Franbo Lines eyes handysize bulker newbuildings in Japan
Bulker owner to pay at least $30m each for the new ships as it aims to sell older tonnage
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August 2021
Chemical tanker demolition sale breaks the $1,000-per-ldt barrier
Turkish-controlled ship fetches the highest scrap price seen in nearly a decade
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China goes from Driver to Brake for crude oil, iron ore and copper
China has switched from driving global demand for major commodities to being a drag on growth, with July’s customs data confirming the weakening trend for imports of crude oil, iron ore and copper.The exception to the trend was coal, but the…
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Oil slides 4% on China Virus Curbs, Climate Warning
Oil prices fell by 4% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.A United Nations…
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Haifa Port Sale expected to fetch $600m or more, Bidders Line Up
Four investment groups are looking to acquire the Israeli port of Haifa estimated to be valued as high as $600 million with formal bids expected towards October, sources with knowledge of the matter said.Israel is selling its state-owned ports…
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