The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday on weaker rates for large vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels…
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Japan Steelmakers Scramble for Coking Coal
Japanese steelmakers have bought coking coal from the United States, Canada and China to replace supply lost after a cyclone closed rail links in Australia, their biggest supplier, industry and trader sources said. Still, the Japanese buyers…
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U.S. spacecraft to take slingshot dive inside Saturn’s rings
CAPE CANAVERAL, Fla. (Reuters) - NASA's Cassini spacecraft soared past Saturn's biggest moon for the last time on Saturday, tapping its gravity to slingshot into a series of exploratory dives inside the planet's rings, followed by a final fatal plunge into the gas giant.
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China’s first cargo spacecraft docks with orbiting space lab
SHANGHAI (Reuters) - China's first cargo spacecraft docked successfully with the Tiangong-2 space lab on Saturday, the official Xinhua news agency reported, marking a major step toward Beijing's goal of establishing a permanently manned space station b...
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Shipping Still Hooked On Classics?
The shipping industry has long provided investors with opportunities for asset play, reflecting the volatility in prices and relative shifts in the value of certain classes or ages of ships, says a report by Clarksons Research. Recent months have been no exception…
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IMO in China to Share Policies
Addressing over 300 industry experts at the Green Shiptech China Congress 2017 (20-21 April), International Maritime Organization (IMO)'s Heike Deggim briefed the audience on the latest IMO regulations. She drew attention to the global 0.50%…
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USS Carl Vinson Pilot Ejects Safely at Sea
A pilot safely ejected and was quickly recovered by a helicopter assigned to Helicopter Sea Combat Squadron 4 aboard USS Carl Vinson (CVN 70) while conducting routine flight operations during a transit in the Celebes Sea. The incident occurred…
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Denmark Aims to be Global Maritime Power Hub
The Danish Government receives recommendations from the Maritime Strategy Team on how to maintain the Danish stronghold as a maritime nation towards 2025. The Maritime Strategy Team, headed by Chairman Jesper Lok, presents its recommendations to the Da...
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Indian Navy Fires Brahmos Land Attack Supersonic Cruise Missile
Indian Navy successfully undertook the firing of BrahMos Land Attack Supersonic Cruise Missile from a ship on 21 April 2017. This variant of Long Range BrahMos Missile was fired from Indian Naval Ship Teg, a Guided Missile Frigate, on a target on land.
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Global Deliveries Sending Out Mixed Signals
Despite the shipbuilding industry being under great pressure, global deliveries have exhibited some resilience and increased in 2015 and 2016 in dwt terms, says a report by Clarksons Research. However, due to the multi-cyclical nature of shipping, deli...
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