Union dockworkers and representatives for US Gulf and East Coast ports are expected to resume negotiations on a new master contract on 7 January, just more than a week ahead of the 15 January deadline. Meanwhile, global container shipping major Maersk is encouraging...

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Shipowners continued to invest for a future of lower emissions in 2024, with 600 vessels capable of using alternative fuels ordered (to December 13[i]). The new orders grew the total orderbook by more than 50%, to 1,737 vessels. The in-service alternative-fuelled...

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The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a fifth consecutive session on Friday, aided by firm capesize and panamax vessel rates. The index, which factors in rates for capesize, panamax and...

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HD Hyundai Chairman Kwon Oh-gap urged employees across the group’s heavy industry affiliates to stay vigilant as protectionist policies intensify globally. However, he also emphasized the need to seize the newly-found opportunity to grow the shipbuilding business —...

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The country’s shipbreaking industry is going to implement the minimum wages for its workers, set by the Ministry of Labour and Employment, from tomorrow (1 January 2025), the first day of 2025. Mohammad Siddique, secretary of the Bangladesh Ship Breakers and Recyclers...

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