The Baltic Exchange's main sea freight index fell on Wednesday, weighed by capesize rates hitting their lowest level in nearly a month and lower earnings at the panamax segment.The Baltic dry index, which tracks rates for ships ferrying dry bulk commod...
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Seven Ships Catch Fire at Iranian Port
At least seven ships have caught fire at the Iranian port of Bushehr, the Tasnim news agency reported on Wednesday, in what appeared to be the latest in a series of unexplained incidents around nuclear and industrial installations since late June.No ca...
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Disabled Log Carrier Towed into NZ Port for Repairs
A log carrier that lost power and went adrift while leaving New Zealand's Port of Tauranga last week has been towed into port for repair and further inspection, local maritime authorities said.The Singapore-flagged Funing was outbound for Lanshan…
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Total Shipping Losses Are Declining, But Challenges Persist -Report
The record low 41 large shipping losses worldwide in 2019 represents a 20% improvement year-on-year and almost 70% over a decade, but the coronavirus crisis could endanger the long-term safety improvements in the shipping industry for 2020 and beyond…
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Crew Kidnappings Soar in West Africa
Crew kidnappings and violent attacks on vessels in the oil-rich West Africa region have soared in 2020, with 77 seafarers taken hostage or kidnapped for ransom since January, according to the ICC International Maritime Bureau’s (IMB) latest…
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American Club Managers Promote Ioannou, McCafferty
Shipowners Claims Bureau, Inc. (SCB), the Managers of the American Club, has announced senior appointments to its management team in New York. Dorothea Ioannou takes on the role of Deputy Chief Operating Officer (DCOO) with immediate effect…
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Seafarer Welfare App to Launch by Isle of Man Ship Registry
The Isle of Man Ship Registry is set to launch what is reported to be the first seafarer welfare app designed by a ship registry. Set to launch in July 2020, the app will be free to around 11,000 seafarers sailing on more than 400 vessels under…
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Keppel to Deliver Components for Two MODEC FPSOs
Singapore's Keppel O&M has received orders from Japan's FPSO leasing company MODEC to deliver components for two FPSO units. The orders are worth S$73 million (USD52,5 million) in total.In Singapore, Keppel Shipyard will fabricate, complete…
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Crew on Two US-flagged Boxships Test Positive for COVID-19
German container shipping line Hapag-Lloyd said in a notice to customers Monday that positive COVID-19 cases have been confirmed among crew on board two of its U.S.-flagged containerships. "We regret to inform you that during normal operations of our P...
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US Rejects China’s Claims in South China Sea
The United States on Monday rejected China’s disputed claims to offshore resources in most of the South China Sea, a move that Beijing criticized as inciting tensions in the region and which highlighted an increasingly testy relationship.China…
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