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Baltic index breaks 5-session winning run on lower vessel rates

Image Credit: Shipping Herald Repost: The Baltic Exchange’s main sea freight index dipped on Tuesday, snapping a five session winning streak, as rates declined across the larger vessel segments. The overall index, which factors in rates for capesize, panamax, supramax shipping vessels, lost 116 points, or 3.4%, to 3,253. The …

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Surging Steel Prices Crimp S. Korean Shipbuilders’ Profitability Plans

Image Credits: The Maritime Executive Repost: Last weekend, the Indian government announced its move to increase export duties on finished steel and iron ore, with effects that could reverberate through the shipbuilding market. Effectively, the government imposed a 15 percent export duty on product categories that accounted for almost 95 …

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