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Shipping stocks rise, biggest gainers in Europe at start of 2024
Shipping companies have been the best performing stocks in Europe since the start of 2024, and were set for their...
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BTIG says dry bulk shipping firms on troubled waters in 2024
BTIG expects 2024 to be a tough year for dry bulk shipping companies; cuts its rating on three stocks Downgrades...
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War, weather put ocean shippers on notice for rough seas in 2024
Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop – but it is...
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LNG futures trade volumes in Q4 hit record high, 2023 volumes up 12.5%
LNG futures trade volumes on the financial exchanges during the fourth quarter of 2023 hit a record high, while the...
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Morgan Stanley sees lower oil prices in 2024 on oversupply concerns
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half of 2024 before declining towards...
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Japan’s Saudi Arabia crude oil imports increased in November 2023
Japan’s imports of Saudi Arabia’s crude oil increased in November 2023, reaching 33.27 million barrels, or 42.7% of total imports,...
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Impact of Red Sea unrest on Rotterdam throughput is expected to be slight
The recent disruptions at the Red Sea entrance are anticipated to exert additional strain on the container terminals in January...
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Year-end hedge fund short-covering failed to lift oil prices
Portfolio investors boosted their petroleum positions in the final two weeks of last year, as some short positions in crude...
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Seafarers encounter growing mental health struggles as drone attacks and pirate threats escalate in the Red Sea and Gulf of Aden
Seafarers once again find themselves on the frontline of one of the world’s conflicts as they pass through the Red...
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Landmark IMO Strategy for cutting global shipping emissions welcomed at COP28
The 2023 IMO Strategy on Reduction of GHG Emissions from Ships has been applauded by international stakeholders at the recent...
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Ocean cargo rates climb after new Red Sea ship attacks
Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers...
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The Red Sea crisis boosts shipping costs, delays – and inflation worries
Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed...
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Baltic index ticks down as smaller vessel rates dip
The Baltic Exchange’s dry bulk sea freight index declined on Thursday, as lower rates for Panamax and supramax vessels outweighed...
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Dalian iron ore climbs nearly 3% on expectations of more China stimulus
The most-traded May iron ore on China’s Dalian Commodity Exchange rose 2.8% to 1,017.5 yuan ($142.50) per metric ton at...
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P&I Insurance Renewals: Navigating the 20th February 2024 Changes”: Understanding P&I Insurance in 2024
Protection and Indemnity (P&I) insurance is a cornerstone of maritime commerce, safeguarding shipowners and operators against third-party liabilities. As we...
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Ship Sales Fall in 2023
Activity in the S&P market was below 2022 levels, during the past year. In its latest weekly report, shipbroker Xclusiv...
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The US was the top LNG exporter in 2023 as hit record levels
U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying...
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Bunker One and Color Line collaborate on a successful fuel switch to biofuel
Color Line’s two passenger ferries connecting Denmark and Norway have been running on B100 biofuel for one month, with Bunker...
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Korean Shipbuilding Industry Increasingly Anticipating Tanker Orders
In 2024, Korean shipbuilders are likely to benefit from an increase in tanker orders because of increased distances for crude...
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Asia Fuel Oil-HSFO firms; market eyes China demand, Red Sea tensions
Asia’s high sulphur fuel oil (HSFO) market extended gains for a second consecutive session on Wednesday, while the market eyed...
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