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UN adopts global convention on the sale of ships by courts

The United Nations General Assembly adopted the United Nations Convention on the International Effects of Judicial Sales of Ships on...
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Baltic Index Sees Worst Day In Three Weeks On Capesize Drop

The Baltic Exchange’s dry bulk sea freight index fell on Monday to mark its worst day in almost three weeks,...
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Saudi’s Mawani announces new shipping service to boost India trade

The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port in Dammam to the Shaheen Express shipping...
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Product Tankers: Middle East and US to the EU Will be a Dominant Trade Route Moving Forward

The product tanker market is expected to benefit significantly from the sanctions imposed on Russian crude and products, like diesel...
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2023 Seaborne Coal Imports Could Add Pressure on the Dry Bulk Market

Demand for seaborne coal cargoes could take a hit during 2023, exerting pressure on the dry bulk market as a...
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California Long Ruled U.S. Shipping. Importers Are Drifting East

Sharpie maker Newell Brands Inc. is opening distribution centers in Pennsylvania and North Carolina to lessen dependence on seaports in...
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MOL Selected for Inclusion in ‘Dow Jones Sustainability Asia/Pacific Index’- Reflects High Regard for Company’s ESG Initiatives

Mitsui O.S.K. Lines, Ltd. announced that it has been selected for inclusion in the ‘Dow Jones Sustainability Asia/Pacific Index’ (DJSI...
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Mitsui OSK Lines implements Marlink smart hybrid connectivity including Starlink LEO services

Marlink, the smart network solutions company, will deploy its hybrid connectivity solutions on selected vessels operated by Japanese shipowner Mitsui...
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Ukraine port of Odesa not operating after Russian drone attack on energy facilities

The Ukrainian port of Odesa was not operating on Sunday after the latest Russian attack on the region’s energy system,...
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China’s surprise COVID pivot offers new hope to shipping markets

Shipping stocks swooned when Chinese protesters took to the streets. But the civil unrest is turning out to be a...
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North America container import rates plummet from record highs amid peak season flop

Container shipping rates for North American imports have plummeted since the start of the year, with box volumes on the...
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China slowdown sounds alarm bells for dry bulk market

Stormy seas lie ahead for the dry bulk market as the shipping industry comes to terms with the new environmental...
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UN shipping agency inches towards 2030 emission reduction goal

This week’s round of technical talks at the UN’s maritime regulator showed countries are prepared to phase out shipping emissions...
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Dry Bulk Market: Capesizes Rise Again

Capesize The Capesize market was positive over the week, rising in excess of $1,200 to close at $13,957. In the...
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Product Tankers: Middle East and US to the EU Will be a Dominant Trade Route Moving Forward

The product tanker market is expected to benefit significantly from the sanctions imposed on Russian crude and products, like diesel...
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India Nov thermal coal imports at 10 month-low as local output soars

India’s thermal coal imports fell to the lowest levels in 10 months during November, data from consultancy Coalmint showed, mainly...
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S. Korea: More LNG Carrier Orders Anticipated Next Year

Mozambique is resuming its LNG development project and contracts of Hyundai Samho Heavy Industries and Samsung Heavy Industries are expected...
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G7 Russian oil price cap evolves from revenue squeeze to market anchor

When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo...
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Shipowner Decarbonisation Survey Identifies ‘Collaboration Crisis’

A survey of shipowners conducted by design and engineering consultancy, Houlder, has highlighted that reliance on ad hoc collaboration between...
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Turkey says will hold tankers for checks despite queue to pass Bosphorus

Turkey’s maritime authority said on Thursday it would continue to block oil tankers without appropriate insurance letters from its waters...
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