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Declined capesize earnings weaken Baltic Index

Baltic Index

Strengthened panamax rates earlier January did not retain Baltic Index due to diluted capesize demands Earlier this month, stronger panamax rates raising the Baltic Exchange’s main sea freight index elevated the industry’s optimism as it offset a drop in the larger capesize sector. However, further weakened rates for the larger …

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FOBAS detected low flash points in marine fuels

marine fuel oil

Several marine fuel oil samples tested found to have below 60°C SOLAS minimum criterion classed as off specification In Falmouth, Southwest England, marine fuel oil samples ordered as ISO-F-DMA grades recently tested by FOBAS were classed as off specification for their 58-59°C results. In accordance to a SOLAS’ 1981-issued mandate, …

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