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NIBC reaches agreement on the sale of its shipping portfolio to Hamburg Commercial Bank

NIBC reaches agreement on the sale of its shipping portfolio to Hamburg Commercial Bank

NIBC announces that it has reached agreement to sell its shipping portfolio to Hamburg Commercial Bank (HCOB). This divestment enables...
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Asia Fuel Oil-HSFO premium eases; VLSFO steady in quiet trade

Asia Fuel Oil-HSFO premium eases; VLSFO steady in quiet trade

Spot premiums for 380-cst High Sulphur Fuel Oil (HSFO) retreated in Asia on Monday, while Very Low Sulphur Fuel Oil...
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Baltic index falls as larger vessel rates dip

Baltic index falls as larger vessel rates dip

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Monday, weighed...
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Celebrating seafarers worldwide on 25 June: International Day of the Seafarer

Celebrating seafarers worldwide on 25 June: International Day of the Seafarer

On the International Day of the Seafarer, IMO Secretary-General Mr. Arsenio Dominguez pays tribute to the 2 million seafarers who...
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Red Sea gives shipping an Uber-style price surge

Red Sea gives shipping an Uber-style price surge

Anyone who has tried to secure an Uber at a busy time of day will have experienced the ride-hailing app’s...
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Asia Fuel Oil-VLSFO dips; bunker demand cautious after oil spill

Asia Fuel Oil-VLSFO dips; bunker demand cautious after oil spill

Spot premiums for Very Low Sulphur Fuel Oil (VLSFO) softened in Asia on Friday, while the market eyed cautious demand...
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Trafigura charters supertanker to load gasoil from Mideast

Trafigura charters supertanker to load gasoil from Mideast

Global commodities trader Trafigura loaded diesel onto a supertanker in the Middle East this week, taking advantage of lower freight...
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Baltic index logs weekly gain on strong capesize demand

Baltic index logs weekly gain on strong capesize demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Friday to...
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ARA fuel stocks fall on the week, Insights Global data shows

ARA fuel stocks fall on the week, Insights Global data shows

Refined oil products stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by nearly 4%...
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China, US push for green international shipping corridor

China, US push for green international shipping corridor

China and the United States are pushing for the green, low-carbon, and sustainable development of the international shipping industry. The...
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Hong Kong: Government proposes amendments to update regulations on merchant shipping safety to comply with international standards

Hong Kong: Government proposes amendments to update regulations on merchant shipping safety to comply with international standards

The Government gazetted a proposal comprising the introduction of a new Merchant Shipping (Safety) (Ships Carrying Industrial Personnel) Regulation under...
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India’s May oil imports: Russia at record high, Saudi lowest in 10-mth

India’s May oil imports: Russia at record high, Saudi lowest in 10-mth

India’s oil imports from Russia rose to a record of about 2.1 million barrels per day (bpd) in May as...
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Rare LNG vessel sails through Red Sea amid Houthi attacks, data shows

Rare LNG vessel sails through Red Sea amid Houthi attacks, data shows

The first Liquefied Natural Gas (LNG) tanker since January is sailing through the Red Sea, just days after Yemen-based Houthi...
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Wintermar Offshore Investing More in the OSV Market

Wintermar Offshore Investing More in the OSV Market

PT Wintermar Offshore Marine Tbk (WINS:JK) has invested US $13.9 million out of total planned capex of US $35 million...
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Finally, carriers add more loops, cancel fewer sailings

Finally, carriers add more loops, cancel fewer sailings

Are carrier services getting more predictable? In a volatile, under-supplied market, it is a nice feeling when you perceive that...
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Beware a potential flaw in index-linked ocean container shipping contracts, which could cost millions of dollars

Beware a potential flaw in index-linked ocean container shipping contracts, which could cost millions of dollars

Index-linked contracts are becoming increasingly popular in ocean freight container shipping, but some contain a potential flaw that could cost...
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China’s oil imports from Russia fall to seven-month low

China’s oil imports from Russia fall to seven-month low

Russia’s crude oil exports to China in May fell to a seven-month low, official data showed on Thursday. Supply via...
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Singapore to seek compensation from ship owner for oil spill, media reports say

Singapore to seek compensation from ship owner for oil spill, media reports say

Singapore will seek compensation for the costs incurred in an oil spill last week from the owners of the stationary...
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New Monna Lisa Vessel to Cut Tonnes Of CO2 And VOC Emissions By Opting For International® Marine Coatings Solutions

New Monna Lisa Vessel to Cut Tonnes Of CO2 And VOC Emissions By Opting For International® Marine Coatings Solutions

International®, AkzoNobel’s marine coatings brand, has today announced that a new cable-laying vessel, the Monna Lisa, owned by Prysmian, is...
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India approves $9-billion port to boost trade with Europe

India approves $9-billion port to boost trade with Europe

India’s cabinet approved the development on Wednesday of a new deep-water port that the government said will be a crucial...
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