Mauritius signs Jeddah Amendment on illicit maritime activity

Mauritius has become the 15th signatory to the Jeddah Amendment to the Djibouti Code of Conduct—the instrument developed and adopted by countries in the Western Indian Ocean and Gulf of Aden that has been a key factor in repressing piracy and armed robbery against ships operating in that region. The Amendment significantly broadened the scope
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The ships’ demolition activity has began to feel the weather effects of the Southeast Asia region. In its latest weekly note, Clarkson Platou Hellas commented that “as the monsoon rains begin to slow productivity down in the Indian sub-continent, a reflection of this slow period has been reflected in the very few sales candidates to
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Since a collaboration with Intercontinental Exchange took effect six months ago, S&P Global Platts has seen a substantial increase in natural gas trade information on a day-to-day basis, resulting in a more enhanced view of the markets. In the agreement, which went online October 31 for spot trades and in December for bidweek transactions, Platts
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The freight market for VLCCs has continued to remain unimpressive. According to the latest weekly report from shipbroker Gibson, there was “no improvement for previously sliding VLCCs….a slow week as Charterer’s proceeded to gently close out the April programme and had to wait upon May schedule confirmations. Availability remained abundant, and rates slipped further to
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The UK manufacturing sector maintained a steady growth in March, survey results from IHS Markit showed Tuesday. The IHS Markit/Chartered Institute of Procurement & Supply manufacturing Purchasing Managers’ Index rose slightly to 55.1 in March from 55.0 in February. The score was forecast to fall to 54.7. Compared to official data, the performance through quarter
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Activity in the Baltic regions has surged in the last 10 days as port authorities in Ust-Luga and St. Petersburg in Russia have announced that they will only allow the transit of ice-class vessels in their harbors from March 6. As the cold weather conditions in the Baltic ports are expected to worsen over the
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