Esben Poulsson, Chairman of the International Chamber of Shipping, has set out what the industry would like the International Maritime Organization (IMO) to achieve as part of its CO2 reduction strategy for the shipping sector. Speaking at The Economist’s World Ocean Summit in Indonesia…
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US Detains 2 Panama-flagged Bulkers
Two Panama-flagged bulk carriers were detained in the U.S. on February 23, 2017, after substandard safety issues discovered during routine exams aboard the vessels along the Columbia and Willamette Rivers. The Atlantic Ruby, a 590-foot bulk carrier was boarded in Portland on February 23…
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Asia Tankers-VLCC Rates to Slide Further
Around 30 VLCC charters in Feb so far, versus 50 last month. About 40 refinery facilities to close for maintenance. Freight rates for very large crude carriers (VLCCs), which fell to multi-week lows on Thursday, could slip further as refinery…
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Asia-North Europe Box Rates Up 7 pct
Container spot freight rates from Asia to Northern Europe rose 7 percent to $961 per twenty-foot equivalent units (TEU), the Shanghai Containerized Freight Index showed on Friday. Maersk Line, a unit in Danish shipping and oil group A.P. Moller-Maersk…
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Baltic Index Rises on Broad Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday on stronger demand across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels…
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Scientists turn to Chile’s Atacama desert to study life on Mars
SANTIAGO (Reuters) - Astrobiologists seeking to understand where life might be found on Mars, and what form it might take, are finding that the Atacama desert in Chile, the driest in the world, may hold some important clues.
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SpaceX cargo ship reaches space station after GPS glitch delay
CAPE CANAVERAL, Fla. (Reuters) - A SpaceX cargo ship reached the International Space Station on Thursday, delivering science experiments, food and supplies to astronauts a day later than planned due to a GPS data glitch.
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OLT Seeks up to 20 LNG Cargoes
Italy's OLT LNG import terminal moored off the Tuscan coas t is seeking up to 20 cargoes of liquefied natural gas (LNG) for delivery between April and September, two trade sources with direct knowledge of the tender said on Thursday. The Italian firm is seeking delivery of two cargoes in September…
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Vitol buys Angola LNG Shipment
Trading house Vitol purchased a liquefied natural gas (LNG) shipment from Angola's Soyo production facility following a tender, trade sources said. The vessel is currently sailing off South Africa on a heading which indicates a delivery to India or mar...
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Asia Dry Bulk-Capesize Rates Up on Increased Traffic
Record iron ore prices fuelling capesize chartering boom; freight rates rise by around $1 per tonne in a week. Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-week highs on Wednesday, are set to continue to climb next week on buoyant iron ore cargo volumes…
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