied Last Week

Clean LR2 MEG LR2’s remained stable this week The TC1 75kt MEG/Japan index stood resolute at the WS155 mark or thereabouts. This kept the corresponding TCE around the $37,000-39,000/day Baltic description round trip. A voyage west on TC20 90kt MEG/UK-Continent also...
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