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Asia will continue to dominate global refinery coking capacity additions through 2027, says GlobalData

Asia will continue to dominate global refinery coking capacity additions through 2027, says GlobalData

Asia is set to witness the highest refinery coking capacity additions among all regions during 2023 and 2027, contributing about...
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Prices and higher well productivity drive up U.S. crude oil production forecast

Prices and higher well productivity drive up U.S. crude oil production forecast

In our August Short-Term Energy Outlook (STEO), we increased our forecast for U.S. crude oil production in the Lower 48...
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Asia Fuel Oil-HSFO crashes as earlier rally fizzles out

Asia Fuel Oil-HSFO crashes as earlier rally fizzles out

Asia’s high sulphur fuel oil (HSFO) weakened sharply on Thursday, a sign that the rally in early August had lost...
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Frontline Sees Spot TCEs for the full third quarter of 2023 to be lower than the TCEs currently contracted

Frontline Sees Spot TCEs for the full third quarter of 2023 to be lower than the TCEs currently contracted

Frontline plc, reported unaudited results for the six months ended June 30, 2023: Highlights Highest second quarter profit since 2008...
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Iron ore retreats after multi-session rally

Iron ore futures fell on Thursday as traders locked in gains following Singapore prices’ longest rally since June and the...
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Waning vessel demand drags Baltic index lower

Waning vessel demand drags Baltic index lower

The Baltic Exchange’s main sea freight index recorded its lowest level in more than eight weeks on Thursday, as demand...
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Kongsberg Digital and Shell Marine deepen their collaboration by adding the LubeMonitor application to the marketplace

Kongsberg Digital and Shell Marine deepen their collaboration by adding the LubeMonitor application to the marketplace

Currently used by Shell Marine Lubricants customers, LubeMonitor will become available to shipowners and operators through Kongsberg Digital’s marketplace for...
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California container port volumes diverge amid continued market uncertainty

California container port volumes diverge amid continued market uncertainty

Key California ports of Los Angeles/Long Beach and Oakland showed divergent trends as weak market fundamentals have led to volatile...
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COSCO SHIPPING announces “For For Tune”, a new digital end-to-end supply-chain solution for shipping cargo from Europe to China

COSCO SHIPPING announces “For For Tune”, a new digital end-to-end supply-chain solution for shipping cargo from Europe to China

From 26th August, COSCO SHIPPING is starting “For For Tune”, a new digital end-to-end supply chain solution for shipping cargo...
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Iron ore retreats after multi-session rally

Iron ore futures fell on Thursday as traders locked in gains following Singapore prices’ longest rally since June and the...
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Asia Fuel Oil-Cash differential for 380-cst HSFO eases

Asia Fuel Oil-Cash differential for 380-cst HSFO eases

Asia’s cash differential for 380-cst high sulphur fuel oil (HSFO) showed signs of easing on Wednesday after holding steady since...
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Iraq, Turkey yet to agree on northern oil exports resumption – sources

Iraq, Turkey yet to agree on northern oil exports resumption – sources

Iraq’s oil minister and his Turkish counterpart did not reach an agreement to immediately resume Iraq’s northern oil exports but...
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Iron ore extends rally on China demand optimism

Iron ore extends rally on China demand optimism

Iron ore futures extended gains on Wednesday, with prices in China surging more than 5%, as optimism grew about demand...
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Ukraine says it has exported 3.83 mln T grain so far in 2023/24

Ukraine says it has exported 3.83 mln T grain so far in 2023/24

Ukraine’s grain exports have reached 3.83 million metric tons so far in the 2023/24 July-June season, Agriculture Ministry data showed...
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Korea’s Shipbuilding Order Backlog Hits 12-year High in H1

Korea’s Shipbuilding Order Backlog Hits 12-year High in H1

Shipbuilding exports are taking the lead in Korea’s exports in the first half of the year. During this span, Korea’s...
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Insurers raise premiums for Black Sea tankers as tensions mount – traders

Insurers raise premiums for Black Sea tankers as tensions mount – traders

Insurance companies have notified charterers of ships operating in Russia’s Black Sea ports of an increase in additional payments known...
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Lower capesize, panamax rates weigh on Baltic index

Lower capesize, panamax rates weigh on Baltic index

The Baltic Exchange’s main sea freight index fell for a fourth straight session on Wednesday, pressured by losses in the...
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Global container port performance: All regions show y/y decline in call size

Global container port performance: All regions show y/y decline in call size

S&P Global Market Intelligence is launching a new quarterly report, titled “Port Performance Program: Global Quarterly Analysis Summary.” The report...
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Sea and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping Partner to Power Better Decisions and Enable Sustainable Shipping

Sea and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping Partner to Power Better Decisions and Enable Sustainable Shipping

Maritime software provider Sea and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) formalized their collaboration by signing...
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Dardanelles shipping suspended as Turkey battles wildfire

Dardanelles shipping suspended as Turkey battles wildfire

Firefighters battled a forest fire in northwest Turkey for a second dayon Wednesday, prompting mass evacuations and causing shipping to...
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