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The Suez Canal Authority Signs a Memorandum of Understanding With The MACN Anti-Corruption Network
The Suez Canal Authority signed a Memorandum of Understanding with the Maritime Anti-Corruption Network (MACN) to provide a framework for...
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UAE’s Fujairah Nov marine fuel sales slip to nine-month lows
Marine fuel sales at the United Arab Emirates’ Fujairah, the world’s third-largest bunkering hub, fell for a third straight month...
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VLSFO cash differential rebounds on spot trade
Asia’s cash differential for 0.5% very low sulphur fuel oil (VLSFO) rebounded on Monday as more spot trade emerged for...
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End of ‘easy bunkering’ in sight on shifting oil flows
The days of picking and choosing from a range of bunker fuels at ports are disappearing as geopolitics cause oil...
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IMO edges forward on ambitious revision of the GHG reduction strategy but uncertainty remains as all options still on the table
Momentum has built towards an ambitious revision of the GHG reduction strategy as two weeks of IMO negotiations conclude. The...
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China seen keeping benchmark lending rates unchanged for 4th month
China is likely to keep benchmark lending rates unchanged for the fourth straight month in December on Tuesday, a Reuters...
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UAE will look to a world beyond OPEC
The United Arab Emirates will have a busy 2023. The Gulf state wants to pump more oil, shore up its...
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“Green” Retrofits to Dominate the Ship Repair Market of 2023
Shipyards across Europe, Med and the Black Sea are expected to be fully booked during 2023, as a multitude of...
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China in Hot Pursuit of South Korea in LNG Carrier Market
China is rising fast in the liquefied natural gas (LNG) carrier market, which is dominated by Korean shipbuilders. As dockyards...
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Lower commodity prices to shrink India’s trade deficit and help rupee
The fall in commodity prices could help narrow India’s trade deficit in the coming months, aiding the rupee, analysts said...
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India: Exports rise marginally to $32 bn in Nov; trade deficit lowest in 7 months
India’s merchandise exports grew just 0.59 per cent year-on-year in November at $31.99 billion, as tepid external demand and fears...
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Carriers look to be on back foot for eastbound Pacific contract negotiations as market weakens
Next year’s containerized freight contracts for the eastbound trans-Pacific lane are likely to settle at steep discounts to 2022 as...
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Oil Tanker Day Rates To Be Supported By The EU’s Ban On Russian Crude
Over the past 12 months, global container shipping rates have steadily declined to their long-term averages as supply chain snarls...
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Decarbonization in the grain shipping sector is not all about increased costs
Climate change and its deadly consequences from drought, rising sea levels, and the increased frequency of extreme weather events and...
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IMO to bring carbon intensity rules online despite ongoing CII controversies
The International Maritime Organization, UN’s global regulatory body for shipping, will soon introduce its first set of emission regulations despite...
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Dry Bulk Market: Capesizes Surge Forward
Capesize The Capesize sector saw a surge, especially in the Atlantic since midweek. More cargo from West Africa came to...
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247 Greek-Owned Shipping Companies And Their 1,976 Vessels Honored For Rescuing Ships In Distress
Hundreds of Greek shipping companies were recognized for their participation at the AMVER program last year, during the 30th anniversary...
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Tankers To Stay the Course During 2023
The tanker market is expected to stay firm during 2023, with both demand and supply fundamentals expected to help the...
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IMO MEPC 79: promising development towards effective global climate regulations for shipping
In its first in-person session in three years, the IMO Marine Environment Protection Committee 79 (MEPC 79) addressed a broad...
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Ever-lengthening list of ‘unprecedented crises’
2022 was supposed to be the year of post-pandemic and post-lockdown re-openings, but – as ING’s global head of macro,...
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