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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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Platts Forties Sulfur de-escalator at 3-year low on firm sour crude, fuel oil

Platts Forties Sulfur de-escalator at 3-year low on firm sour crude, fuel oil

Platts Forties sulfur de-escalator was assessed July 25 at its lowest value since June 2022, as record strength in sour...
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Shipping group CMA CGM braced for weaker profit before demand picks up in 2024

Shipping group CMA CGM braced for weaker profit before demand picks up in 2024

French shipping group CMA CGM expects container freight demand to improve from next year but the group’s profits will continue...
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Tankers: VLCC Rates in the Middle East Softened This Week

Tankers: VLCC Rates in the Middle East Softened This Week

Clean The BCTI finished the week at 671, up from 610 the previous week. In the Middle East Gulf freight...
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Pyxis Tankers Inc is expected to post earnings of 23 cents a share

Pyxis Tankers Inc is expected to post earnings of 23 cents a share

Pyxis Tankers Inc is expected to show a fall in quarterly revenue when it reports results on August 7. The...
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Grafmarine Solar Energy Cells tested on Carisbrooke Vessel

Grafmarine Solar Energy Cells tested on Carisbrooke Vessel

Carisbrooke Shipping Ltd, which operates a fleet of multi-purpose vessels from offices in Cowes on the Isle of Wight, signed...
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Western Canada dock workers union rejects labor contract.

Western Canada dock workers union rejects labor contract.

Dock workers in Western Canada have rejected a proposed labor contract that would have ended a dispute that has already...
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S.Korea’s shipbuilders near $9.4 bn in LNG carrier orders from Qatar.

S.Korea’s shipbuilders near $9.4 bn in LNG carrier orders from Qatar.

South Korea’s top three shipbuilders — HD Hyundai Heavy Industries Co., Hanwha Ocean Co. and Samsung Heavy Industries — as...
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Russia threatens civilian vessels in Black Sea, Ukraine says.

Russia threatens civilian vessels in Black Sea, Ukraine says.

A senior Ukrainian official accused Russia on Friday of threatening civilian vessels in the Black Sea, and urged the international...
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Saudi unlikely to continue oil production cut – Julius Baer

Saudi unlikely to continue oil production cut – Julius Baer

Saudi Arabia is “unlikely to continue” with its solo oil production cut, after fellow petro-nations did not join the kingdom...
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ECB raises key rate to historic high, keeps options open

ECB raises key rate to historic high, keeps options open

The European Central Bank raised its deposit rate to a historic high on Thursday and kept its options open on...
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