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March 6, 2025
Ship tracking data revealed that U.S. crude oil exports to India reached their highest level in two years last month, as refiners sought alternatives to Russian tankers and producers after the U.S. tightened sanctions. Kpler's ship tracking data showed that the U.S.
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March 5, 2025
Donald Trump, the U.S. president, is currently drafting a draft executive order to resuscitate domestic shipbuilding while reducing China's dominance of the global ocean transportation industry which handles over 80% global trade. The draft fact sheet…
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March 5, 2025
The Royal Navy of Britain said Wednesday that it had monitored a Russian merchant ship and a warship this week as they traveled through the English Channel to the North Sea. The Royal Navy stated that HMS Somerset "watched each move" while Russia's…
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March 5, 2025
On Tuesday, U.S. president Donald Trump informed Congress that his administration would create a shipbuilding office in the White House as well as offer new tax incentives to the sector. In a late-night address on Tuesday, Trump announced that…
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March 4, 2025
The Chinese coastguard said on Wednesday that it had monitored a Philippine civil boat on Tuesday delivering daily supplies to the "illegally anchored" warship on the Second Thomas Shoal. China and the Philippines both claim the territory, and they often clash in the surrounding waters.
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March 4, 2025
People familiar with the decision say that the U.S. Navy has eliminated Lockheed Martin Corp. from the competition for its next-generation stealth fighter. This is a crucial part of the plans to face China at home. Lockheed Martin will be eliminated…
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March 3, 2025
The Egyptian Ministry of International Cooperation announced on Monday that Egypt and the European Commission had signed a soft funding agreement worth 90 million euros ($93.9 millions) to improve food security. The European Investment Bank's…
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March 3, 2025
South Korea's Navy said that the USS Carl Vinson aircraft carrier arrived in Busan, a southern port city in South Korea, on Sunday to make a display of force against North Korea. The first U.S. Aircraft Carrier to dock in a South Korean Port since the second term of U.S.
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February 28, 2025
Seoul's Industry Ministry said that the South Korean industry minister asked for a tariff exemption during talks with U.S. officials, while Washington is moving forward with plans to implement new tariffs. Ahn Duk Geun met with U.S. Trade Representative Jamieson Greer, U.S.
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February 27, 2025
Norwegian Cruise Line Holdings reported a profit that was below Wall Street expectations on Thursday. This means the cruise operator must increase its efforts to cut costs in order to meet high demand for leisure travel. Oceania Cruises shares…
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February 27, 2025
European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 133,000 metric tonnes of animal feed corn at an international auction on Thursday. Two consignments of corn were purchased for South Korea, both in May and in June.
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February 27, 2025
European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 133,000 metric tonnes of animal feed corn at an international auction on Thursday. Two consignments of corn were purchased for South Korea, both in May and in June.
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February 27, 2025
Jordan's state grain purchaser has announced an international tender for up to 120,000 tons of milling whey that can come from optional origins. The deadline for submitting price offers to the tender is March 11, 2019. Traders had expected a new announcement after Jordan failed to purchase 120…
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February 27, 2025
Subsea 7 - a Norwegian energy services group that plans to merge its Italian rival Saipem - announced on Thursday that its core profit increased 53% in the last year, as per its previous guidance. Subsea 7 announced adjusted earnings before taxes…
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February 27, 2025
Chicago wheat futures declined on Thursday. Their decline from an eight-month peak last week has now reached around 7%. It became apparent that Northern Hemisphere Winter crops had survived a period with cold weather without major damage. All…
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February 26, 2025
Transpetro is the logistics division of Brazil's Petrobras. It reported on Wednesday a 74% rise in its net profit in 2024. This was despite the fact that the parent company's profit dropped due to non-recurring incidents in the period. Transpetro…
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February 26, 2025
In the last few weeks, a group of Brazilian transgenders women has been learning the samba as they prepare for the Carnival parade in Rio de Janeiro. The women will be leading the last section of a parade in support of Paraiso do Tuiuti samba school…
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February 26, 2025
The CEO of Italy's Saipem group stated on Wednesday that the rationale behind a merger of Italy's Saipem with Norway's Subsea 7 was to combine fleets to better serve customers and reduce costs. On Sunday, the two companies announced their intention…
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February 26, 2025
Marsa Maroc, Morocco’s largest port operator, announced on Wednesday that it had been awarded a contract for the operation of a second terminal in Nador West Med Port on the Mediterranean Coast. The terminal is 18 meters deep and extends along 1440 metres of quay.
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February 26, 2025
The fund manager announced on Wednesday that Copenhagen Infrastructure Partners had agreed to purchase an offshore wind project from COBRA Group and Flotation Energy in Britain. Morecambe is a 480 megawatt offshore wind project located in the Eastern Irish Sea, off the coast of Lancashire.
