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Intermodal Weekly Market Report Week 20 2023 Broker’s Insight

Intermodal Weekly Market Report Week 20 2023 Broker’s Insight

Due to sluggish demand and massive inventories, spot LNG prices in Asia plummeted to a two-year low, while prices in...
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Marlink enhances hybrid digital network solution for Polembros Shipping with Starlink

Marlink enhances hybrid digital network solution for Polembros Shipping with Starlink

Marlink, the smart network and digital solutions company, will install the Starlink LEO service for Athens-based ship manager Polembros Shipping....
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Nordic American Tankers Ltd: First Quarter Results, History in the making!

Nordic American Tankers Ltd: First Quarter Results, History in the making!

The average Time Charter Equivalent (TCE) for our spot vessels (15) during the first quarter of 2023 came in at...
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‘We are not decoupling’: G-7 leaders agree on approach to ‘de-risk’ from China

‘We are not decoupling’: G-7 leaders agree on approach to ‘de-risk’ from China

Leaders of the Group of Seven agreed there’s a need to de-risk, not decouple from China, and acknowledged challenges posed...
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SHS launches guide to support seafarer healthcare interactions

SHS launches guide to support seafarer healthcare interactions

The Seafarers Hospital Society has launched a free Seafarer Health Consultation Guide to assist interactions between seafarers and health professionals...
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Mitsubishi Shipbuilding and Nihon Shipyard Launch Joint Study for Development of an Ocean-Going LCO2 Carrier

Mitsubishi Shipbuilding and Nihon Shipyard Launch Joint Study for Development of an Ocean-Going LCO2 Carrier

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard Co., Ltd., a Tokyo-based joint venture for...
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INTERCARGO reaches membership milestone

INTERCARGO reaches membership milestone

The International Association of Dry Cargo Shipowners (INTERCARGO) has reached an historic membership milestone. The Association now represents 32% of...
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China’s April fuel oil imports rise further to decade-high

China’s April fuel oil imports rise further to decade-high

China’s April fuel oil imports surged further from the prior month, almost hitting a decade-high, while exports of low-sulphur marine...
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Cash premiums ease as offers soften further

Cash premiums for fuel oil fell on Monday amid thin trade, while spot offers inched lower from their previous session....
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U.S. Seaports Are Weathering a Numbers Hangover in Import Volumes

U.S. Seaports Are Weathering a Numbers Hangover in Import Volumes

U.S. seaports are having a terrible year, yet are seeing something of an importing resurgence at the same time. Imports...
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Container shipping under pressure as peak season hopes dim

Container shipping under pressure as peak season hopes dim

One of the earlier scenarios for container shipping’s 2023 peak season went like this: Importers would get cocky and keep...
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World Shipping Council Releases Containers Lost at Sea Report – 2023 Update

World Shipping Council Releases Containers Lost at Sea Report – 2023 Update

The World Shipping Council (WSC) has released its annual report on containers lost at sea, revealing positive developments in container...
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Navy honors a champion sailor

Navy honors a champion sailor

The Navy rolled out the red carpet for Champion sailor Commander Abhilash Tomy (retd), who finished second in the enormously...
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MSC Sets New Record: Container Fleet Surges to Impressive 5 Million TEU Capacity

MSC Sets New Record: Container Fleet Surges to Impressive 5 Million TEU Capacity

MSC successfully overtook Maersk and emerged as the world’s largest container carrier 16 months ago and continued its stream of...
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Remains of the Chinese fishing vessel located by Indian naval aircraft

Remains of the Chinese fishing vessel located by Indian naval aircraft

The Indian Navy's P8I Maritime patrol aircraft located a Chinese fishing vessel that capsized three days ago in the Indian Ocean,...
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US and allied naval commanders in Mideast transit Strait of Hormuz, in show of force against Iran

US and allied naval commanders in Mideast transit Strait of Hormuz, in show of force against Iran

The Mideast-based commanders of the U.S., British and French navies transited the Strait of Hormuz on Friday aboard an American...
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Why ports matter for the global economy

Why ports matter for the global economy

Since the start of maritime trade, ports have played a central role in the economic and social development of countries....
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HMM Enters Acquisition Race for Hyundai LNG Shipping

HMM Enters Acquisition Race for Hyundai LNG Shipping

HMM, a South Korean shipping giant, has joined the race to acquire Hyundai LNG Shipping, the country’s top liquefied natural...
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US West Coast ports, dock workers ‘on doorstep of agreement’ – Port of LA exec

US West Coast ports, dock workers ‘on doorstep of agreement’ – Port of LA exec

The executive director of the Port of Los Angeles thinks a tentative agreement between the International Longshore and Warehouse Union...
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Japanese Shipping Companies Saw Orders Plunge in April but Hand-Held Orders Hit Four-year High

Due to high ship prices, orders received by Japanese shipping companies continued to decline. However, the number of orders in...
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