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Euronav Says Crude Tanker Market is Well Positioned for Multi-Year Upcycle

Euronav NV reported its final financial results today for the full year to 31 December 2022. The large crude tanker market is well positioned to start a multi-year upcycle based on strong fundamentals and well supported tanker market specific catalysts: • Orderbooks at +25 years lows • Contracting of newbuilding constrained by high vessel prices, …

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MSC reintegra recaladas en Vancouver a servicio California Express tras resolverse congestión …

La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …

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Puerto de Houston registra sólido febrero en medio de disminución en volumen de importaciones

Puerto de Houston registra sólido febrero en medio de disminución en volumen de importaciones Read More »

Baltic index marks worst week in 6 on lower capesize, supramax demand

The Baltic exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, posted its biggest fall in six weeks, pressured by lower shipping rates for capesize and supramax segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 14 points, or 1.0%, to its lowest since …

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Q1 2023 Forecast: Container Values Stabilize, Tanker Tonne Mile Demand Expectations Remain Strong

The Q1 2023 Forecast is a collaboration between VesselsValue and ViaMar that focusses on predictions for the Bulker, Tanker, Container and LPG sectors. The report seeks to pinpoint directional changes in values as well as earnings, addressing key development through 2026. We take a look at the main points from the Tanker forecast: While Russian …

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Reset for critical raw mineral trade

EU Commission president Ursula von der Leyen is crystal clear on the direction of travel for critical raw mineral supply in the bloc. She has publicly stated that lithium and rare earths “will soon be more important than oil and gas”. European Union demand for rare earths alone is anticipated to increase fivefold by 2030, …

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Hello, goodbye: Shipping’s latest entries and exits on Wall Street

Shipping stocks are having a good run, generally outperforming the S&P 500, Dow Jones Industrial Average and NASDAQ 100 during the past three years amid the pandemic and Russia-Ukraine war. For those looking to place more bets on U.S.-listed shipping stocks, the lineup is in flux. There are new listings on the New York Stock …

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Shipping fleet statistics: 2022

Headline figures Gross tonnage on the UK Ship Register (UKSR) rose 1% to 10.3 million gross tonnes at end December 2022. Official data from the MCA, for all merchant vessels over 100 gross tonnes, shows that gross tonnage on the UKSR increased but remains 36% lower than the 2017 peak. Based on world fleet data …

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Refining margin for VLSFO drops over 10% in March

Asia’s refining margin for 0.5% very low sulphur fuel oil fell by more than 10% in March compared to the start of the month, data showed on Friday. The front-month crack (LFO05SGDUBCMc1) closed at $9.70 a barrel at the Asia close (0830 GMT) on the last trading day of March. Asia’s VLSFO market came under …

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Viterra exits Russian grain trade; team to create new Russian exporter

Global grain trader Viterra’s management team in Russia plans to create an independent Russian grain exporter once the company ceases export activities in the country, the head of its Russian office, Nikolai Demyanov, told Reuters on Thursday. Viterra, part-owned by Switzerland-based mining and trading giant Glencore GLEN.L, has decided not to continue its origination and …

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