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Asia Fuel Oil-VLSFO margin rebounds after sliding to more than two-year low
The refining margin for very-low sulphur fuel oil (VLSFO) edged slightly higher on Monday after its recent tumble to more...
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Intense Competition Among the Big Three Korean Shipbuilders
The era of methanol ships has officially begun with the voyage of the world’s first methanol propulsion ship, built by...
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Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes.
Almost 30 ships dropped anchor near Ukraine’s crucial Izmail port terminal after Russia destroyed grain warehouses on the Danube River...
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Baltic index slips to over 1-1/2 month low on weaker vessel rates.
The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell to its lowest since...
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European thermal coal struggles to find takers in Asia amid robust regional supply
European market participants are finding it increasingly difficult to resell their excess stock in Asia due to strong supply-side fundamentals...
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Ship fuel spreads and LNG prices fall to lowest levels in years.
Fuel is one of the biggest costs in ocean shipping, and fuel pricing has seen some big changes in recent...
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Shipowners urged to up digitalization game for GHG cuts by 2030.
Ship owners can achieve decarbonization at scale within this decade with speed optimization and energy-saving equipment, according to maritime professionals...
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UAE says current OPEC+ support is sufficient for now.
Current actions by OPEC+ to support the oil market are sufficient for now, UAE Energy Minister Suhail al-Mazrouei said on...
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Port of Tacoma accelerates net zero targets by 10 years.
The target will cover Scope 1 and Scope 2 emissions, which include direct emissions from the port’s buildings and vehicles,...
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Iran loses bid to host shipping event after a vote at UN agency meeting.
Iran’s offer to host a maritime event in October has been rejected after a proposal led by the United States...
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NATO, Ukraine to discuss Black Sea grain issue at Zelenskiy’s request
NATO and Ukraine are to discuss security in the Black Sea next week, particularly the operation of a corridor for...
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China’s June manufacturing steel demand improves; challenges remain.
China’s monthly manufacturing steel demand rebounded in June but was still lower than a year ago, S&P Global Commodity Insights...
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Canada’s port workers union leadership backs new contract deal
Leaders of a dock workers union in Canada’s Pacific region on Friday backed a tentative contract deal with employers and...
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Grain buyers refuse to panic as Ukraine corridor closes
Major grain importers in the Middle East and North Africa have reacted calmly to the end of the safe shipping...
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Ocean Technologies Group Launches Comprehensive E-Learning Courses to Support SIGTTO LNG Competency Guidelines
Ocean Technologies Group (OTG), the leading global provider of Human Capital Management solutions for the maritime industry, has released a...
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Jamaica and Canada sign reciprocal recognition agreement to benefit seafarer training and employment
Jamaica and Canada have signed a Reciprocal Recognition Agreement to enable seafarers from the two countries to work on ships...
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China’s alumina prices rebound to a one-month high on Yunnan demand.
Chinese alumina prices rose to their highest in more than a month on supply tightness amid improving demand from aluminium...
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BHP posts record full-year iron ore output, flags rising costs.
BHP Group on Thursday reported its highest-ever annual iron ore production, helped by the continued ramp-up at its South Flank...
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No technical recession in euro zone as Eurostat revises up Q1 GDP
Euro zone gross domestic product was flat in the first three months of this year against the previous quarter, the...
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Iron ore rebounds on optimism about China property sector aid
Iron ore futures recovered on Thursday amid market talks of more China property sector support, although concerns of oversupply and...
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