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A recent news article published in the Hot Copper states that Baltic index dips as larger vessels retreat. Baltic Index falls The Baltic Exchange's main sea freight index .BADI fell on Tuesday, snapping a five-day winning streak, pressured by a fall...
Recent mega infrastructure projects by the government, aims to transform the Port of Mombasa into the most efficient and modern port in the region. Mombasa port is the gateway for landlocked countries such as Uganda, Rwanda, Burundi and...
Seaspan Corporation (Seaspan), a wholly-owned subsidiary of Atlas Corp. (NYSE: ATCO), has become the newest shipowner-operator to join the Ship Recycling Transparency Initiative (SRTI) and make its recycling policies, practices, and processes public as reported by SRTI. Benefits o both...
The three-decade era of globalisation risks going into reverse according to company executives and investors. World leaders prepare to meet in the Swiss town of Davos for the first time since the coronavirus pandemic began. A recent news article...
As the diesel prices hike, Product tanker owners Ardmore, INSW, Scorpio see scramble for diesel supplies. The world-wide diesel market seems tight due to the ongoing Russia-Ukraine conflicts. Product Tankers are in a benefit of localized diesel shortages...
Cisco launches a technology to resolve unforeseen network difficulties.  The process would be initiated by the system capturing the data to understand customers’ patterns of usage.  Introduction of new technologies by Cisco has been forecasted to underestimate Traditional...
Seanergy Maritime announces acquisition of its 17th capesize vessel with prompt delivery and completion of previously-announced vessel sale, says a press release published on their website. About the agreement Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced that it has...
Navig8 has exercised an option to sell the 2018-built 110,600 dwt LR2 tankers Navig8 Pride and Navig8 Providence, currently on a long-term charter from Norway’s Ocean Yield. The vessels are owned by a joint venture owned 50% by Ocean Yield. Navig8...
A restructuring of the Korean shipbuilding industry has been drifting for two years and nine months because of the European Union’s reluctance to endorse a business combination of Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME),...
The state-run Export-Import Bank of Korea has signed a deal with Greece’s Angelicoussis Shipping Group to help it finance new vessel orders at Korean yards, reports LNG Prime. About the Financial Agreement Kexim’s chairman Bang Moon-kyu met with the chief of...

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