Maritime LEO Networks

Maritime communications came a long way before they could deliver the first Global Maritime Distress and Safety System (GMDSS), but it is fair to say that their forward march has only accelerated in the two-and-a half decades since. Today, shipping companies rely on satellite connectivity not only to protect their vessels and people but also …

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Asia-US container rates fall as carriers eye blank sailings to keep floor on prices

Rates for shipping containers from east Asia and China to the US fell this week, but carriers have announced an increase in blank sailings so they can tighten capacity and maintain a floor on prices. Rates have been falling steadily since July as importers pulled forward peak season volumes to get ahead of the dock …

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VLCC Market Steady Last Week

Clean LR2 LR2’s in the MEG came back under downward pressure this week, with several reports of demand easing up. TC1 dropped 13.05 points to WS120.28 mark (A Baltic TCE of around $22,000 / day). Meanwhile, a run to the UK-Continent on TC20 shed around $231,000 of its value to the $3.96m level, with the …

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Asia-Europe trade on fast track as ASEAN Express accelerates from Chongqing

An ASEAN (Association of Southeast Asian Nations) Express train set off for Poland’s Malaszewicze via southwest China’s Chongqing Municipality on Friday morning, marking the opening of a fast-track route for Asia-Europe trade. The train, loaded with automotive electronic components and other goods, left Chongqing’s Tuanjiecun Station at about 5:00 a.m. and is expected to reach …

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Stena RoRo takes delivery of RoPax vessel Saint-Malo with strong focus on sustainability

Stena RoRo last week took delivery of E-Flexer No. 11 – in a series of 15 vessels – from the Chinese shipyard CMI Jinling (Weihai). The ship is the Saint-Malo and is long-term chartered to the French shipping company Brittany Ferries. In February next year, the ship will enter the Portsmouth – Saint-Malo route, where …

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