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Asia’s factories falter in June, trade truce fails to brighten outlook

Factory activity shrank in most Asian countries in June as the simmering U.S.-China trade conflict put further strains on the region’s manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession. A series of predominantly downbeat business surveys and official indicators released on Monday followed the Group of 20 summit in Osaka, Japan, where leaders on Saturday warned of slowing global growth and intensifying geopolitical and trade tensions. The United States and China agreed at the summit to restart trade talks after President Donald Trump ...

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G20 offers a positive sign for the global economy

For the past two years, the annual gatherings of the G20 group of international leaders have been dominated by differences over climate change and trade — and the most recent summit in Osaka, Japan, proved that nothing has changed. While it is called the G20, in fact it’s the gathering of 37 presidents, prime minister and heads of key intergovernmental organisations such as the International Monetary Fund. The gathering was set against increasing concern over potential damage to the global economy if the current trade and tariff-fuelled feud between the ...

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China warns of long road ahead for deal with U.S. after ice-breaking talks

China and the United States will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely, Chinese state media said after the two countries’ presidents held ice-breaking talks in Japan. The world’s two largest economies are in the midst of a bitter trade war, which has seen them level increasingly severe tariffs on each other’s imports. In a sign of significant progress in relations on Saturday, Chinese President Xi Jinping and U.S. President Donald Trump, on the sidelines of ...

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Haropa 4K V9

HAROPA, the 5th largest port complex in Northern Europe, is a joint venture between the ports

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Tanker Market Rates 01/07/2019

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

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Tanker Market Rates 30/06/2019

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

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Tanker Market Rates 29/06/2019

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

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ABS Introduces Industry-leading Advisory to Help Solve Fuel Technology Challenges

ABS published its Advisory on Gas and Other Low Flashpoint Fuels providing guidance on available technologies, regulatory requirements and installation and operational considerations for adopting gas or other low flash point fuels. “The majority of the deep-sea shipping fleet will be using conventional and emerging lower sulfur residual and distillate fuels to meet the 1 January 2020 IMO global fuel sulfur limit of 0.5%. However, in the short and mid-term, shipping will trend towards a reduction in conventional fuels in favor of alternative fuels such as low flashpoint fuels and ...

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MABUX: Bunker Market this morning June, 28

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) continued upward changes on June. 27 380 HSFO – USD/MT 416.15 (+6.75) 180 HSFO – USD/MT 454.75 (+6.9) MGO – USD/MT 658.90 (+6.09) Meantime, world oil indexes o demonstrated irregular changes on June. 27 as market remained wary of the outcomes of meetings that Xi, Putin and Salman have with U.S. President Donald Trump at the G20 summit in Osaka, Japan, beginning today. Brent for August settlement ...

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Viking Crew brings a new experience to online job searching

A brand-new website and online candidate account portal has been designed to give crew a fresh experience of finding their next challenge in their career and ultimately the perfect job. The platform provides a secure portal which is easy and simplified for crew to register, store and update their personal information. With our busy and hectic lifestyles becoming more commonplace, the application steps have been streamlined to reduce the time needed to you to apply for that perfect position. The new Viking Crew Job alerts also give candidate instant access ...

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A Ship and Its Crew Get Entangled in Trump-Xi Huawei Battle

Some of the people most eager to see a resolution in the U.S.-China trade conflict may be the crew of a ship circling in the East China Sea. The Amazon, laden with Canadian canola, has been travelling back and forth in the waters around Xiamen port for four weeks after leaving Vancouver on May 7, according to Bloomberg shipping data and a person familiar with the situation. Chinese authorities have been repeatedly carrying out quality inspections on the cargo, the person said. Canada has become embroiled in the trade spat ...

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Global shipping industry facing higher fuel prices

Shipping industry is indeed facing higher fuel prices as it must switch from the use of high sulphur fuels to those below one percent in order to meet the new international marine environment policy for fighting pollution by eliminating the use of the biggest marine polluters sulphur dioxide and nitrogen dioxide effective from next year. This represents a new challenge for ship owners globally in order to figure out how to deal with this new policy. Their current fuels are no longer acceptable and they must reduce the fuels’ sulphur ...

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Yang Ming Announces New China-Thailand Direct Service

Under the impact of rising global trade tensions, a relocation and adjustment of cargo flow and supply chains is expected. To cope with this trend, Yang Ming Marine Transport Corp. continuously strengthens its Asian service network as well as the quality of Asian routes. Yang Ming has announced the launch of a new Intra-Asia service, China-Thailand Service (CTX service). The first sailing is scheduled for July 12th 2019, departing from Shanghai. A total of three container ships with loadable capacity of 1,200 TEU will be deployed for CTX service, of ...

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Damen Stan Tug 1606 E3 the first IMO TIER III compliant harbour tug in the Mediteranean

Damen Shipyards Group has signed a contract with Spain-based major ferry operator Baleària for the delivery of a Stan Tug 1606 E3. The contract was signed by Mr. Ettore Morace and Guillermo Alomar, executive director of operations and fleet director of Baleària respectively and Carlos Gonzalez Martin on behalf of Damen. The vessel is an answer to increasing demands for sustainability in the maritime industry. It will be the first IMO Tier III compliant tug to operate in the Mediterranean Sea and the first Damen vessel to serve in Baleària’s ...

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Why China, Finland Are Proving Big Obstacle For Chabahar Port Development?

The Chabahar Port which has been vehemently backed by New Delhi remains vital for India’s regional connectivity to Afghanistan and Central Asia. However, India has been encountering delays and deferments despite the US not sanctioning the strategic port. What is holding India back to fulfil its ambition of boosting its regional connectivity? According to reports in Indian Media, the European and Chinese companies who had acquired the bid to supply equipment for the Chabahar port are now reluctant to cooperate. Senior Indian government officials stated that the suppliers dread the ...

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