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Baltic Index Slides For 10th Session As Capesize Rates Fall

Baltic Index Slides For 10th Session As Capesize Rates Fall

The Baltic exchange’s main sea freight index slipped for the tenth straight session on Tuesday, pressured by a decline in...
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Dry bulk: Capesize Driven To 2-Month Low By Excess Tonnage, Slow Demand

Dry bulk: Capesize Driven To 2-Month Low By Excess Tonnage, Slow Demand

The Capesize market has retreated sharply after crossing the key $40,000/day mark in early May as mining majors, trading houses...
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Asian Ports Refuse To Accept Containership Whose Captain Died Of COVID-19

Asian Ports Refuse To Accept Containership Whose Captain Died Of COVID-19

Evergreen containership Ital Libera, whose Master died of COVID-19, is diverting to Europe as no ports in Asia will accept...
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Crowley First US Shipping Company To Join Ship Recycling Transparency Initiative

Crowley First US Shipping Company To Join Ship Recycling Transparency Initiative

Crowley Maritime Corporation has become the first US-owned and that will publicly disclose its ship recycling policies, practices and process...
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Costamare’s Bond Issue Shows That Financing Can Be Found, But Scale Is Ever More Important Today

Costamare’s Bond Issue Shows That Financing Can Be Found, But Scale Is Ever More Important Today

With financing being harder to raise, ship owners are actively looking at alternative sources of capital raising. Costamare did so...
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Autonomous Ships Given Regulatory Guidance

Autonomous Ships Given Regulatory Guidance

Finalisation of the International Maritime Organization’s scoping exercise for autonomous ship safety crystallises the direction and scale of the regulatory...
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Supercycle, What Supercycle? China’s Commodity Imports Fail To Impress

Supercycle, What Supercycle? China’s Commodity Imports Fail To Impress

The bullish shine surrounding commodities may have lost some of its lustre, with imports in May by top buyer China...
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Ardmore Shipping Announces Definitive Agreements On Strategic Investment In Element 1 Corp., Establishment Of E1 Marine Joint Venture, And Preferred Stock Financing

Ardmore Shipping Announces Definitive Agreements On Strategic Investment In Element 1 Corp., Establishment Of E1 Marine Joint Venture, And Preferred Stock Financing

Ardmore Shipping Corporation announced that it has entered into definitive agreements for the previously announced strategic investment into Element 1...
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Trafigura, Yara To Jointly Pursue Clean Ammonia Opportunities

Trafigura, Yara To Jointly Pursue Clean Ammonia Opportunities

Singaporean/Swiss commodity trading company Trafigura and Norway-based ammonia player Yara International have signed a memorandum of understanding (MOU) to collaborate...
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Abu Dhabi Terminals And Microsoft Launch AI Partnership

Abu Dhabi Terminals And Microsoft Launch AI Partnership

Abu Dhabi Terminals has partnered with Microsoft to enhance container tracking using Artificial Intelligence (AI). The companies will use Microsoft’s...
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CMA CGM: First Quarter Of 2021 Financial Results – Sustained Strong Operating And Financial Performance

CMA CGM: First Quarter Of 2021 Financial Results – Sustained Strong Operating And Financial Performance

The Board of Directors of the CMA CGM Group, a world leader in shipping and logistics, met today under the...
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MSC Mediterranean Shipping: CEO Soren Toft Calls For Global Approach To R&D And Carbon Pricing

MSC Mediterranean Shipping: CEO Soren Toft Calls For Global Approach To R&D And Carbon Pricing

MSC Mediterranean Shipping Company has joined other carriers in reiterating support for a global R&D decarbonisation fund and also in...
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Eagle Bulk Acquires Scrubber-Fitted Ultramax Pair

Eagle Bulk Acquires Scrubber-Fitted Ultramax Pair

US-based shipowner Eagle Bulk Shipping has purchased two 2015-built scrubber-fitted Ultramax bulk carriers from Nautical Bulk Holdings for total of $44...
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Bureau Veritas Grants First Type Approval For LTO Battery System

Bureau Veritas Grants First Type Approval For LTO Battery System

Swedish energy system supplier Echandia Marine has obtained type approval from the classification society Bureau Veritas for its lithium titanium...
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CMPort Sees 25.5% Container Volumes Growth In First Four Months

CMPort Sees 25.5% Container Volumes Growth In First Four Months

China Merchants Port Holdings (CMPort) has recorded a significant growth in both container throughput and bulk cargo volumes so far...
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Study Finds FuelEU Maritime May Promote Biofuels, Raising Substantial Enforcement Concerns

Study Finds FuelEU Maritime May Promote Biofuels, Raising Substantial Enforcement Concerns

Arecent study on the upcoming FuelEU Maritime proposal finds that a promotion of biofuels may raise serious enforcement concerns, as...
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Baltic Main Index Hits Over One-Month Low On Weaker Capesize Segment

Baltic Main Index Hits Over One-Month Low On Weaker Capesize Segment

The Baltic exchange’s main sea freight index fell for a seventh straight session on Thursday to a more than one-month...
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Aft Section Of X-Press Pearl Sinks To Seabed, Pollution Fears

Aft Section Of X-Press Pearl Sinks To Seabed, Pollution Fears

The aft section of the heavily fire damaged X-Press Pearl has sunk to the seabed at 21 metres while the...
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UN Security Council To Discuss Decaying FSO Tanker Anchored Off Yemen

UN Security Council To Discuss Decaying FSO Tanker Anchored Off Yemen

After months of talks aimed to permit UN inspectors permission to board a decaying oil tanker anchored off Yemen as...
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Belgium Is First EU Country To Start Seafarer Vaccination

Belgium Is First EU Country To Start Seafarer Vaccination

Belgium has officially started its vaccination campaign for seafarers this morning in the presence of the Deputy Prime Minister and...
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