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The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, for a third straight session, on rising demand across all vessel segments.
Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates.
Freight rates for very large crude carriers
BIMCO has published three standard novation agreements that provide a legal framework to change one of the original parties to a contract.
Two of the agreements