John Konrad and Sal Mercogliano discuss the maritime news of the week in this latest episode of the gCaptain Weekly. Topics include the SEACOR Power capsizing, an update on the Ever Given wreck removal, new monthly numbers from the Port of Los Angeles’, the Golden Ray wreck removal, and more:
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Container spot freight rates on the main east-west deepsea trades witnessed more declines this week, as a combination of weak demand and excess supply of slot capacity prevailed.
Turkey has decided to bar Israeli vessels from using its ports, forbid Turkish ships from using Israeli ports and impose restrictions on planes entering Turkish airspace, Foreign Minister Hakan Fidan said on Friday.
Cosco Shipping Holdings Co. managed to increase profit in a volatile environment for freight rates and said uncertainty about tariff policies will continue to pose challenges for the industry.
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