System.Web.HttpException (0x80004005): The file '/seaweb_welcome.ascx' does not exist. at System.Web.UI.Util.CheckVirtualFileExists(VirtualPath virtualPath) at System.Web.Compilation.BuildManager.GetVPathBuildResultInternal(VirtualPath virtualPath, Boolean noBuild, Boolean allowCrossApp, Boolean allowBuildInPrecompile, Boolean throwIfNotFound, Boolean ensureIsUpToDate) at System.Web.Compilation.BuildManager.GetVPathBuildResultWithNoAssert(HttpContext context, VirtualPath virtualPath, Boolean noBuild, Boolean allowCrossApp, Boolean allowBuildInPrecompile, Boolean throwIfNotFound, Boolean ensureIsUpToDate) at System.Web.Compilation.BuildManager.GetVPathBuildResult(HttpContext context, VirtualPath virtualPath, Boolean noBuild, Boolean allowCrossApp, Boolean allowBuildInPrecompile, Boolean ensureIsUpToDate) at System.Web.UI.TemplateControl.LoadControl(VirtualPath virtualPath) at seaweb.authenticated.handler.PlaceHolderLoad(String ControlLocation, PlaceHolder PlaceHolder, Boolean boolBuildTree, String report) Sea-web: Welcome

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Spot rates on Asia-Europe shot up almost 80% to the highest level so far this year as the large 1 July general rate increases (GRIs) continued to drive up the market price.  Full story >>

Shanghai-listed China Shipbuilding Industry plans to raise up to CNY3.9 billion (USD587 million) through a private issuance to repay its debts.  Full story >>

The London insurance market has urged the UK government to begin negotiations to exit the European Union immediately amid uncertainty over the question of whether they will retain their passporting rights.  Full story >>

Japan is committed to funding integrated trade support solutions for Myanmar, including the development of efficient port and logistics infrastructure to eliminate bottlenecks to growth, according to the Japanese ambassador to Myanmar, Tateshi Higuchi.  Full story >>

Freight rates on the product tanker market are likely to remain at current levels, which are the lowest since the third quarter of 2014 (3Q14), but nevertheless high enough to remain profitable, according to BIMCO shipping analyst Peter Sand.  Full story >>

COSCO Shipping has ordered three 36,000 dwt ice-class multipurpose carriers as the Shanghai-listed unit of China COSCO Shipping begins to restructure its fleet in a process that should be completed by 2020.  Full story >>

Malaysian offshore oilfield service provider SapuraKencana Petroleum has been awarded several contracts worth USD125 million.  Full story >>

Following 10 weeks of intensive preparation, the bow section of sunken general cargo ship Flinterstar has been removed from the seabed off the Belgian port of Zeebrugge by salvage and wreck removal specialist Scaldis.  Full story >>

South Korea’s No 3 shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) said today that it has no plans to sell its blue-chip business divisions to rival Samsung Heavy Industries (SHI), despie media speculation.  Full story >>

South Korean bulk carrier owner Polaris Shipping has executed a KRW5 billion (USD4.3 million) bond issue to raise more working capital.  Full story >>

There is a flurry of last-minute reports, instructions, and frequently asked questions (FAQs) on the verified gross mass container weight regulations as the industry gets ready for the rule that will be imposed globally on 1 July.  Full story >>

Cargo agents in China, who handle a huge amount of containers exported from the country, are being caught between shippers unwilling to pay verified gross mass (VGM) weighing charges and carriers that will not load boxes without the weight data.  Full story >>

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