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Carrier commitment key to success for container terminal investments
Container terminals depend on carrier calls to generate business, which can vary according to market developments and liner network changes,...
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Dry Bulk Market: Capesize Market Slipped Further This Week
CapesizeThe past week has had a negative trend overall, but closed up by the end. The average of the 5...
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Biofuels Use in the Shipping Industry Could Soon Gain Traction
The use of biofuel blends in the shipping industry could become the norm in the following years, as they seem...
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Persian Gulf-Japan VLGC rates soar to highest in nearly 2 years, with more upside seen
VLGC rates on the key Persian Gulf-Japan route extended a three-month rally to reach their highest for almost two years...
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Capesize values for older vessels rise in October
Capesize values for older vessels rose in October with prices for 15 year old tonnage up 9.55% since the start...
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Baltic index snaps 12-session losing streak on capesize gains
The Baltic Exchange’s dry bulk sea freight index (.BADI) rose on Friday for the first time in 13 sessions, helped...
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Global Energy and Stellar Shipmanagement to build first dedicated methanol bunkering ship in Singapore, classed by Bureau Veritas
Global Energy Trading Pte Ltd (“GET”), Stellar Ship Management Services Pte Ltd (“Stellar”), wholly owned subsidiaries of Global Energy Group,...
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Teekay Corporation Reports Stronger Third Quarter Results
Teekay Corporation yesterday reported results for the three and nine months ended September 30, 2022. These results include the Company’s...
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MISC and consortium partners secure five more newbuilding LNG carriers with Qatarenergy
MISC Berhad (MISC), through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd (PLL), together with its consortium partners, Nippon...
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INEOS signs long-term time charter agreements with Pacific Gas for four 99,000 cubic metre Very Large Ethane Carriers (VLECs)
INEOS Europe AG and Pacific Gas (Hong Kong) Holdings Co., Ltd, has signed long-term time charter agreements for four 99,000cbm...
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Asian LSFO crack slumps to 3-month low on expectations of higher supplies
Asia’s low sulfur fuel oil refining margin plunged to its weakest in three months Nov. 2, weighed down by expectations...
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World Maritime University graduates ready to make change happen
The latest batch of future maritime leaders have graduated from the World Maritime University (WMU). The 2022 graduation (31 October)...
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Euronav Expects Tanker Market Momentum to be Maintained Despite Potential Headwinds
Euronav NV reported its non-audited financial results today for the third quarter ended 30 September 2022. Hugo De Stoop, CEO...
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Capesize shipments of Guinean bauxite jump 27.4% YTD
High energy prices in Europe have shifted aluminium production to China. Due to China’s increasingly depleted bauxite reserves, this shift...
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Rules on ship carbon intensity and rating system enter into force
Amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) Annex VI enter into force on 1...
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Tankers: Full Effect of Ban on Russian Oil To be Felt From 2023 Onwards
The tanker market’s structural shift is still not complete. In its latest weekly report, shipbroker Allied said that “with the...
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NYK to Order Two LNG-Fueled Large Coal Carriers
NYK will order two LNG-fueled large coal carriers from Oshima Shipbuilding Co., Ltd. The vessels are scheduled to be delivered...
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Low-Speed, Dual-Fuel Portfolio Reaches Millennial Milestone
MAN Energy Solutions has announced that its portfolio of two-stroke, dual-fuel engines has passed more than 1,000 units on order...
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Russia returns to Black Sea grain deal in sudden U-turn
Russia said on Wednesday it would renew its participation in an agreement allowing Ukraine to export grain via the Black...
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Maersk sees container demand slowing as recession looms
Shipping group Maersk warned on Wednesday of slowing demand for transport and logistics as a global recession looms and cut...
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