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Tanker rates for refined petroleum products reach multiyear highs during 2022

Tanker rates for refined petroleum products reach multiyear highs during 2022

Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined petroleum products such as motor gasoline, diesel fuel,...
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Baltic index scales over one-month peak on capesize demand

Baltic index scales over one-month peak on capesize demand

The Baltic Exchange’s dry bulk sea freight index rose on Wednesday to its highest level in more than a month,...
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Newbuilding Ordering Activity Picks Up Pace

The newbuilding market has picked up pace this week, with more orders being reported. In its latest weekly report, shipbroker...
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Container demand eases in November

Container demand eases in November

The Georgia Ports Authority moved 464,883 twenty-foot equivalent container units in November, a decrease of 6.2 percent or 30,866 TEUs...
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Oil product stocks rise 6.6% on week led by middle distillates

Oil product stocks rise 6.6% on week led by middle distillates

Oil product stockpiles at the UAE’s Port of Fujairah climbed 6.6% to a three-week high in the seven days ended...
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Ascenz to provide its state-of-the-art “smart bunkering” solution for the first time in Europe

Ascenz to provide its state-of-the-art “smart bunkering” solution for the first time in Europe

Ascenz, a GTT Digital company, has been selected by a major European ferry owner to equip two vessels with its...
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India-UK negotiations on free trade agreement to continue – Indian trade ministry

India-UK negotiations on free trade agreement to continue – Indian trade ministry

– Negotiations on a Free Trade Agreement between India and Britain will continue, India’s trade ministry said on Tuesday, following...
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India’s industrial output drops to 26-month low as rate hike hits demand

India’s industrial output drops to 26-month low as rate hike hits demand

India’s annual industrial output contracted 4% in October, its weakest performance in 26 months, after revised growth of 3.5% in...
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German investor morale rebounds to highest since Ukraine war

German investor sentiment staged another recovery in December, reaching its highest level since the war began in Ukraine, as inflation...
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MPC Container Ships executes further portfolio optimization measures

MPC Container Ships executes further portfolio optimization measures

MPC Container Ships ASA is pleased to announce new measures for portfolio optimization and capital allocation. The Company has entered...
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Hapag-Lloyd CEO sees bounce in shipping demand as short-lived

Hapag-Lloyd CEO sees bounce in shipping demand as short-lived

Germany’s Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company...
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Cargo Solutions doubles its operations in its second year

Cargo Solutions doubles its operations in its second year

Following the new framework established by the Union Customs Code (UCC) in January 2021 Hutchison Ports BEST has gone on...
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Turkey reaches deal over new crude tanker insurance regulations

Turkey reaches deal over new crude tanker insurance regulations

Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude...
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Baltic index hits one-week low as larger vessel rates slide

Baltic index hits one-week low as larger vessel rates slide

The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday to its lowest level in a week, weighed down...
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Margin pressure looms for container terminal operators

Margin pressure looms for container terminal operators

Despite the challenges of Covid-19 and port congestion, container terminal operators were successful in improving their profit margins in 2021...
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Ship Recycling: Small Container Ships Sold for Scrap

Ship Recycling: Small Container Ships Sold for Scrap

The ship recycling market has had a positive week after a long time, thanks to a renewed supply of vintage...
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The UAE President inaugurates Khalifa Port expansion

The UAE President inaugurates Khalifa Port expansion

His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, inaugurated Khalifa Port’s expansion – a major development...
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Maritime protection strengthened through alliance

Maritime protection strengthened through alliance

Courts have stepped up efforts to safeguard national marine rights and interests, protect the marine ecology and environment and promote...
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NYK Holds Training Program for Nominated Staff from around the World

From 5th to 9th December, NYK held “Global NYK Group Week 2022,” a training program for nominated locally hired staff...
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UN adopts global convention on the sale of ships by courts

UN adopts global convention on the sale of ships by courts

The United Nations General Assembly adopted the United Nations Convention on the International Effects of Judicial Sales of Ships on...
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