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Asia Fuel Oil VLSFO Premium Extends Climb, Backwardation Widens

Asia Fuel Oil VLSFO Premium Extends Climb, Backwardation Widens

Spot premium for Very Low Sulphur Fuel Oil (VLSFO) extended its uptrend on Tuesday as bids remained strong, while backwardation...
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Chinese State Shipbuilders Plan Merger

Chinese State Shipbuilders Plan Merger

HONG KONG -- Two listed Chinese state-owned shipbuilders announced Monday that they are preparing for a merger. The move could...
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Container Ships Dominating-Newbuilding-Orders

Container Ships Dominating-Newbuilding-Orders

Container ships have been the "darlings" of the new building market. In its latest weekly report, shipbroker Banchero Costa said...
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Good Collaboration Leads to Shipping Decarbonizations

Good Collaboration Leads to Shipping Decarbonizations

In May 2024, Deltamarin finished a three-year EU-funded project called CHEK. Project CHEK involved 15 consortium partners and focused on...
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Baltic Index Extends Gains on Strong Capesize Demand

Baltic Index Extends Gains on Strong Capesize Demand

The Baltic Exchange's dry bulk sea freight index. BADI tracking rates for ships carrying dry bulk commodities extended gains on Tuesday,...
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Stena becomes sole owner of NTEX

Stena becomes sole owner of NTEX

Stena, which previously owned 75 percent of the shares in the transport and logistics company NTEX, has purchased an additional...
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Russian oil product exports via Tuapse to fall in September, traders say

Russian oil product exports via Tuapse to fall in September, traders say

Russian oil product exports from the Black Sea port of Tuapse are set to fall to 0.978 million metric tons...
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Oil exports remain halted at major Libyan ports, say engineers

Oil exports remain halted at major Libyan ports, say engineers

Oil exports at major Libyan ports were halted on Monday and production curtailed across the country, six engineers told Reuters,...
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Inmarsat’s Nexuswave Trialed By Hapag-Lloyd For Enhanced Maritime Connectivity

Inmarsat’s Nexuswave Trialed By Hapag-Lloyd For Enhanced Maritime Connectivity

Inmarsat Maritime, a Viasat company, has announced that global container liner shipping group Hapag-Lloyd is among the first to trial...
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Asia Fuel Oil-VLSFO spot premium hits more than nine-month high

Asia Fuel Oil-VLSFO spot premium hits more than nine-month high

Spot premium for Very Low Sulphur Fuel Oil (VLSFO) hit its highest level in more than nine months on Monday,...
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Survitec SuitXChange Removes Compliance Burdens And Reduces Port Delays

Survitec SuitXChange Removes Compliance Burdens And Reduces Port Delays

Global Survival Technology solutions provider Survitec has introduced a new rental and exchange service to ensure ship operators always have...
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Samskip Advances Zero-Emission Shipping, Partnering With TECO 2030 Retrofitting Samskip’s LNG Vessel Samskip Kvitnos With Hydrogen-Powered Fuel Cells

Samskip Advances Zero-Emission Shipping, Partnering With TECO 2030 Retrofitting Samskip’s LNG Vessel Samskip Kvitnos With Hydrogen-Powered Fuel Cells

Samskip is proud to announce its partnership in the groundbreaking HyEkoTank project, an initiative supported by the European Union’s Horizon...
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COSCO Shipping Development signs deal for 42 bulk carriers

COSCO Shipping Development signs deal for 42 bulk carriers

COSCO Shipping Development has announced its largest shipbuilding and leasing agreement since becoming a shipping finance operator in 2016. The...
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How South China Sea tensions threaten global trade

How South China Sea tensions threaten global trade

The post-COVID era has been punishing for global trade. Lockdowns and factory closures sparked supply chain delays worldwide and helped...
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Baltic index logs best day in 18 months on capesize strength

Baltic index logs best day in 18 months on capesize strength

The Baltic Exchange's dry bulk sea freight index .BADI jumped by more than 10% on Monday to register its best...
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Port, maritime services in Iran grow by 103%

Port, maritime services in Iran grow by 103%

Director General of Planning. Development, and Resource Management at Iran's Ports and Maritime Organization (PMO) said a 103 percent growth...
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Sinopec’s lower throughput target in H2 likely to cap China’s crude imports

Sinopec’s lower throughput target in H2 likely to cap China’s crude imports

China's state-owned Sinopec aims to lower its crude throughput by 1.6% in the second half of 2024 to 5.03 million...
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Ports begin screening for Mpox

Ports begin screening for Mpox

WHO alert On 14 August 2024 the World Health Organization (WHO) declared the mpox (monkeypox) outbreak in parts of Africa...
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Maritime Connectivity Retail Revenues Amounted to $2.1 billion in 2023

Maritime Connectivity Retail Revenues Amounted to $2.1 billion in 2023

"The Future of Maritime Connectivity - 2024". This is the fifth edition of the study, following our highly popular 2022...
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Potential oil spill detected in area next to Sounion tanker in Red Sea – Greece letter

Potential oil spill detected in area next to Sounion tanker in Red Sea – Greece letter

A potential oil spill of 2.2 nautical miles in length has been detected in the area matching the location of...
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