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China pledges financing support for small firms amid weak economic recovery

China pledges financing support for small firms amid weak economic recovery

Chinese ministries, regulators and the central bank on Tuesday pledged more financing support to small businesses, suggesting an urgency among...
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U.S. crude, products supplied rise in May to highest since August 2019 -EIA

U.S. crude, products supplied rise in May to highest since August 2019 -EIA

U.S. product supplied of crude and petroleum products, a proxy for demand, rose to 20.78 million barrels per day (bpd)...
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Iron ore end mixed on China’s stimulus hopes, oversupply concerns

Iron ore end mixed on China’s stimulus hopes, oversupply concerns

Dalian iron ore futures edged up slightly on Tuesday, while Singapore iron ore futures fell with the market responding cautiously...
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Ocean Yield Announces Investment in four product tankers with inaugural sustainability-linked lease

Ocean Yield Announces Investment in four product tankers with inaugural sustainability-linked lease

Ocean Yield AS is pleased to announce that it has agreed to purchase four LR1 product tankers, to be constructed...
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Hanwha Ocean wins $259.9 mln LNG tanker contract from Asian client

Hanwha Ocean wins $259.9 mln LNG tanker contract from Asian client

South Korean major shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering, has won its first LNG tanker...
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Russia says thwarts Ukrainian attacks on navy and civilian ships in Black Sea

Russia says thwarts Ukrainian attacks on navy and civilian ships in Black Sea

Russia’s defence ministry said on Tuesday it had thwarted attacks by Ukrainiansea drones onits navy and civilian ships in the...
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Asia Fuel Oil-HSFO jumps on strong bids, but headwinds loom

Asia Fuel Oil-HSFO jumps on strong bids, but headwinds loom

Asia’s cash differential for high sulphur fuel oil (HSFO) jumped sharply on Tuesday as strong bids emerged, though headwinds loomed...
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Baltic index climbs to over 1-month high on demand for larger vessels

Baltic index climbs to over 1-month high on demand for larger vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a fifth straight...
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Signing Contracts for US$49.3M, PIS (Pertamina) Now Sails across 26 International Routes

Signing Contracts for US$49.3M, PIS (Pertamina) Now Sails across 26 International Routes

PT Pertamina International Shipping (PIS), through its branch office in Dubai, PIS Middle East (PIS ME), has achieved another success...
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Carrier reliance on leased container fleet to support higher per diems and cash returns

Carrier reliance on leased container fleet to support higher per diems and cash returns

Drewry expects the global pool of container equipment to contract by 2% in 2023 as trade growth remains weak and...
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Tankers: Crude Flows Constantly Shifting

Tankers: Crude Flows Constantly Shifting

seaborne crude oil flows keep on changing, with China having recently emerged as major buyer of US crude oil. In...
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Drewry: Port Equity Index Down 0.9%, Despite Stock Market Boom

Drewry: Port Equity Index Down 0.9%, Despite Stock Market Boom

The ongoing rally in the broader S&P is fuelled by the bullish bets placed on the technology stocks, while high...
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Asia Fuel Oil-HSFO margins close at more than one-year highs

Asia Fuel Oil-HSFO margins close at more than one-year highs

Refining margins for high sulphur fuel oil (HSFO) closed the final trading day of the month at more than one-year...
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Iron ore inches higher on fresh China support

Iron ore inches higher on fresh China support

Iron ore futures edged up on Monday after Chinese authorities announced measures to increase consumption, although a sluggish manufacturing sector...
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Canada’s dock workers, employers reach tentative labour deal

Canada’s dock workers, employers reach tentative labour deal

West coast dock workers in Canada and their employers’ association reached a settlement agreement on Sunday night, the parties said...
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Ukraine and Croatia agree on use of Croatian ports for grain exports

Ukraine and Croatia agree on use of Croatian ports for grain exports

Ukraine and Croatia have agreed on the possibility of using Croatian ports on the Danube and the Adriatic Sea for...
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Rhine river levels in Germany close to normal after rain

Rhine river levels in Germany close to normal after rain

Repeated rainfall has raised water levels on the river Rhine in Germany, with much of it back or close to...
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Baltic index rises, logs second straight monthly gain

Baltic index rises, logs second straight monthly gain

The Baltic Exchange’s main sea freight index gained on Monday, posting its second straight monthly gain, supported by an uptick...
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Longshoremen’s union can sue shipping association over port jobs -4th Circ

Longshoremen’s union can sue shipping association over port jobs -4th Circ

A union representing longshoremen was within its rights to sue an association of shipping companies to stop their vessels from...
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OCI Global and X-Press Feeders sign green methanol offtake agreement, decarbonizing a key link in the global shipping chain

OCI Global and X-Press Feeders sign green methanol offtake agreement, decarbonizing a key link in the global shipping chain

OCI Global (Euronext: OCI) and X-Press Feeders have announced that OCI Hyfuels will supply XPress Feeders with green methanol in...
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