Category: TradeWinds News

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China’s top court limits coronavirus liabilities for shipping firms and yards

Supreme court is seeking to mitigate the liabilities of those who could not fulfil shipping, vessel repair and shipbuilding contracts due to Covid-19

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Capesize market shows signs of slowing after record-breaking week

Capesize earnings have nearly doubled since Monday, but for how much longer can the upturn be sustained

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Carnival names new chief operating officer, will lead maritime

Weinstein will remain in charge of the company’s two UK cruise lines

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Wallenius Wilhelmsen pleads guilty to Aussie cartel charges

Authorities say long-running investigation into trio of shipowners is now close to being resolved

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US hits out at Venezuela again, sanctions two tankers

Meanwhile, sanctions are removed on two other ships blacklisted earlier this month

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Good news for Navigator terminal as exports rise, Fearnleys says

The LPG carrier owner is expected to move ships to petrochemical trades, the investment bank believes

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UK charity apologises for criticism of ITF’s crew strike campaign

Human Rights at Sea has retracted statement attacking what it called union’s “vigilante” action

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Capesize earnings in record increase for second day as dry bulk rates spike

As Baltic Dry Index jumps by 23% in a day, brokers say the futures market shows party may already be over

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Norwegian fjords provide scenic location for PCTC lay-ups

Car carrier giant says locations chosen for benign weather and proximity to major trade lanes

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Cruise bankruptcies could be among most complex in history

A cruise line bankruptcy would be “thorny and complex,” according to Reorg Research analysts

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