September 18, 2020
US ocean regulator the Federal Maritime Commission (FMC) has fired a warning shot across the bows of container shipping lines, saying it will head to...
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Shipping News
September 18, 2020
The Baltic Exchange’s main sea freight index rose on Thursday, buoyed by stronger rates across vessel segments. (more…)
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September 18, 2020
US sanctions have deterred all but Iranian tankers from delivering gasoline to fuel-starved Venezuela, and the Trump administration will keep up pressure on the global...
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September 18, 2020
As the year 2020 continues to deliver positive surprises for the container shipping sector, the gap between short and long term contract freight rates on...
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September 17, 2020
Carnival Cruise Line announced the sale of Carnival Fascination and Carnival Imagination, which had previously been put on long-term lay-up status and removed from published...
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September 17, 2020
Maersk will cut jobs in a major shake-up that will affect a third of the shipping giant’s staff as it seeks to integrate its seaborne...
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September 17, 2020
Global bunker fuel demand is expected to decrease significantly in 2020 reflecting the impact of the coronavirus pandemic, with tough market conditions amplifying credit risks...
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September 17, 2020
The Baltic Exchange’s main sea freight index fell on Wednesday, pressured by a dip in capesize vessel rates. (more…)
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September 16, 2020
The World Trade Organization undercut the main justification for President Donald Trump’s trade war against China, saying that American tariffs on Chinese goods violate international...
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September 16, 2020
ABS and Hyundai Heavy Industries (HHI) have completed a Joint Development Project (JDP) to build multi-physics simulations capable of analyzing the carbon-footprint of vessels in...
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September 16, 2020
The European Parliament on Tuesday voted in favour of including greenhouse gas emissions from the maritime sector in the European Union’s carbon market from 2022,...
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September 15, 2020
More charterers are looking for VLCCs again for short-term time charter, as freight is dipping to a record low while crude oil contango widens. (more…)
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September 15, 2020
The Baltic Exchange’s main sea freight index rose on Monday, snapping a 12-day long losing streak, buoyed by stronger rates for capesize vessels. (more…)
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September 14, 2020
Tropical Storm Sally strengthened off the west coast of Florida on Sunday and was poised to become a hurricane, bringing the threat of dangerous storm...
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September 14, 2020
Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant...
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