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INTERCARGO condemns deadly attacks on bulk carriers

Following news that a seafarer has died and another has been seriously injured in the latest Houthi attacks on merchant...
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Rescue underway for crew of Greek-owned vessel hit by Houthis, Philippines says

The crew of a Greek-owned vessel Tutor that was damaged in an attack by Yemeni Houthi militants in the Red...
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Asia Fuel Oil-Markets end week on largely stable note

Fuel oil benchmarks were broadly stable in Asia on Friday, with cash premiums and crack spreads rangebound through the week....
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Spot rate growth slows but ocean container shipping market will remain extremely challenging

Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may...
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Baltic index logs weekly gain on higher rates for smaller vessels

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose for the third...
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Oil dips in see-saw session; eyes on US economic data and Fed

Oil prices dipped slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel supplies and expectations of...
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Seanergy Maritime Announces Successful Delivery of a Japanese Capesize Vessel and Two New Time Charter Agreements with Costamare Bulkers Inc.

Seanergy Maritime Holdings Corp. announced today the delivery of a previously-announced Capesize vessel acquisition, the M/V Iconship (the “Vessel”), and...
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Port Of Los Angeles May Cargo Volume ‘Strong, Consistent’ At 753,000 Container Units

The Port of Los Angeles processed 752,893 Twenty-Foot Equivalent Units (TEUs) in May. While that represents a slight 3% decline...
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Baltimore’s busy port fully reopens after bridge collapse, and a return to normal is expected

Commercial shipping traffic through the Port of Baltimore is expected to return to normal levels next month, officials said, after...
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Russian Client Unilaterally Scratches off Big Order to Samsung Heavy Industries

Samsung Heavy Industries has been hit by sanctions against Russia following the Russia-Ukraine war. The company’s order worth 4.85 trillion...
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Posidonia 2024 Bids Farewell to Record Number of Participants, Renews Rendezvous for 2026

Posidonia 2024 has already gone down in history as the best-attended in the biennial event’s 55 years of existence, and...
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U.S. East Coast port union strike threat to test shippers’ nerves

Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers,...
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Kongsberg Maritime announces groundbreaking, fuel efficient bulker design

Kongsberg Maritime has unveiled its radical new ‘Super-Efficient Bulker’ vessel design concept. The new design is set to redefine industry...
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Asia Fuel Oil-Benchmarks rangebound while Singapore inventories climb

Singapore fuel oil benchmarks were rangebound on Thursday, while onshore inventories recovered for a third straight week. Cracks for the...
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Baltic index hits near 1-month peak on strong vessels demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit a near one-month...
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Newbuilding Prices Climb 3% To Highest Level In 16 Years

Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their...
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Berg Secures Louis Dreyfus Armateurs Propulsion Package for Wind-Assisted Airbus Ro-Ro Vessels

BERG Propulsion has won a contract covering the hybrid propulsion solution that ensure three wind-assisted Louis Dreyfus Armateurs (LDA) Ro-Ro...
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Asia Fuel Oil-HSFO Market Recovers; VLSFO Capped by Ample Supply

Asia’s High Sulphur Fuel Oil (HSFO) firmed slightly this week, while benchmarks for Very Low Sulphur Fuel Oil (VLSFO) remained...
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TES and “K” LINE Partner for Sustainable Maritime Shipping Solutions

Tree Energy Solutions (TES), a global green energy company leading the way in the production of e-NG (electric, natural gas...
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US Importers Caught In A Vicious Circle As Labor Union Strike Threat Raises Fears Of Soaring Freight Rates And Massive Disruption At US East And Gulf Coast Ports

Threat of strike action at US East and Gulf Coast ports may see importers accelerate efforts to protect ocean supply...
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