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Global crude exports dip as trade routes reshuffle again

Global crude exports dip as trade routes reshuffle again

The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed,...
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Navig8 Announces Completion of 80% Acquisition by ADNOC L&S for $1.04 Billion

Navig8 Announces Completion of 80% Acquisition by ADNOC L&S for $1.04 Billion

Navig8 TopCo Holdings Inc. announced that it has been acquired by ADNOC Logistics and Services plc (ADNOC L&S) (ADX symbol:...
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Container ship order book hits new record high of 8.3m TEU

Container ship order book hits new record high of 8.3m TEU

“At the end of 2024, the container ship order book was 8.3m TEU, a new record compared with the previous...
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S. Korea: Shipyard workers protest increased visa quota for migrant laborers

S. Korea: Shipyard workers protest increased visa quota for migrant laborers

Conflict is intensifying in the Korean shipbuilding industry following the government’s recent decision to maintain an expanded quota for migrant...
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India: Shipping to get infrastructure status to boost domestic shipbuilding and ownership

India: Shipping to get infrastructure status to boost domestic shipbuilding and ownership

The government may grant infrastructure status to the shipping industry to help improve India’s position to the top five countries...
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Mental Health Support Solutions Extends its Services to the Families of Seafarers

Mental Health Support Solutions Extends its Services to the Families of Seafarers

Mental health provider, Mental Health Support Solutions (MHSS), member of OneCare Group (OCG), has taken its commitment to the welfare...
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The Hood Unveils Key Predictions for 2025

The Hood Unveils Key Predictions for 2025

will fuel the collective stress and anxiety many will feel. “The maritime industry is at a critical juncture,” said Ms...
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Navigator Gas Announces Completion of Morgan’s Point Ethylene Export Terminal Expansion and Acquisition of Three Handysize Liquefied Ethylene Gas Carriers

Navigator Gas Announces Completion of Morgan’s Point Ethylene Export Terminal Expansion and Acquisition of Three Handysize Liquefied Ethylene Gas Carriers

Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces the completion...
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Asia Fuel Oil: Spot differentials slip in bearish fundamentals

Asia Fuel Oil: Spot differentials slip in bearish fundamentals

Spot differentials for fuel oil fell on Tuesday, weighed by plentiful supplies and slow demand, trade sources said. High sulphur...
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Evolving trade routes dampen demand for ultra large containers

Evolving trade routes dampen demand for ultra large containers

According to industry data, the demand for Ultra Large Container Vessels (ULCVs) has decreased as shipping companies shift to smaller,...
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China’s 2025 iron ore imports set to hit new high even as steel demand dwindles

China’s 2025 iron ore imports set to hit new high even as steel demand dwindles

China’s iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the...
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US adds shipping major COSCO to list of companies working with China’s military

US adds shipping major COSCO to list of companies working with China’s military

The US government has labeled shipping company COSCO, technology giant Tencent and battery manufacturing company CATL as ‘Chinese miliary company’,...
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Baltic index extends losses on lower capesize, supramax rates

Baltic index extends losses on lower capesize, supramax rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended declines on...
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ITD Cementation set to win Vadhvan Port EPC contract

ITD Cementation set to win Vadhvan Port EPC contract

ITD Cementation India Ltd, a unit of Adani Group, is set to win a contract to undertake nearshore reclamation and shore protection works on engineering,...
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Maersk asks customers to remove cargo before strike at US ports

Maersk asks customers to remove cargo before strike at US ports

Shipping giant AP Moller-Maersk has urged customers to pick up their laden containers and return the empty ones at the...
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HC orders release of Singaporean cargo ship from Paradip Port

HC orders release of Singaporean cargo ship from Paradip Port

The Orissa High Court, which had earlier issued direction for ‘arrest’ of MV Propel Fortune vessel over a monetary dispute,...
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Shanghai port starts methanol bunkering operation in 2025

Shanghai port starts methanol bunkering operation in 2025

On the 1st of January, 2025, ship Haigang Zhiyuan completed a 3000-ton methanol bunkering operation for the ship Anne Maersk...
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Singapore port sets new record with over 40M TEUs in 2024

Singapore port sets new record with over 40M TEUs in 2024

PSA Singapore (PSA) has set a new record, handling over 40 million TEUs in 2024, surpassing PSA’s previous annual high...
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Colombo dockyard completes damage repair to container vessel Lobivia

Colombo dockyard completes damage repair to container vessel Lobivia

Colombo Dockyard recently repaired the Singapore-flagged container vessel Lobivia, which had sustained damage after being struck while navigating the Gulf of...
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Construction on Marina development will begin in Port City

Construction on Marina development will begin in Port City

Construction will begin on the Port City in Colombo’s Marina development, which is expected to be a major value addition...
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