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Baltic index scales 11-month peak on strong capesize rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to an 11-month...
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Asia Fuel Oil-Market firms with stronger bids, wider time spreads
Asia’s fuel oil market strengthened on Wednesday with firmer bids for spot cargoes and wider backwardation time spreads. The 380-cst...
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Ship insurance facility set up for Ukraine grain exports says broker Miller
A new marine insurance facility for Ukrainian grain exports using the country’s sea corridor has been set up in conjunction...
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US thermal coal exports jump to 5-year highs on Asian demand
United States thermal coal exports hit their highest levels since 2018 during the first eight months of 2023, climbing 20%...
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QatarEnergy, Korea’s HHI signs $3.9 bln deal for 17 LNG carriers
QatarEnergy said on Wednesday it had signed a 14.2 billion riyal ($3.90 billion) deal with HD Hyundai Heavy Industries 329180.KS...
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China may boost October fuel exports on robust margins, flight recovery
China’s oil products exports are set to rise in October as state-owned refiners capitalise on lucrative margins and some Western...
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PPA SA: Strong performance in the first half of 2023, with a significant increase in profitability and turnover
In the first half of the fiscal year 2023, PPA S.A. reported a continued robust increase in profits and income,...
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Vale and Port of Açu sign agreement to develop a Mega Hub for the decarbonization of steelmaking
Vale informs that it signed an MOU with the Port of Açu to study the development of a Mega Hub...
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‘Dark’ ships are faking their locations to move oil around the world — and it is likely worth billions of dollars
Ships are faking their locations to engage in illicit activity — and rising numbers appear to be doing so to...
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MV Ballard becomes the first KCC vessel equipped with Silverstream Technologies air lubrication system
Klaveness Combination Carriers (“KCC”) announces MV Ballard, the youngest vessel in the CABU fleet, has completed dry dock and subsequent...
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Three Japanese Shipping Companies Partner to Establish Global Liquefied Hydrogen Supply Chain
On September 12 2023, Japan Suiso Energy, Ltd. (JSE)*, and three Japanese shipping companies, Kawasaki Kisen Kaisha, Ltd. (“K”LINE), Mitsui...
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Cargo vessel sets off from Ukrainian Black Sea port – source
A cargo vessel set off from a Ukrainian Black Sea port on Tuesday after loading but remained close to the...
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Mideast-Asia oil shipping rates rebound, capped by OPEC+ supply cuts.
The cost of chartering a supertanker to load Middle Eastern crude oil for Asia has rebounded from a 19-month low...
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RightShip introduces PortRISK to transform port and terminal risk management
Built using RightShip’s unmatched maritime vessel, incident, and company database, PortRISK provides a comprehensive suite of features, including pre-arrival checks...
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Baltic index scales over 9-month high on Capesize surge
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest...
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Inmarsat Maritime Safety Report Highlights Importance Of Data And Collaboration In Tackling Persistent Safety Challenges
The 2023 edition of The Future of Maritime Safety Report from Inmarsat Maritime, a Viasat business, reveals that the number...
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Port Houston loaded exports up 10% year-to-date.
Loaded export volumes at Port Houston are up 10% year-to-date, maintaining the upward trajectory seen throughout 2023 and helping support...
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Iron ore is clouded further by a weak demand outlook.
Iron ore futures extended declines on Tuesday, as investors booked profits ahead of upcoming holidays in China and demand concerns...
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OPEC+ production cuts drive up sour crude oil prices around the world.
Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour, and heavy, sour grades of...
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Robust exports and stable domestic demand keep China’s steel production strong in 2023
Robust steel exports from China have emerged as a major driver supporting steel production at a time when demand activity...
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