Geopolitical rivalries are intensifying in the Arctic but Russia is willing to cooperate with foreign partners, including from the West, in economic ventures there that will benefit all sides, Russian President Vladimir Putin said on Thursday.In a majo...
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Increased Automobile Cargo Sent to the U.S. Ahead of Tariffs
Car-carrying ships have sent more cargo from Europe and China, Japan and Korea to the United States in the first months of the year than last year, shipping data showed, in a sign of companies front-loading shipments ahead of looming tariffs.A total of...
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Tariff Threats Prompt Expedited Pharmaceutical Shipments to U.S.
Some drugmakers are taking the unusual step of sending more medicines by air to the U.S., two executives and two logistics firms said amid fears President Donald Trump's April 2 tariffs announcement could include products made in Europe.Two…
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India Denies Entry to Ship Carrying Russian Oil Over Documentation, According to Source
Indian port authorities denied entry to an ageing tanker loaded with Russian crude on Thursday due to inadequate documentation, sources familiar with the matter said, an unusual move that indicates tightened scrutiny of vessels carrying Russian…
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Baltic Dry Index Falls for Third Consecutive Session
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt by weaker rates in the capesize segment.* The main index, which factors in rates for ca...
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U.S. Tariffs: BLG Group Planning for 15% Less Port Traffic
BLG Group, a logistics provider managing one of the world's busiest autos terminals at Germany's Bremerhaven port, said on Wednesday it is calculating scenarios for 15% less traffic as a result of the 25% tariffs expected on U.S.
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ABB: Contract to Deliver Efficiency Benefits for Portuguese Navy Vessels
ABB has secured a contract with the West Sea Shipyard located in Viana do Castelo, Portugal to equip six new offshore patrol vessels (OPVs) of the Portuguese Navy with an integrated power, propulsion, and automation system designed to ensure optimal ef...
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CIMAC Releases FAQs For Methanol as Marine Fuel
CIMAC WG 7 Fuels has released a new guideline titled “Frequently Asked Questions (FAQ) - ISO 6583:2024: Methanol as a Fuel for Marine Applications – General Requirements and Specifications.”With the publication of ISO 6583:2024 in November 2024…
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BP Mulls Shedding two US Offshore Stakes
BP is exploring the sale of minority stakes in two of its most valuable Gulf of Mexico oil projects — Kaskida and Tiber — as the energy giant recalibrates its strategy to prioritize oil and gas, according to two sources familiar with the matter.The…...
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New Product: Dinnteco Lighting Protection
Dinnteco America, aleader in lightning protection technology, announced today its latest solution for the marine, military, energy and transportation industries – the Electromagnetic Charge Compensation Device (DDCE).The DDCE is designed to…
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