European Stocks Shrug Off Weakness in Asia

Global stocks were mixed Thursday, as the macroeconomic anxieties behind recent wild swings continued to drag on Asian bourses. The Stoxx Europe 600 was up 0.2% in opening trading, slightly extending its rally so far this week after dropping 5% in the past month. That followed a drop in Asia-Pacific markets, where Chinese stocks in
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The members of the European Network of Maritime Clusters (ENMC) have unanimously agreed, during the annual meeting held in Malta, to release the following statement on the departure of the United Kingdom from the European Union; “The European maritime community supports Maritime UK’s ambition for a mutually beneficial deal between the UK and EU. “At
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Liege Airport and AirBridgeCargo Airlines have signed an historic lease agreement for 10 years. This arrangement will bring the scale of cooperation between two companies to the next level of development, boosting air cargo volumes of ABC to/from the airport and placing Liege Airport among the top 5 cargo airports in Europe by 2020. The
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In a move to continue strengthening their logistical operations, World Fuel Services (WFS) has welcomed a new supply vessel to its offering. The 75m LOA, 3100 DWT product tanker, Whitstar, was deployed in early September 2018 to operate along the east and south coast with the task of servicing UK terminals Whitstar World Fuel Services
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The European thermal coal market was struggling with close to record high stockpiles at the key Amsterdam-Rotterdam-Antwerp hub, as an increased volume of off-spec coals flowed into the region, sources said. European utilities have been blending off-spec coals for many years as it is typically a more economical way of achieving the most favorable heat,
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Northwest European liquefied natural gas terminals are for the first time exporting more of the fuel than they are feeding into the region’s pipeline networks. Even with the European benchmark at a record for this time of year, surging demand in Asia to South America means traders are sending ships with the super-chilled gas there
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A tight RMG 380 CST market has left demand for RMK 500 CST bunker fuel slack in recent weeks in Northwest Europe. Demand for the high viscosity RMK 500 CST fuel has been lackluster both in Europe and Singapore as stocks of RMG 380 CST have plummeted in both regions on a series of off-specification
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European capital goods companies are starting to show the strain of Washington’s trade conflicts with China and other countries, as tariffs push up costs for machine parts and raw materials and threaten to worsen supply bottlenecks. Makers of machines that rely on thousands of small parts from around the world – from Swedish lawnmower maker
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The European shipowners are pleased with the European Council’s decision of 30 July to extent the mandate of EU NAVFOR Somalia Operation Atalanta until 31 December 2020. The objectives of the Operation Atalanta is the deterrence, prevention and repression of acts of piracy and armed robbery off the Somali coast and the protection of the
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Clean freight rates for Medium Range tankers have returned to 2018 lows seen earlier in the summer after a brief surge in activity in the second half of July. A weaker US Gulf market has again attracted ballasting ships to European waters, while West African demand, which led to increased fixing activity in mid-July, has
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