The Baltic Exchange's main sea freight index rose on Monday, supported by strong demand across capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 26 points, or 1.5%, to 1,774 points…
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Cargo Dips in July at Port of Long Beach
Tariffs continue to hamper trans-Pacific trade.Port of Long Beach cargo volumes last month were down from the previous July, when the number of containers moved through the harbor neared 700,000 twenty-foot equivalent units (TEUs).The July 2019 total, ...
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Global Trade Center Stage at Poland’s Maritime Conference
The biggest annual gathering of Poland’s maritime industry leaders, the Maritime Economy Forum Gdynia is unveiling its program.The day-long event, now in its 19th year, takes place on October 11 in Gdynia, featuring 30 speakers with 600 senior…
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New Name for MMC Green Technology
MMC Green Technology AS will be renamed Norwegian Greentech AS.In connection with the sale of MMC First Process, it was agreed that MMC Green Technology would change its name. The new name is Norwegian Greentech AS, and Havyard Group ASA is the company...
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HSFO, EGCS Better for Reducing Global GHG
Members of the Clean Shipping Alliance 2020 have welcomed a new addition to the canon of scientific literature relating to exhaust gas cleaning systems (EGCS), the latest of which indicates that continued use of residual fuels with a scrubber…
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Damen Delivers Stan Tug to Caspian Offshore
Caspian Offshore Construction has recently taken delivery of a Damen Stan Tug 1606 ICE class in Kazakhstan. The company turned to Damen when a contract they secured required fast delivery of a small ice class vessel.Damen was able to have the…
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Chinese space startup revs up for reusable rocket race
Chinese startup LinkSpace on Saturday completed its third test of a reusable rocket in five months, stepping up the pace in China's race to develop a technology key to cheap space launches in an expected global boom in satellite deployment.
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Meyer Werft to Float Out of Norwegian Encore Soon
Norwegian shipbuilder Meyer Werft announced that Norwegian Cruise Line (NCL)'s newest cruise ship Norwegian Encore will most likely be leaving the covered building dock II on 17 August 2019.The ship has a rating of 169,145 GRT and measures 333.46 m in ...
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Kenya Boosts Maritime Security
Proper implementation of International Maritime Organization (IMO)'s maritime security measures is essential for trade.Kenya is the latest country to benefit from training on the implementation of SOLAS Chapter XI-2 and the International Ship and Port ...
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Oil Outlook Becomes Gloomier: Rystad
Rystad Energy said the oil market was going “from gloomy to gloomier”, calling into question the consultancy's own bullish view for the first part of 2020.Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market t...
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