Latest News for: Trading vessels

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Emerging ship security challenges

SAFETY4SEA 23 Apr 2024
The vessel did not have any armed guards onboard and was sailing alone ... This operation was distinct from past attacks, and the vessel was captured, demonstrating the Houthis’ capabilities ... Inflation, rates, and trade costs will rise accordingly.
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Marketers Lament as 45% Banks’ CRR Hampers Buying Products in Cargoes from Dangote Refinery

This Day 23 Apr 2024
He said the banks are now handicapped to lend huge amount that would enable marketers to buy large volumes of products with vessels from the Lekki Free Trade Zone-based 650, 000 barrels per day refining facility.
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Survey: General Cargo Ships Lag Far Behind on Measures of Crew Wellbeing

The Maritime Executive 22 Apr 2024
Seafarers who have spent enough time in international trade are familiar with a general pattern in vessel quality ... "General cargo vessels lag significantly in providing crew connectivity," Idwal observes ... "General cargo vessels .
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GMS: Recycling markets start to perk up

SAFETY4SEA 22 Apr 2024
The recent downtick in freight rates across key trading sectors has finally seen a sudden (and merciful) surge of containers, general cargo vessels, and even tankers being offered for sale into the ...
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World’s first ammonia-fuelled aframaxes ordered

Splash24/7 22 Apr 2024
The 115,000 dwt vessels will be built at Dalian Shipbuilding, with delivery expected in 2027, under a charter with Petronas’ Petco Trading Labuan Company Ltd (PTLCL). Financial terms have not been disclosed ... .
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Germany Arrests Three People Suspected of Spying for China

Time Magazine 22 Apr 2024
Herwig F. and Ina F ... The couple is believed to have arranged a deal with a German university on behalf of a Chinese organization to provide research information on combat vessel technology in violation of the German Foreign Trade and Payments Act ... .
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Germany to send new frigate to protect ships in Red Sea

South China Morning Post 20 Apr 2024
Yemen’s Iran-based Houthi rebels have attacked almost 100 vessels in the vital trading route of the Red Sea and the Gulf of Aden in months of strikes ... .
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How Yemen’s dominant Houthis blackmail foreign aid agencies

Live Mint 20 Apr 2024
While Arab leaders shed crocodile tears, one of the world’s poorest countries fires ballistic missiles at Israel and targets vessels passing through Bab al-Mandab, a chokepoint for international trade ... The Houthis rejoice in encouragement from abroad.
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Shipping on alert as Israel retaliates against Iran

Splash24/7 19 Apr 2024
The British military’s United Kingdom Maritime Trade Operations centre said that there are currently no indications that commercial maritime vessels are intended targets but advised shipmasters to ...
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Houthi attacks in Red Sea preventing food, medicine from reaching vulnerable populations: US State Secy

Beijing News 19 Apr 2024
The Houthi attacks on commercial vessels on Red Sea trade routes started in mid-November, with the group linking the disruptions to its demand for an end to Israel's offensive in Gaza and the delivery of aid to Palestinians 'under siege'.
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NGO Shipbreaking Platform: 127 ships were dismantled from January to March 2024

SAFETY4SEA 19 Apr 2024
The scrapping of the vessels THANOS (IMO ) and JARVIS (IMO 9197301), both owned by Irish company Trade Credebt Limited, on the beaches of Bangladesh and India has drawn attention from Irish media ... Trade Credebt, however, rejected any account ability.
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Customs seize about 360 kilograms of dried shark fins heading to Macau

Hong Kong Standard 19 Apr 2024
Customs stated that they had received intelligence and began to station patrol ships to track the relevant river trade vessel via surveillance cameras. As the vessel neared the south-west waters, ...
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Transport ministry proposes maritime infrastructure plans by 2030

The Saigon Times 19 Apr 2024
The plan outlines strategic upgrades to maritime infrastructure, including deepening waterways and modernizing port facilities to accommodate larger vessels and accommodate the surging trade volumes expected in the coming decade.
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Green and Digital Shipping Corridor for Ports of LA, Long Beach and Singapore could create ...

Orange County Register 19 Apr 2024
Vessels operating on the corridor represent 7% of the world’s container trade, which is about 1% of Singapore’s, 14.5% of Port of Long Beach’s, and 20% of Port of Los Angeles’ traffic;.
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