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Australia’s Fortescue Metals sees higher annual iron ore shipments

Australia’s Fortescue Metals sees higher annual iron ore shipments

Fortescue Metals Group on Thursday forecast higher iron ore shipments for fiscal 2024, encouraged by strength across its key operations...
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Patrick Terminals to boost sustainable container handling with ten Kalmar hybrid straddle carriers

Patrick Terminals to boost sustainable container handling with ten Kalmar hybrid straddle carriers

Kalmar, part of Cargotec, will supply a total of ten new Kalmar Hybrid Straddle Carriers to Patrick Terminals in Melbourne....
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China loads 750,000 tons of sugar in Brazil, year’s largest import volume

China loads 750,000 tons of sugar in Brazil, year’s largest import volume

Chinese buyers are currently loading dozens of vessels with around 750,000 metric tons of sugar at Brazilian ports, the first...
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Russia’s FSB: traces of explosives found on second Russia-bound grain ship

Russia’s FSB: traces of explosives found on second Russia-bound grain ship

Russia’s Federal Security Service (FSB) said on Thursday it had found traces of explosives on board a foreign vessel en...
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WFW advises First Citizens Bank on US$123m Greek shipping loan portfolio acquisition

WFW advises First Citizens Bank on US$123m Greek shipping loan portfolio acquisition

Watson Farley & Williams (“WFW”) advised First Citizens Bank (“FCB”), on its acquisition of a US$123m portfolio of 11 shipping...
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Asia Fuel Oil-VLSFO cash premium rises for a second straight day

Asia Fuel Oil-VLSFO cash premium rises for a second straight day

Asia’s cash differential for very-low sulphur fuel oil (VLSFO) extended gains on Thursday after flipping into premiums a day earlier,...
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Emissions insights could cut EU-mandated carbon costs of shipping by 50%

Emissions insights could cut EU-mandated carbon costs of shipping by 50%

LSEG (London Stock Exchange Group) and Siglar Carbon, a maritime emissions analytics company, have announced an agreement to enable customers...
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Baltic index hits two-week high on firm capesize, panamax demand

Baltic index hits two-week high on firm capesize, panamax demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a two-week high...
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Panama And Peru Strengthen Relations In The Maritime Field

Panama And Peru Strengthen Relations In The Maritime Field

The Panama Maritime Authority (AMP) and the National Maritime Authority of Peru signed an Inter-institutional Agreement that seeks mutual recognition...
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Three Companies to Expand Container Terminal in Kobe – Signs MoU with Kobe-Osaka International Port and ‘K’ Line

Three Companies to Expand Container Terminal in Kobe – Signs MoU with Kobe-Osaka International Port and ‘K’ Line

Mitsui O.S.K. Lines, Ltd. yesterady announced the signing of a memorandum of understanding (MoU) for the Port Island Phase 2...
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LNG-fueled Tugboat Sakigake Conducts Final LNG Bunkering

LNG-fueled Tugboat Sakigake Conducts Final LNG Bunkering

On July 25, the LNG-fueled tugboat Sakigake, operated in Tokyo Bay by the NYK Group’s Shin-Nippon Kaiyosha, conducted its last...
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Dutch crews battle major blaze on cargo ship

Dutch crews battle major blaze on cargo ship

A fire on a cargo ship resulted in the loss of one crew member’s life and left several others injured,...
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Newbuildings: Tankers and Bulkers the Main Targets

Newbuildings: Tankers and Bulkers the Main Targets

ship owners have kept ordering newbuildings, with bulkers and tankers the main targets. In its latest weekly report, shipbroker Allied...
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Drought-hit Panama Canal restricts daily crossings in water-saving move

Drought-hit Panama Canal restricts daily crossings in water-saving move

The Panama Canal will extend restrictions on ships’ maximum depth, it said on Tuesday, and it has limited average crossings...
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Rain raises Rhine river levels in Germany; north still too shallow

Rain raises Rhine river levels in Germany; north still too shallow

Heavy rain has raised water levels on the Rhine in Germany, but the river is stilltoo shallow in central northern...
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Iranian oil remains stuck off US coast as shippers fear repercussions

Iranian oil remains stuck off US coast as shippers fear repercussions

A cargo of sanctioned Iranian crude oil that was confiscated by the U.S. has sat off the Texas coast for...
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Rated Chinese Corporates’ Credit Fundamentals Improve; Leverage Stable

Rated Chinese Corporates’ Credit Fundamentals Improve; Leverage Stable

Credit fundamentals for most Chinese corporate sectors in Fitch’s rated portfolio have improved after China’s economy re-opened in late-2022, says...
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Baltic index logs best day in nearly 5 months on capesize strength

Baltic index logs best day in nearly 5 months on capesize strength

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, on Wednesday, posted its biggest...
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China’s Support Signal for Private Companies May Influence Credit Profiles

China’s Support Signal for Private Companies May Influence Credit Profiles

A commitment to support the private sector’s growth, issued jointly by China’s State Council and the Central Committee of the...
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Middle East Crude-Benchmarks climb as traders speed up spot purchases

Middle East Crude-Benchmarks climb as traders speed up spot purchases

Middle East crude benchmarks rose on Tuesday as traders accelerated clearing spot cargoes toward the end of the July trading...
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