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Greece Examines Impact of US Blacklisting of Piraeus Port Owner COSCO

Greece’s biggest port Piraeus is operating normally following a U.S. blacklisting this week of its majority owner, China’s largest shipping group COSCO, while the Greek government is examining its potential impact, sources told Reuters on Friday. The U.S. Defense Department said on Monday it had added COSCO Shipping to a list of companies it said …

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Tankers: VLCC Market Edging Higher

Clean LR2 MEG LR2 freight strengthened this week off the back of significantly improved demand generating firming sentiments. TC1 75Kt MEG/Japan jumped 14.33 points to WS132.22. A run to the West on TC20 90kt MEG/UK-Continent went from $3,330,000 to $3,750,000. West of Suez, Mediterranean/East LR2’s on TC15 dipped by $70,833 to $3,150,000. LR1 The TC5 …

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Dry Bulk: Atlantic Panamax market plummets as tonne-mile demand falls short

The Atlantic Panamax markets entered the fourth quarter with a cautious outlook due to the ongoing lag in demand for the sub-Capesize sector. The Atlantic market was poised for significant negative volatility during this quarter, as it was no longer supported by longer distances resulting from re-routing due to the Suez Canal disruption, which had …

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