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Baltic index slips on lower capesize, panamax rates

From www.hellenicshippingnews.com

The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, fell on Monday, pressured by lower rates for capesize and panamax vessels. 

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Target date set for CMB.Tech-Golden Ocean merger

From www.seatrade-maritime.com

The merger of CMB.Tech and Golden Ocean is set to close on 20 August 2025, following a Golden Ocean special general meeting on 19 August and provided conditions of the merger such as refinancing of Golden Ocean are promptly completed.

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Yangzijiang Shipbuilding Posts Record Profit

From maritime-executive.com

China's shipbuilding industry has grown by leaps and bounds over the last year, and so have its profits. 

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Hengli Shipbuilding receives third round of government subsidies

From www.seatrade-maritime.com

Guangdong Songfa Ceramics says that its subsidiary, Hengli Shipbuilding (Dalian), received Chinese government subsidy funds totalling RMB330 million ($45.9 million).

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Finland charges officers of Eagle S for cutting undersea cables

From www.seatrade-maritime.com

Finland’s Deputy Public Prosecutor has brought charges of aggravated criminal mischief and aggravated interference with communications against the Captain, First and Second Officers of the Eagle S.

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Chinese ships collide while pursuing Philippine boat

From www.bbc.co.uk

Watch: Chinese ships collide while pursuing Philippine boat
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Record warm seas help to bring extraordinary species to UK waters

From www.bbc.co.uk

The UK's seas have had their warmest first seven months of the year on average since records began.

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NYK joins space race with unmanned offshore rocket recovery vessel

From splash247.com

Japan’s Nippon Yusen Kaisha (NYK) is following compatriot Mitsui OSK Lines in targeting space exploration as a new source of revenues. 

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Chinese-built capes in demand

From splash247.com

Capesize transactions are ticking in at a steady pace, and Chinese-built bulkers are again selling at a rapid rate.  

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Eagle S officers charged over Baltic cable sabotage

From splash247.com

Finnish prosecutors have charged the captain and two senior officers of the Eagle S tanker, part of Russia’s so-called shadow fleet, over the alleged destruction of critical undersea cables linking Finland and Estonia last December. 

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Abraham Unger and Eli Glickman reportedly bid to take ZIM private

From splash247.com

Israeli business news outlet Calcalist is reporting that ZIM CEO Eli Glickman is teaming up with Israeli shipping magnate Abraham Unger in a bid to take ZIM private.

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DOF bags over $275m in vessel contracts with Petrobras

From splash247.com

Norwegian offshore vessel owner DOF has won two new long-term vessel contracts in Brazil. 

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Crowley Appoints New Leaders to Drive Advanced Energy Transportation

From maritime-executive.com

Crowley has announced key leadership appointments that will continue to strengthen it as a leader in advanced energy transportation and microgrid development sectors in the U.S. and across the Americas. 

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Tanker Catches Fire Off The Coast Of Vietnam

From www.marineinsight.com

The Vietnam Maritime Authority saved 20 crew members from a burning tanker off its coast.

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China Coast Guard Sends Unusual Patrol to Strait of Luzon

From maritime-executive.com

The China Coast Guard has dispatched three large cutters to the strategic Strait of Luzon, a rare patrol that has caught the attention of Philippine defense planners. 

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Turkey Releases Captain Jailed for 30 Years for Cocaine in Cargo

From maritime-executive.com

Turkish authorities quietly late on Friday, August 8, released the Croatian Captain Marko Bekavac, who had been previously sentenced to 30 years in jail after authorities found cocaine aboard the bulker he was commanding. 

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Glencore takes measure of its Bunge stake 

From www.world-grain.com

Agribusiness considered ‘non-core’ for industrial commodities company
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CBH Group partners to reduce maritime emissions 

From www.world-grain.com

Shipping companies use waste-based biofuels to transport grain
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Scoular adds office space in Coolidge, Kansas 

From www.world-grain.com

The 4,000-square-foot conference room will host events
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Oil Market: Oil Prices Stabilize Ahead of US-Russia Negotiations on Ukraine Conflict

From energy.economictimes.indiatimes.com

Oil prices remained steady on Monday after a significant drop last week, as investors anticipate crucial talks between the US and Russia regarding the ongoing war in Ukraine. UBS has revised its Brent crude forecast downward, indicating shifting dynamics in the oil market.

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India's Power Demand Sees 2.4% Increase in July Driven by Industrial Resurgence

From energy.economictimes.indiatimes.com

India's power demand rose by 2.4% year-on-year in July, reaching 154 billion units, thanks to a rebound in industrial activity. 

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Vinayak Patil | Let’s decode the chaos of Laycan, NOR, Turn Time (TT), & Laytime

From www.linkedin.com

In shipping, time is more than just hours on a clock, it’s a contractual currency. Every port call is governed by a sequence of steps that decides when the clock starts, when it stops, and who pays if it runs over.

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US and China extend trade truce deadline for another 90 days

From www.bbc.co.uk

The US will hold its levy on Chinese imports at 30%, while China will keep a 10% tariff on American goods.

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