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News

Baltic Dry Index week 36

BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting...
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Aframax in the front seat

Tropical Storm “Gordon” tightens the tonnage availability Aframax owners is currently enjoying remarkably higher rates due to the bad weather in the US Gulf, up almost 15% over night. The...
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Baltic Dry Index week 35

BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures the point change in the cost of transporting...
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New VLCC vehicle ready for Oslo Stock Exchange

ADS Crude Carriers, a company founded by Arendals Dampskibselskab (ADS) in 2015, is heading for Merkur Market. Merkur Market is a marketplace owned by Oslo Stock Exchange, offering the fastest...
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Baltic Dry Index week 34

The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange...
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Scandinavian companies modernizing ship operation

Danish Maersk Tankers partners up with Norwegian Klaveness Digital Klaveness Digital has spent three and a half year on developing a cloud-based platform for processing, storing and export of operational...
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Market Report Week 31

Tankers  The year’s 31st week was relatively positive for owners of larger tankers. The rates for both VLCC and Suezmax rose, while the Aframax rates experienced a minor fall. It...
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Market Report Week 29-30

Tankers  The past two weeks have lifted the rates, despite the low season, to acceptable levels for the owners. We do not expect any major upticks before Q4, but the...
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Market Report Week 27-28

Tankers  The spot rate for Aframax continued its correction last week. The latest movement in the oil market is looking very positive for the sector, but it is common that...
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